This paper examines the impact of two crises on the global apparel value chain: the World Trade Organization phase-out of the quota system for textiles and apparel in 2005, which provided access for many poor and small export-oriented economies to the markets of industrialized countries, and the...

Risk is inherent to the pursuit of opportunity. This paper surveys the recent literature and looks at the risks and opportunities firms and their workers face in the global value chains. First, it examines the risk-sharing mechanisms that firms provide from the national and global perspectives;...

Globalization has transformed how nations, firms and workers compete in the international economy over the past half century. This book by Gary Gereffi, one of the founders of the Global Value Chains (GVC) framework, traces the emergence of arguably the most influential approach used to analyze...