Organised by the United Nations Industrial Development Organization (UNIDO) and the Kiel Centre for Globalization (KCG) at the Kiel Institute for the World Economy (IfW Kiel) of Germany, in cooperation with the University of International Business and Economics (UIBE) of China, the event will take place at the Vienna International Centre.World-renowned policy experts and academics, as well as high-level practitioners and policy makers, will gather in Vienna on 18 June 2018 for a forum that will look at strategies and policies to harness the potential of global value chains (GVCs) for inclusive and sustainable industrial development (ISID) and structural change.
The Forum builds on two related conferences since 2016. The first examined current trends and perspectives related to international investment flows. The second focused on how to make the most of global production sharing in the digital age and to ensure that GVCs are shaped in such a way as to foster “inclusive” and “sustainable” development of all countries involved.
GVCs have become the key organising principle of the contemporary global economy and are profoundly shaping the development outcomes for countries. The experiences of countries in Asia and elsewhere provide instructive evidence for positive results that GVC participation is capable of delivering results along interlinked key dimensions, namely economic structure, industrial competitiveness, employment and living standards. Structural transformation is of particular importance, as affirmed by developing countries’ calls in January 2018 to place the agenda and Sustainable Development Goal No. 9 (Industry, Innovation and Infrastructure) at the fore of the United Nations’ work. Harnessing the potential of GVCs for inclusive and sustainable outcomes requires active and purposeful strategies and policies. The design of such strategies and policies will not only have to be suited to countries’ level of development. It also requires an understanding of mechanisms of GVCs and the determinants factors, across different regions and industries, a subject on which UNIDO has shed more light through recent research in the form of two reports.
The Forum is expected to inform and contribute to global policy discussion on the subject topic. The event will feature panel discussions with participation of representatives of major inter-governmental institutions and global centres of research excellence, and will present recent research by UNIDO on GVCs and structural change.