A significant share of global production takes place in global value chains (GVCs). Participating in GVCs is widely associated with economic benefits, such as productivity and employment creation, and considered one of the driving forces of growth and development worldwide. However, the sustainability of production in GVCs is increasingly contested, and associated social and environmental costs can be hefty. As production in GVCs entails that multiple actors, both private and public, located in various countries jointly produce goods and services, the sustainable governance of GVCs is best addressed in a coordinated multilateral effort.
The webinar, co-organized by UNIDO and the International Affairs Institute (IAI), and supported by the Kiel Institute for the World Economy (IfW Kiel) and the German Institute for Global and Area Studies (GIGA), will offer insights into what it takes for multilateral actors, such as the G20 and others, to address and mainstream sustainability into
UNIDO convenes experts to consider manufacturing responses to COVID-19 and lessons to be learnt
VIENNA, 18 May 2021 - The United Nations Industrial Development Organization (UNIDO) believes that the COVID-19 pandemic brings an opportunity to glean lessons and present feasible solutions to improve the governance of global manufacturing in the face of this and future crises. Opening a virtual high-level expert consultation, “Manufacturing responses to COVID-19: Lessons for governance and policy coordination in the face of global disasters”, UNIDO Director General, LI Yong, said, “This is a chance not be missed.”
The consultation with the 12 eminent experts on economic development is part of UNIDO’s ongoing research work for the Industrial Development Report 2022, entitled