Manufacturing has traditionally driven economic growth in developing countries. A new book by the World Bank highlights the potential of the service sector in driving development. What are the implications of this shift for least developed countries?
The combined and cumulative effect of pre-existing technological, policy and sustainability trends and the current COVID crisis is set to strike a perfect storm in the system of international production and GVCs.
The collapse in trade provoked by the coronavirus pandemic has exposed the fragility of carefully constructed supply chains in the global fashion industry, and the asymmetries with which they are governed.