Global Value Chain Development Report 2025: REWIRING GVCs IN A CHANGING GLOBAL ECONOMY
Collaborative Research Report
GLOBAL VALUE CHAIN DEVELOPMENT REPORT 2025: REWIRING GVCs IN A CHANGING GLOBAL ECONOMY
Robert Koopman and others eds.
“Global Value Chain Development Report” is a collaborative research outcome produced by five organizations (the Asian Development Bank, the Research Institute for Global Value Chains at the University of International Business and Economics, the Institute of Developing Economies-Japan External Trade Organization, the World Trade Organization, and the World Economic Forum) that lead research on Global Value Chains (GVCs).
The fifth edition of this report focuses on “re‑globalization” as a process of restructuring to address emerging economic, political, and social priorities. It examines opportunities to rethink GVCs in ways that enhance inclusiveness, resilience, and sustainability.
This publication is the outcome of extensive research based on numerous background papers prepared by 60 researchers affiliated with leading research institutions worldwide, with the five organizations mentioned above serving as the core contributors. Among them, IDE-JETRO led the development of Chapters 3 and 4. At IDE-JETRO, the edition was developed as part of the deliverables of the research project “Global Value Chain in Transition V”, led by Dr. Bo Meng.
Foreword
Zhongxiu Zhao (President, University of International Business and Economics)
Masato Kanda (President, Asian Development Bank)
Fukunari Kimura (President, Institute of Developing Economies)
Børge Brende (President, World Economic Forum)
Ngozi Okonjo-Iweala (Director-General, World Trade Organization)
Chapter 1: Recent Developments in Global Value Chains
Nomundari Baatar, Angelo Jose Lumba, and Mahinthan Joseph Mariasingham
Chapter 2: Resilience and Reglobalization: Global Value Chain Trends and New Opportunities
Antoni Estevadeordal, Anthony Cano Moncada, Robert B. Koopman, Victor Stolzenburg, and Michael Blanga-Gubbay
Chapter 3: Global Electric Vehicle Value Chains: Paradigm Shifts and New Opportunities for Developing Economies
Ran Wang, Bo Meng, Yunfeng Yan, Norihiko Yamano, Ming Ye, Yang Zhou, Aodong Jiao, Sida Chen, Zhi Wang, and Jinjun Xue
Chapter 4: Towards Greener and Inclusive Global Value Chains – Insights From Environmental Policy
Bo Meng, Ankai Xu, Meng Li, and Sunghun Lim
Chapter 5: Industrial Policy in a Strategically Contested Global Economy
Robert Koopman, and Shaopeng Huang
Chapter 6: Foreign Direct Investment, Trade Finance and Global Value Chain Integration
Zhengrui Cheng, Xiang Ding, and Marc Auboin
Chapter 7: Technology, Productivity and Inclusive Growth Through Global Value Chains
Neil Foster-McGregor and Wenbo Zhu
Chapter 8: Targeted Trade Deals As a New Form of Global Value Chain Governance
Geneviève Dufour, Kim Larsson, Souparna Maji, Gabrielle Marceau, Victor Stolzenburg, Felinda Wennerberg, and David Wollenberg
The first issue (2017), second issue (2019), third issue (2021), and fourth issue (2023) of the report can be downloaded free of charge from below:
Global Value Chain Development Report 2017: Measuring and Analyzing the Impact of GVCs on Economic Development
Global Value Chain Development Report 2019: Technological innovation, supply chain trade, and workers in a globalized world
Global Value Chain Development Report 2021: Beyond Production
Global Value Chain Development Report 2023: Resilient and Sustainable GVCs in Turbulent Times
Co-publishing partners
- The Asian Development Bank (ADB)
- The Research Institute for Global Value Chains at the University of International Business and Economics (UIBE)
- The World Trade Organization(WTO)
- The World Economic Forum (WEF)