Learning from tumultuous times: Structural risks in international trade
Recent research into global supply chain risks highlights why high-tech products are particularly susceptible to shocks.
Recent research into global supply chain risks highlights why high-tech products are particularly susceptible to shocks.
The new techno-economic paradigm offers a window of opportunity for latecomer countries to leapfrog into new sectors and industries.
The potential for bringing production back home crucially depends on local innovation ecosystems.
Innovation can provide swift remedies to the COVID-19 linked recession. Policy should contain incentives to innovate in the long-term.
The recovery of supply chains can be supported through trade policies and firm-specific initiatives.
COVID-19 struck at the core of GVC hub regions, with severe implications for international production networks.