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Policy brief

Shocks, risks and global value chains: insights from the OECD METRO model

The economic effects of the COVID-19 pandemic have contributed to renewed discussions on the benefits and costs of global value chains (GVCs), and in particular on whether GVCs increase risks and vulnerabilities to shocks. To serve as a starting point for an informed conversation around these questions, this note presents the results of a set of economic model simulations, using the OECD’s trade model, METRO.

OECD

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Understanding the global trading system

How trade works today

Where do your things come from? Better understand how global trade works today, and how it’s different from the past.

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Why open markets matter

Trade remains a driver of economic prosperity, and has lifted millions out of poverty over the years. Here’s how.

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Trade challenges and opportunities

Trade and market openness go hand-in-hand with better economic performance, but there are concerns the current trading system is not working as it should.

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Making trade work for all

Only a more modern, comprehensive and coherent package of trade, domestic and international policies can help trade contribute to better lives for more people.

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