Sustainability and resilience: how to guarantee ASEAN’s position in Global Value Chains
According to an Asian Development Bank report, the Association of Southeast Asian Nations (ASEAN) economies must strengthen their positions in global value chains (GVCs) to bolster resilience against new challenges including future pandemics, geopolitical instability, and climate change.
During the 2023 edition of the Southeast Asia Development Symposium (SEADS), the Asian Development Bank presented a new report named “ASEAN and Global Value Chains: Locking in Resilience and Sustainability” which surveys the challenges and opportunities facing those cross-border networks that separate production stages from concept to consumption, called Global Value Chains. The report focused in particular on the Southeast Asian territories, countries that are seeking to build greater resilience and promote green and sustainable development.
The report underlined the consequences of a business-as-usual scenario - a scenario which assumes that there will be no significant change in people's attitudes and priorities, o