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Commonwealth Trade Policy Discussion Papers

The Commonwealth Trade Policy Discussion Papers series promptly documents and disseminates reviews, analytical work and think-pieces to facilitate the exchange of ideas and to stimulate debates and discussions on issues that are of interest to developing countries in general and Commonwealth members in particular. The issues considered in the papers may be evolving in nature, leading to further work and refinement at a later stage.

English

The Services Trade Dimension of Global Value Chains

Policy Implications for Commonwealth Developing Countries and Small States

This paper considers in detail the various factors that drive competitiveness in services, a critical but often overlooked part of the global value chain, and the policy levers available to influence them. Services play a key role in enabling the development of value chains in goods, through transport, telecoms, logistics etc., and are now creating global value chains in their own right. In value-added terms, services now account for nearly half of world trade, yet too few Commonwealth developing countries are taking advantage of the new opportunities available. The paper concludes with a number of policy recommendations to increase country participation in the services aspects of global value chain activity.

English

Keywords: global value chains, competition, services, developing countries, world trade
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