Risk, resilience and recalibration in global value chains
China’s post-COVID-19 recovery may hold clues to the future of global value chains.
China’s post-COVID-19 recovery may hold clues to the future of global value chains.
The region’s high labour and capital costs present a serious challenge to its competitiveness.
COVID-19 crisis offers opportunities to foster industrialization by building synergies between policy areas such as healthcare and industry.
The pandemic is a reminder that investments in scientific, technological and productive capacities are necessary to build resilience in crises.
The pandemic is causing massive disruptions to flows of foreign direct investments. Developing countries are likely to be hit the hardest.
Innovation can provide swift remedies to the COVID-19 linked recession. Policy should contain incentives to innovate in the long-term.
Policy responses to COVID-19 need to manage short-term effects of the pandemic while setting conditions for economic recovery.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.