The Global Value Chain Development Report 2023, the fourth in this biennial series, is released at a critical juncture in the evolution of Global Value Chains (GVCs). In response to the diverse shocks of recent years, this report explores approaches to build resilient and sustainable GVCs. It...

This paper uses Chinese firm level data to detect the international propagation of adverse shocks triggered by the US hurricane season in 2005. We provide evidence that Chinese processing manufacturers with tight trade linkages to the United States reduced their intermediate imports from the...