International trade and the global economy have undergone significant changes in recent years as a result of improved technology, a shift towards trade in services, and increasing integration through the dismantling of the production process across borders and expansion of global (and regional) value chains. tralac’s work in this area examines the implications of the rapidly changing 21st century economic landscape for global and regional trade governance, and how trade policy can be used to promote the effective integration and upgrading of developing countries in today’s global economy.