S3 Ep41: Global value chains and development

The podcast discusses the impact of global value chains on development, highlighting the positive effects on growth and poverty reduction. It explores the characteristics and roles of global value chains in the garment and coffee industries. The concept of incomplete contracts in global value chains and the role of foreign buyers in financing trade are also discussed. Market power in global value chains and the challenges faced by small producers are explored. The role of institutions in shaping trade transactions and the complexity of global value chains in various industries are examined. The podcast emphasizes the need for nuanced understanding and effective policy-making.