Achieving inclusiveness through GVCs in LDCs and LICs

 

The session will present key forward looking concepts on the linkages between value chains and SDGs and present findings on the extent small players are participating in value chains, the constraints they face, and the policy levers that could be leveraged to foster more inclusive value chains in LDCs and LICS.   Such a discussion is particularly timely at a time when the Sustainable Development Goals (SDGs) have been established in an era of deepening globalization and in a context of increasing skepticism around the benefits of globalization.  Although many economies, firms, farms and individuals have benefited greatly from globalization over recent decades, these gains are not automatic - the challenge is not whether to participate in the global economy., but how to do so beneficially. A key to achieving a positive outcome is for producers to position themselves appropriately in the Global Value Chains (GVCs) which now account for more than two-thirds of total global trade.