Electronic Commerce and Inclusiveness of Global Value Chains
GVCs are a great driver of international trade and investment development in recent decades. But GVCs are largely controlled by a small group of multi-national companies and benefiting selected countries and regions. Electronic commerce has played a significant role by lowering entrance costs and barriers in helping SMEs and developing countries to get involved in international trade. Therefore, the inclusiveness of GVCs could be greatly enhanced by expanding and extending E-commerce to more developing countries. In order to make it happen, state and private sectors should work together to address the economic and policy obstacles restricting the development of E-commerce and GVCs.
Ricardo Meléndez-Ortiz, Chief Executive of ICTSD, is a panellist.