The global value chains (GVCs) are undergoing a transformation driven by innovative technologies. However, while harnessing such changes is essential to economic development and trade growth, governments and companies face difficulties in accessing information and knowledge which they can use to formulate effective government policies and company strategies.
This report aims to investigate the digital transformation occurring within GVCs and describe the implications those changes carry for APEC cooperation. The COVID-19 pandemic is expected to accelerate the digital transformation and bolster the digital economy as work is underway to overcome this unprecedented crisis. Under these circumstances, understanding digital transformation within GVCs is critical to surmounting the COVID-19 crisis and preparing for a post-pandemic era.