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Global Value Chains: a way to create more, better and inclusive jobs

Ruchira Kumar's picture
Photo by Jonathan Ernst / World Bank

Global Value Chains are a win-win for firms that enjoy greater efficiency, productivity, and profits while they create better jobs (Photo by Jonathan Ernst / World Bank)
 
Global Value Chains (GVC) are significant vehicles of job creation, employing around 17 million people worldwide and carrying a share of 60 percent of global trade. As globalization increases, GVCs are becoming more relevant in international production, trade, and investments. And Global Value Chains also have an important effect on job creation, and these jobs usually have higher wages and better working conditions. Global Value Chains can become a win-win for firms, which enjoy greater efficiency, productivity, and profits while they create better jobs. Here are some revealing facts about the potential of GVCs to create more and better jobs.

The care economy: A powerful entry point for increasing female employment

Eliana Carranza's picture
The burden of childcare and elderly care falls disproportionately on women

Access to affordable childcare is critical to increase female labor participation because the burden of childcare and elderly care falls disproportionately on women. Photo: Rama George-Alleyne / World Bank

Promoting female labor force participation and the quality of women’s employment was one of the main topics of the latest G20 Ministers of Labor meeting, as we explained in this blog. The solutions to reducing labor gender gaps across the world lie in many corners, but a well-functioning care economy is especially crucial. Nowadays, the burden of childcare and elderly care almost always falls disproportionately on women: Married women spend 14 to 42 percent of their non-leisure time on childcare, compared with 1 to 20 percent for married men. And changing demographics, aging societies, and declining fertility rates also make the burden of elderly care a growing challenge.