Fostering the sustainability of Global Value Chains (GVCs)Neligan, Adriana / Axel Berger / Clara Brandi / Diego Navarro / Fernando Blumenschein / Isabel Jandeisek / Johannes Blankenbach / Josef Wieland / Joshua Wickerham / Lise Johnson / Philipp Harms / Uri Dadush
Externe Publikationen (2017)
published on G20 Insights March 28, 2017
The world economy is increasingly embedded in Global Value Chains (GVCs). Meanwhile, although the rising significance of GVCs increases the importance of removing both export and import restrictions, the willingness of nations to cooperate in that regard is at an ebb, noticeably regarding Deep Preferential Trade Arrangements (PTAs), something which needs to be addressed by policy-making. Our main proposals are to (i) measure and set targets for the manifold contribution of GVCs to the global economy, (ii) commit to standards for the mitigation of economic disruption and sudden change, and (iii) set up a Global Pact for Sustainable Trade that sets a social and environmental agenda for the three other policy proposals, underlining the significance of the globally agreed 2030 Agenda for Sustainable Development.