The Global Logistic Chain Under Siege in a Post-Covid Era

Lars Oxelheim and Trond Randøy
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Trond Randøy: School of Business and Law, Postal: University of Agder, Kristiansand, Norway

No 1404, Working Paper Series from Research Institute of Industrial Economics

Abstract: Based on historical analogies, we emphasize a connection between financial crises and technological shifts where the shift calls for a structural economic transformation. We discuss how political pressures related to this structural transformation pave the way for the return of a new form of Mercantilism. This time it is the competition for high-tech jobs that drives politicians to be more nationalistic. Our conclusion is that the race for jobs in a period of technology shift, coupled with experimental efforts by central banks, will lead to the need for a post-covid 19 reorganization of international companies’ global logistics chain. The current pandemic will act as a catalyst to this very transformation.

Keywords: Global logistic chain; Post-Covid era; State aid; Technology shift; Job creation (search for similar items in EconPapers)
JEL-codes: E58 F16 F23 F34 G01 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2021-09-15
New Economics Papers: this item is included in nep-isf and nep-mac
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