Digital transformation of global value chains and sustainable post-pandemic recovery

This perspective paper examines the impact of the COVID-19 pandemic on global production and trade from the perspective of global value chains. Particular attention is paid to the transmission mechanisms and the role of digital technology in sustainable post-pandemic economic recovery. It argues that emerging technologies will be a driver of the global economic recovery, while the challenge to sustainable and inclusive global development will be significant, especially with regard to inequality and job creation. Also discussed are policy implications, to ensure this recovery is inclusive and sustainable, not leaving any country or people behind.