Can global value chains go green? Trade, investment and the net-zero development challenge
Can global trade and investment support economic development while also advancing sustainability? Or is there an inherent trade-off between deeper international integration and environmental goals, one that calls for a more selective approach to globalisation, potentially slowing the pace of development?
Drawing on insights from Green Global Value Chains for Sustainable Development, this discussion explores that question by looking beyond energy to the wider reorganisation of production, technology, skills, finance and markets across borders.
Foreign direct investment and global value chains can diffuse clean technologies, create upgrading opportunities and connect firms and regions to green growth. But they can also “go brown”, shifting emissions, deepening dependencies and locking places into low-value tasks.
The event asks what kind of internationalisation can support sustainable development, and what policies are needed to ensure that green globalisation delivers not only decarbonisation, but also economic upgrading, resilience and inclusion.
Bringing together global leaders from international organisations and leading academic institutions, the discussion considers how countries and regions might use the green transition to build capabilities and support development that is both economically and environmentally sustainable.
Meet our speakers and chair
Erik Berglöf is a Swedish economist, currently the Chief Economist of the Asian Infrastructure Investment Bank.
Riccardo Crescenzi is Professor of Economic Geography at LSE and a leading expert on foreign direct investment, global value chains and regional development. He has held a European Research Council grant and advised the European Commission, World Bank, OECD, and Asian Infrastructure Investment Bank. He is co-author of Harnessing Global Value Chains for Regional Development and co-author of the forthcoming Cambridge University Press book Green Global Value Chains for Sustainable Development.
Oliver Harman is a spatial economist and economic geographer at LSE's Department of Geography and Environment at the Global School of Sustainability. His research focuses on urbanisation, global value chains and regional development. He is co-author of Harnessing Global Value Chains for Regional Development and of the forthcoming Cambridge University Press book Green Global Value Chains for Sustainable Development. Previously, he spent nearly a decade advising local government ministries and mayoral teams across Africa, Asia and the Caribbean on sustainable urban development and fiscal policy.
Ralph de Haas is Director of Research at the European Bank for Reconstruction and Development and an adjunct Professor of Finance at KU Leuven. He is also a CEPR Research Fellow in both the ‘Banking and Corporate Finance’ and the ‘Climate Change and the Environment’ programs; a member of the CEPR’s Research and Policy Network on Sustainable Finance; a Fellow at the European Banking Center; and a Research Associate at the ZEW–Leibniz Centre for European Economic Research. He serves as an Associate Editor at the Journal of Banking & Finance.
Daria Taglioni is a Lead Economist in the Prosperity Research Program of the Development Research Group at the World Bank Group. Previously, she worked as Senior Economist at the European Central Bank (ECB) and as Economist at the Organisation for Economic Cooperation and Development (OECD). She has published in the American Economic Review, Journal of International Economics, and other scholarly journals. Her work has been featured in international media outlets such as the New York Times and Forbes.
Jonathan Pershing is Dean of the Global School of Sustainability and Professor in Practice at LSE.
More about this event
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The Department of Geography and Environment is a centre of international academic excellence in economic, urban and development geography, environmental social science and climate change.
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