Growth of global value chains has stalled amid trade conflicts – World Bank

By David Lawder WASHINGTON (Reuters) - The growth of global value chains, a key driver of trade and poverty reduction in emerging market countries, has largely stalled in the past decade and is under threat from trade conflicts and emerging new technologies, the World Bank said on Tuesday. In a new report, the World Bank said global value chains - which spread production processes of goods over multiple countries - grew swiftly from 1990 to 2007 as reduced trade barriers and improved information technology and transportation links induced manufacturers, making up half of all trade. But this has reversed in recent years, partly due to slower economic growth and a maturing of manufacturing in dynamic regions such as China.

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