Global value chains and the challenge of Covid-19
(WorldNews France)

Post n°177 Global value chains and the challenge of Covid-19 Published on 08/13/2020 Share links Send by email Alert by email Share Facebook Twitter LinkedIn By Antoine Berthou, Juan Carluccio and Guillaume Gaulier The health crisis has severely impacted global trade and revived debates about the location of production. The widespread onshoring of manufacturing activities would mean abandoning the gains from international specialisation, but without necessarily making value chains more resilient. Given that French companies mainly source their inputs from Europe, a coordinated, EU-wide industrial strategy seems more appropriate. Chart 1: Percentage change in volumes of manufacturing output...