Policy Article

Multilateral coordination and exchange for sustainable global value chains

Authors

  • Holger Görg
  • Jann Lay
  • Stefan Pahl
  • Adnan Šerić
  • Frauke Steglich
  • Liubov Yaroshenko
Publication Date

While participation in global value chains (GVCs) is widely associated with benefits for countries’ development and growth, its environmental and social costs become increasingly evident. Representing core buyer and supplier countries in GVCs, the G20 is particularly suited to tackle this global challenge. We recommend the G20 should become a key global forum for exchange and collaboration on this important challenge, setting in place effective processes to ensure multilateral coordination for sustainable GVCs in the G20 and beyond.

Info

JEL Classification
F1, F23, F53, J8, M14, Q56

Key Words

  • Global Value Chains
  • multilateral cooperation
  • Sustainability