The 2020 Covid-19 pandemic and global value chains

Roger Strange ()
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Roger Strange: University of Sussex Business School

Economia e Politica Industriale: Journal of Industrial and Business Economics, 2020, vol. 47, issue 3, No 7, 455-465

Abstract: Abstract This paper considers the impact of the Covid-19 pandemic on firm strategies and, in particular, the configuration of firms’ global value chains (GVCs) once the pandemic has been brought under control. The merits of alternative location strategies (international diversification vs reshoring) are compared, as are the merits of different governance arrangements (internalization vs externalization) for GVC activities. The possibility of fire-sale foreign direct investment is raised, and the wider geopolitical context is emphasized. The widespread human tragedy is noted, as is the dilemma facing national governments around the world in balancing lives and livelihoods.

Keywords: Covid-19 virus; Pandemic; Global value chains; Resilience; Location; Governance (search for similar items in EconPapers)
JEL-codes: F23 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (39)

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DOI: 10.1007/s40812-020-00162-x

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