Search: global-value-chains

The past few years have been turbulent for global merchandise trade, with multiple crises impacting its fundamental propelling mechanism — global value chains. While the global financial crisis and natural disasters in East Asia triggered the restructuring of global value chains last decade, the trend towards reshoring and near-shoring gathered momentum with the rise of […]

Economists and businesses have been paying closer attention to the continued disruptions of Global Value Chains (GVCs) over the last three or four years. GVCs have been a fundamental aspect of the global economy for several decades, allowing countries to specialize in different stages of production, thereby increasing efficiency and reducing costs. GVCs have enabled […]

Supply-Shock Therapy – Project Syndicate

by admin on October 20, 2021

Supply-Shock Therapy  Project Syndicate