Strengthening economic resilience within global value chains in Switzerland

Erik Frohm

No 1798, OECD Economics Department Working Papers from OECD Publishing

Abstract: Switzerland has shown remarkable strength during past economic downturns. A comprehensive risk planning and monitoring system, as well as essential-goods stockpiles has effectively bridged temporary supply disruptions. Yet, rising geopolitical tensions and a global shift towards protectionism pose significant challenges for the Swiss economy. To raise its resilience and productivity, Switzerland should refrain from relying on distortive industrial policies or trade restrictions, and rather continue to commit to international trade and cooperation, strengthen ties with key trading partners and enhance domestic competition. Resuming negotiations with the EU is key to safeguard access to the single market and deepen the economic partnership. Reducing trade barriers and lowering the administrative burden could reduce trade costs, which would allow companies to diversify supply chains while raising productivity.

Keywords: Competition; Economic Resilience; Global Value Chains; Industrial Policy; Trade (search for similar items in EconPapers)
JEL-codes: E32 F15 F41 F62 L17 (search for similar items in EconPapers)
Date: 2024-05-07
New Economics Papers: this item is included in nep-int
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