DDG Gonzalez highlights benefits of global value chains for LDCs

In remarks delivered to a webinar organized by Duke University on 15 November, Deputy Director-General Anabel Gonzalez highlighted the “double dividend” for least developed countries (LDCs) from participating in global value chains. The dividends include allowing the most productive LDC firms to specialize and expand while gaining managerial and technological best practices from foreign firms. “As a result, LDCs that become part of global value chains can see faster income growth and falling poverty,” she said. Her remarks are below.