Global Value Chain Development Report 2025 – Rewiring GVCs in a Changing Global Economy

The report provides an overview of recent trends in GVCs and documents the emergence of new regional hubs and firm networks. Special attention is given to changing patterns of GVC participation in Latin America, the Caribbean and Africa to explore how these regions may grasp the opportunities the ongoing shifts provide. The report also analyses how digitalization and services are reshaping value creation and pays particular attention to the reorganization of automobile and electric vehicle supply chains.

The report concludes by illustrating how recent transformations are leading to novel governance approaches, including industrial policies and targeted trade deals that address border issues such as carbon mitigation, critical minerals supply, and digital trade.

Co-published by the University of International Business and Economics, Asian Development Bank, Institute of Developing Economies–Japan External Trade Organization, World Economic Forum and the WTO in 2025.

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• Key Messages and Findings
• Executive Summary
• Chapter 1: Recent Developments in Global Value Chains
• Chapter 2: Resilience and Reglobalization: Global Value Chain Trends and New Opportunities
• Chapter 3: Global Electric Vehicle Value Chains: Paradigm Shifts and New Opportunities for Developing Economies
• Chapter 4: Towards Greener and Inclusive Global Value Chains – Insights from Environmental Policy
• Chapter 5: Industrial Policy in a Strategically Contested Global Economy
• Chapter 6: Foreign Direct Investment, Trade Finance and Global Value Chain Integration
• Chapter 7: Technology, Productivity and Inclusive Growth through Global Value Chains
• Chapter 8: Targeted Trade Deals as a New Form of Global Value Chain Governance"