Global Value Chains and Development - Lessons from China’s Integration Strategy

The world economy is at a critical crossroad. The COVID-19 shock and the self-induced economic crisis that followed caused an unprecedented global recession, the most severe after the second world war. Particularly felt by developing economies and LDCs, these impacts are combined with long-lasting challenges and the fallouts of the 2008 global financial crisis. In such a challenging and uncertain environment, the development strategies followed by successful catch-up countries until the recent past have become by far less effective. The role of trade in spurring industrialization and development is no longer what it used to be during the East Asian miracle when it aided economic take-off and the achievement of unprecedented and sustained growth.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Partnerships for the Goals