Mind the import gap: UK supply chains in Brexit times
The slow pace of EU imports growth opens a persistent gap between trade with EU and non-EU economies.
The slow pace of EU imports growth opens a persistent gap between trade with EU and non-EU economies.
The diaspora can support the country’s diversification and foster its economic integration into global value chains.
Demand-led industrial strategies can be highly effective, but need to be carefully designed and implemented to avoid possible pitfalls.
Road infrastructure can play a key role in ensuring that trade liberalization results in productivity enhancements for firms.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.