What are Global Value Chains and why they matter for economic & regional development | LSE Research

To understand Global Value Chains, consider the bicycle. Bicycles are not solely produced in one place, rather they are created across countries—a collection of regions delivering components and services bringing the bicycle to the end consumer. Each contributor, located and spread throughout the world, adds value to this end product. This end-to-end process is the Global Value Chain. Read how Global Value Chains can foster economic development and jobs: Find the Regional Studies Policy Impact Book: #Economics