In recent decades, the emergence of global value chains (GVCs) has changed international trade patterns. Today, the production of goods involves international production sharing, which allows countries to trace the value-added distribution to international trade. However, the COVID-19 pandemic...

The COVID-19 pandemic is creating uncertainty that potentially causes a decline in global trade. It hampers the catching-up processes of developing countries because they are already connected through global value chains (GVCs). This study investigates the speed of convergence in GVC...