The Dynamics of Global Value Chains

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As McKinsey's Global Institute indicates, globalization is in the midst of a transformation.  In its recent 132-page report, "Globalization in Transition:  The future of trade and value chains," the authors say:

Yet the public debate about trade is often about recapturing the past rather than looking toward the future. The mix of countries, companies, and workers that stand to gain in the next era is changing. Understanding how the landscape is shifting will help policy makers and business leaders prepare for globalization’s next chapter and the opportunities and challenges it will present.

Read on to learn more.

Note a key finding in the report:  Larger companies may need to help their small and medium-size suppliers upgrade and add digital capabilities to realize the full value.