








The 2020 World Trade Report looks at the role of innovation and technology policies in an increasingly digitalized world economy and explains the role of the WTO in this changing context.

The paper describes long-term global systemic risks that affect the environment, the economy and society. The review also provides practical advice for investors for converting systemic risks into development models. There are six main global systemic risks: climate change, water security, geopolitics, technological evolution, demographic shifts, low and negative real long-term interest rates.

This report prepared by the World Bank in collaboration with WTO, OECD, the Institute of Developing Economies, and the Research Center of Global Value Chains reviews the phenomenon of global value chains (GVCs) using the latest research data, stressing the importance of GVCs in revealing the changing character of global trade.

The World Economic Forum review dedicated to the impact of the COVID-19 pandemic on the economy of the future, as well as to the factors that will play a key role in economic development after the pandemic.