The impact of COVID-19 on manufacturing investments
Advances in production technology and a trend towards shorter supply chains make a return to “business as usual” highly unlikely.
Advances in production technology and a trend towards shorter supply chains make a return to “business as usual” highly unlikely.
The pandemic is causing massive disruptions to flows of foreign direct investments. Developing countries are likely to be hit the hardest.
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.
UAE has made headways with efforts to diversify its oil-driven economy and now aims to break into high-tech manufacturing.
The East Asian Miracle provides crucial lessons for developing countries on export-oriented manufacturing growth.
Production became fragmented into networks across many locations, with implications for industrial development.
Individual country experiences point to differences in Global Value Chains participation since the mid-1990s.