It … For the IAS Exam, the key findings of WDR 2020, the meaning of GVCs and India’s performance with GVC participation are important for prelims and mains (GS 2, GS 3) exams. Meanwhile, serious threats have emerged to the model of trade-led growth. 8. An IEEE Spectrum report, the Beijing-based company is set to send the world’s first mining robot named ‘asteroid mining robot’ into space by November 2020 to identify and extract resources. Despite being one of the most common measures of development, the Human Development Index [HDI] has been much criticized for its consistency, data requirements, difficulty of interpretation and trade-offs between indicators. Countries realizing the GVC participation determinants — Endowments, Geography, Market Size and Institutions can bring related policy changes to increase GVC participation. First World Happiness Report 2020 released. These vital resources are expected to fall sharply from 2019 levels of $1.5 trillion, dropping well below the trough reached during the global financial crisis and undoing the already lackluster growth in international investment over the past decade. The World Bank . The focus of the report is on the assessment of foreign direct investment (FDIs) trends worldwide. Today, almost 50% of global trade involves GVCs. The report and information materials are under embargo and will become available on 22 March 2020. The 2020 global Living Planet Index shows an average 68% fall in monitored vertebrate species populations between 1970 and 2016. The United Nations predicted the effect of climate change on water availability and food production in the World Water Development Report 2020. Let us understand what GVC is. Global flows of foreign direct investment (FDI) will be under severe pressure this year as a result of the COVID-19 pandemic. Durability in the firm-to-firm relationship helps in better diffusion of technology and access to capital and inputs along the chains. It uses publicly available data published by official data providers (World Bank, WHO, ILO, others) and other organizations including research centers and non-governmental … Global value chains (GVCs) account for almost 50% of global trade today. Make simple notes . The 2020 Report has introduced the planetary pressures-adjusted Human Development Index, which adjusts the standard Human Development Index (HDI) by a country’s per capita carbon dioxide emissions and material footprint. India in top five (fourth position) in terms of seizure of opium in 2018. In a worst-case scenario, if trade conflict worsens and causes a slump in investor confidence, up to 30.7 million people could be pushed into poverty (below $5.50 a day), and global income could fall as much as $1.4 trillion. World Happiness Report 2020. That will serve the purpose on a longer run. Facts and Figures English | Français | Español | Italian | Portugese(pdf) Sugge… Required fields are marked *. The trade of know-how in different sectors like agriculture, manufacturing, and services lead to growth across industries. A 1 percent increase in GVC participation is estimated to boost per capita income by more than 1 percent, or much more than the 0.2 percent income gain from standard trade. According to the report the remittances of India will fall by 9% by the end of 2020. Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. UNESCO (United Nations Educational, Scientific and Cultural Organization) Global Education … This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Last year’s rank- 130. What’s special about the 2020 report? For the IAS Exam, the key findings of WDR 2020, the meaning of GVCs and India’s performance with GVC participation are important for prelims and mains (GS 2, GS 3) exams. 2. Aspirants can read similar important international reports from the links given below: The World Development Report mentions the rise of Global Value Chains (GVC) and its role in boosting growth, creating better jobs and reducing poverty. It is a break-up of the production process across the countries. It is harmful to the environment – Transportation leads to higher carbon dioxide emissions, and packaging of goods leads to an excess of waste (in electronics and plastics especially.). In the last post, we wrote about the names of reports published by various organisations and their importance in UPSC exams. World Happiness Day by the end of 2020 of production and in multiple offshore locations technologies trade. 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