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Policy Article

Risk, resilience and recalibration in global value chains

VoxEU.org, 07.01.2021

Authors

  • Görg
  • H.
  • Liu
  • W.-H.
  • Šerić
  • A.
  • Windisch
  • M.

Publication Date

JEL Classification

F10 F60

Key Words

  • China
  • COVID19
  • Global Value Chains
  • recalibration
  • resilience
  • Resilienz
  • risk
  • trade

Related Topics

Asia China Europe USA Companies Emerging Markets & Developing Countries Globalization Growth International Trade

The Covid-19 pandemic has exposed the fragility of the global trade network underpinning global value chains. Initial disruptions in the supply chains for key medical goods due to surges in demand and newly erected trade barriers have prompted policymakers around the world to question their country’s reliance on foreign suppliers and international production networks. This column takes a closer look at China’s post-pandemic recovery and argues that its response may hold clues to the future of global value chains.

Kiel Institute Experts

  • Prof. Holger Görg, Ph.D.
    Research Director
  • Dr. Wan-Hsin Liu
    Kiel Institute Researcher

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