Twin Transitions for Global Value Chains: Digital and Green Transformations
This Policy Brief was first published in https://t20ind.org
Developing countries participate in global value chains (GVCs) mostly as suppliers of intermediary goods. To fully benefit from GVCs and advance their development process, these countries must upgrade their production and enter sectors with greater value added. The digital and green transitions open opportunities for developingcountriestomeetthedemand for greater environmental sustainability and move towards more sophisticated manufacturing and service industries. The digital and green transformations are largely being developed in parallel, especially in developing countries, where the adoption of digital technologies faces several barriers. To overcome these barriers, policies should focus on aligning digital and environmental strategies, developing digital competencies, and strengthening financial support and international partnerships.
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