What is the Fourth Industrial Revolution?
Advanced digital production technologies are changing manufacturing and carry implications for the future of industrial development.
Advanced digital production technologies are changing manufacturing and carry implications for the future of industrial development.
Digitalization holds promise for less industrialized economies but also underlines the need for increasing efforts in developing human capital.
Advances in production technology and a trend towards shorter supply chains make a return to “business as usual” highly unlikely.
The recovery of supply chains can be supported through trade policies and firm-specific initiatives.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.
COVID-19 struck at the core of GVC hub regions, with severe implications for international production networks.