This paper uses export and import shares of intermediate goods to assess the extent of integration of G20 and non-G20 nations, including least developed countries (LDCs), in global value chains (GVCs). The G20's intermediate trade, especially the imports, recovered fast during and immediately...

Multiple studies on economic transition have argued that participation in Global Value Chains (GVCs) can facilitate the process of structural transformation in developing economies by reallocating labor from less productive to more productive sectors. However, there is a dearth of empirical work...