Launch of AIIB Publication- Asian Infrastructure Finance 2021-Sustaining Global Value Chains
The 2021 edition of AIIB’s publication Asian Infrastructure Finance Report focuses on global value chains (GVCs) and argues that reports on the demise of GVCs are greatly exaggerated. Accounting for close to half of total exports, GVCs continue to be an important lever for developing countries to transition from investment-led to innovation-led growth. Despite recent slowdown in growth, GVCs continue to expand and transform economies. When COVID-19 struck, existing logistics systems quickly sprung back to a
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