The database also provides an overview of structural change in international trade, both from the point of view of
global value chainsThe production of a single commodity or service can be split into many small parts (this is referred to as fragmentation). When these small parts are performed by separate production locations and/or firms, the production process takes the form of a value chain, with many parties contributing value. When this chain is dispersed over various geographical locations, we speak of a global value chain (GVCs).
and the
fourth industrial revolutionA series of related radical innovative breakthroughs centered around automation and digitization technologies. By applying machine learning and large-scale connectivity, these technologies have a large impact on a broad range of existing fields, such as chemistry and mechanics
.