The Global Value Chain Development Report 2017, published by the World Bank, the World Trade Organization, and other partners, analyzes recent trends around global value chains (GVCs) and their impact on international trade and development. According to the report, GVCs—defined as production processes in which different countries participate in carrying out different stages of production—account for approximately two-thirds of global trade in value-added terms.
Africa, however, lags behind other regions of the world in integrating into GVCs and, in particular, shows little intraregional integration, the report argues. Read more. Source | Brookings