Global Value Chains

Global Value Chains (GVCs) have become a dominant feature of world trade. As global productions are increasingly being organized around these networks, the implications of increasing connectivity, and its relation to development objectives have become a policy imperative for modern economies. It is therefore important to capture and measure GVCs for informing policy decisions that attempt to leverage these networks for economic growth and development.

Due to the increasing importance of GVC research, the ADB Multiregional Input Output (MRIO) team has delved into methods and frameworks to document, quantify, and characterize GVCs.

Mapping Global Value Chains


The intricacy of GVC research has paved the way in the advancement of data-driven policy options for countries to adopt. If consistently and comprehensively documented, GVCs can provide a detailed portrait of how an economy is positioned in these value chains, and how impactful its influence is to other economies and to the global economy. Albeit termed "global", GVCs naturally tend to be "regional" given the higher volume of trade between countries that are geographically adjacent, with the exception of major economies like People's Republic of China, Germany, and the United States.


See also:
The Impact of Trade Conflict on Developing Asia 

Frameworks for GVC Measurement

Reports

Economic Indicators for South and Central Asia: Input-Output Tables ADB Publications
Economic Indicators for Southeastern Asia and the Pacific: Input-Output Tables ADB Publications
Economic Indicators for Eastern Asia: Input-Output Tables ADB Publications