Trading for Development in the Age of Global Value Chains - Word Development Report 2020
The World Development Report 2020 focuses on the impact of global value chains (GVCs) on international trade and development. GVCs have enabled an unprecedented economic convergence, with low-income countries experiencing rapid growth and increased integration into the global economy. The report examines the implications of GVCs for development and how to maximize their potential. ▼
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Course Feature
Cost:
Free
Provider:
Edx
Certificate:
Paid Certification
Language:
English
Start Date:
Self paced
Course Overview
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Updated in [March 06th, 2023]
This course provides an overview of trading for development in the age of global value chains. Participants will explore how global value chains (GVCs) can further boost inclusive and sustainable economic growth, creating better jobs and reducing poverty. Economists from across the World Bank Group will discuss how GVCs impact a range of development issues. Participants will also benefit from using a global online platform, by networking with peers across the world, experimenting with digital visualizations about GVCs, and experiencing the interconnectedness of global development demands. The course will also cover the impact of the 2008 global financial crisis and the COVID-19 pandemic on GVCs, as well as the threats to the model of trade-led growth that have emerged.
[Applications]
It is suggested that participants apply the knowledge gained from this course to their own contexts, by exploring how GVCs can further boost inclusive and sustainable economic growth, creating better jobs and reducing poverty. Participants should also use the global online platform to network with peers across the world, experiment with digital visualizations about GVCs, and experience the interconnectedness of global development demands. Additionally, participants should consider how to create deeper reforms and predictable policies that encourage shared and sustained GVC participation, and how to continue the development of GVCs amid the COVID-19 crisis.
[Career Paths]
1. Trade Policy Analyst: Trade policy analysts are responsible for researching and analyzing the impact of international trade policies on global markets. They must be knowledgeable about the economic, political, and social implications of trade agreements and regulations. They must also be able to identify and assess potential risks and opportunities associated with trade policies. As global trade continues to evolve, trade policy analysts will be increasingly in demand to help governments and businesses navigate the complexities of international trade.
2. International Trade Lawyer: International trade lawyers specialize in the legal aspects of international trade. They advise clients on the legal implications of international trade agreements, regulations, and disputes. They must be knowledgeable about the laws and regulations governing international trade, as well as the economic and political implications of trade agreements. As global trade continues to expand, international trade lawyers will be increasingly in demand to help businesses and governments navigate the complexities of international trade.
3. Trade Finance Specialist: Trade finance specialists are responsible for managing the financial aspects of international trade. They must be knowledgeable about the financial instruments used in international trade, such as letters of credit, bills of exchange, and other financial instruments. They must also be able to identify and assess potential risks and opportunities associated with international trade. As global trade continues to expand, trade finance specialists will be increasingly in demand to help businesses and governments navigate the complexities of international trade.
4. Trade Negotiator: Trade negotiators are responsible for negotiating international trade agreements. They must be knowledgeable about the economic, political, and social implications of trade agreements and regulations. They must also be able to identify and assess potential risks and opportunities associated with trade agreements. As global trade continues to evolve, trade negotiators will be increasingly in demand to help governments and businesses navigate the complexities of international trade.
[Education Paths]
1. Bachelor's Degree in International Trade: This degree program provides students with a comprehensive understanding of the global economy and the principles of international trade. Students learn about the fundamentals of international trade, including the laws and regulations governing international trade, the economic and political factors that influence trade, and the strategies used to maximize the benefits of international trade. This degree program also covers topics such as international finance, international marketing, and international business. As the global economy continues to evolve, this degree program prepares students to take advantage of the opportunities presented by international trade.
2. Master's Degree in Global Value Chain Management: This degree program provides students with an in-depth understanding of the principles and practices of global value chain management. Students learn about the strategies and techniques used to optimize the performance of global value chains, including the use of technology, data analysis, and supply chain management. This degree program also covers topics such as global sourcing, global logistics, and global operations. As the global economy continues to become more interconnected, this degree program prepares students to take advantage of the opportunities presented by global value chains.
3. Doctoral Degree in International Trade and Development: This degree program provides students with a comprehensive understanding of the principles and practices of international trade and development. Students learn about the economic, political, and social factors that influence international trade and development, as well as the strategies used to maximize the benefits of international trade and development. This degree program also covers topics such as international finance, international marketing, and international business. As the global economy continues to evolve, this degree program prepares students to take advantage of the opportunities presented by international trade and development.
4. Master's Degree in International Business: This degree program provides students with a comprehensive understanding of the principles and practices of international business. Students learn about the fundamentals of international business, including the laws and regulations governing international business, the economic and political factors that influence international business, and the strategies used to maximize the benefits of international business. This degree program also covers topics such as international finance, international marketing, and international operations. As the global economy continues to evolve, this degree program prepares students to take advantage of the opportunities presented by international business.
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