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.