The future of global value chains in the post-pandemic world
Countries must rethink innovation and investment policy measures to enable long-term sustainability.
Countries must rethink innovation and investment policy measures to enable long-term sustainability.
Substantive progress is needed on specific sustainable industrialization indicators.
Policy reforms need to address low financial returns which hamper the contribution of FDI to sustainable development.
As most countries experience COVID-19 related lockdowns, there are concerns about both the present and the future of global supply chains.
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.