The following is excerpted from a 6 September 2013 news item by the World Trade Organization.
Global value chains (GVCs) have become a dominant feature of world trade and investment, offering new prospects for growth, development and jobs, according to a new joint report by the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD). Effective participation in GVCs will require significant further investment in technology dissemination, skill building and upgrading, the report says.
This item is available in its entirety at:
http://www.wto.org/english/news_e/news13_e/miwi_06sep13_e.htm