Place-based policies: How to design them and why
Effective place-based policies need to deliver desired spatial economic cohesion while minimizing resource waste and secondary distortions.
Effective place-based policies need to deliver desired spatial economic cohesion while minimizing resource waste and secondary distortions.
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.