Trade insurance matters more in times of uncertainty
Evidence from the COVID-19 pandemic and the global financial crisis.
Evidence from the COVID-19 pandemic and the global financial crisis.
Global trade has proved to be less vulnerable than many initially feared and may help drive the recovery.
Why building future resilience requires a delicate balance between increased flexibility, efficiency and welfare advantages of GVCs.
The region’s high labour and capital costs present a serious challenge to its competitiveness.
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.