Global Value Chain Development Report 2023 Advocates for Resilient and Sustainable Practices Amidst Global Turbulence

The report presents a recent case study by Sudan (2021) on India’s automotive industry illustrates how MSMEs benefit from direct knowledge transfers.

by Sanjaya K. Mishra and Samar Pratap

In a collaborative effort, the Asian Development Bank (ADB), the Institute of Developing Economies — Japan External Trade Organization (IDE-JETRO), the Research Institute for Global Value Chains at the University of International Business and Economics (UIBE) Beijing, and the World Trade Organization have released the "GVC Development Report 2023: Resilient and Sustainable GVCs in Turbulent Times." The report delves into strategies to foster resilient and sustainable Global Value Chains (GVCs) while addressing recent trade tensions and the impact of the COVID-19 pandemic.

Key Findings: Trends, Challenges, and Opportunities

The report offers an extensive overview of the latest trends in GVCs, examining the repercussions of recent trade tensions and the global health crisis on these intricate supply chains. Titled "Resilient and Sustainable GVCs in Turbulent Times," the publication emphasizes the evolving nature of supply chains and analyzes the challenges posed by climate change to GVCs. Additionally, it proposes policy options to promote inclusive development through active participation in GVCs.