Aligning Trade and Competition in Global Tech-Based Value Chains

This piece examines the intersection of trade and competition within global value chains that increasingly depend on frontier technologies such as microchips, big data, quantum and cloud computing. These GVCs are witnessing early signs of fragmentation driven by geopolitical shifts, protectionist measures, and rising trade barriers. The combined impact of US-China trade tensions, the COVID-19 pandemic, and Russia’s invasion of Ukraine has reshaped global trade dynamics, compelling countries an