Made in America or making America pay?
Alternatives to industrial policy for semiconductor supply chain resilience.
Alternatives to industrial policy for semiconductor supply chain resilience.
As most countries experience COVID-19 related lockdowns, there are concerns about both the present and the future of global supply chains.
Integration of manufacturing firms in global value chains offers opportunities for countries to raise employment, exports and productivity.
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.