Economic research and trade policy analysis
Executive Summary
The main theme of the 2023 Global Value Chain Development Report is the resilience and sustainability of value chains in response to the diverse shocks of recent years.
Global Value Chain Development Report 2023
The Global Value Chain Development Report 2023 the fourth in this biennial series is released at a critical juncture in the evolution of Global Value Chains (GVCs). In response to the diverse shocks of recent years this report explores approaches to build resilient and sustainable GVCs. It provides an overview of the most recent trends in GVCs assesses the effects of the trade tensions and the COVID-19 pandemic on GVCs and illustrates particular changes of energy and semiconductor supply chains. It also analyzes the challenges of climate change to GVCs and proposes a framework of greening value chains and policy options for enhancing inclusive development through GVC participation.
Publishing Partners
The Global Value Chain Development Report 2023: Resilient and Sustainable GVCs in Turbulent Times is jointly published by the Research Institute for Global Value Chains at the University of International Business and Economics (RIGVC-UIBE) the Asian Development Bank (ADB) the Institute of Developing Economies – Japan External Trade Organization (IDE-JETRO) and the World Trade Organization (WTO).
Acknowledgments
The Global Value Chain Development Report 2023 the fourth in the series draws on contributions from 37 background papers presented and discussed at the First Authors’ Workshop for the Global Value Chain Development Report 2023 hosted by the World Trade Organization (WTO) during 7–11 November 2022.
Foreword
The Global Value Chain Development Report 2023: Resilient and Sustainable GVCs in Turbulent Times the fourth in this biennial series is released at a critical juncture in the evolution of Global Value Chains (GVCs). It first provides an update on trends in GVCs highlighting that international production networks remain a central part of globalization despite mounting pressures. The report then turns to its main theme which is informed by the fact that the intricate networks of international flows of goods services capital and technology are currently facing exceptional challenges arising from geopolitical complexities and the impacts of climate change in the Post-COVID era.
Introduction
Trade Profiles contain detailed information on merchandise trade flows including top products traded by each economy an expanded section on trade in commercial services as well as statistics on intellectual property. The information available for WTO Members Observers and other selected economies is derived from multiple domains such as customs statistics national accounts Balance of Payments statistics Foreign AffiliaTes Statistics (FATS) and industrial property statistics. Data are sourced from WTO Secretariat and external sources and presented in standardized and visualized format for quick reference.