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 will offer insights into what it takes for multilateral actors, such as the G20 and others, to address and mainstream sustainability into the global production and trading systems.