Even if today’s fears of a global production meltdown prove to be exaggerated, COVID-19 has exposed the myriad vulnerabilities of cross-border value chains. The key issue, beyond the immediate priority of easing input shortages, is whether firms will need state help to protect themselves against future supply disruptions.
Enjoy unlimited access to the ideas and opinions of the world’s leading thinkers, including weekly long reads, book reviews, topical collections, and interviews; The Year Ahead annual print magazine; the complete PS archive; and more – for less than $9 a month.
Oct 21, 2021 & propose a strategy to achieve long-overdue institutional changes to the post-1945 multilateral system.
Oct 21, 2021 consider how firms and policymakers should address current widespread product shortages.
Oct 20, 2021 & urge the institution to focus on providing concessional loans and untied aid to low-income countries.
Oct 20, 2021 explains how Éric Zemmour’s possible candidacy is already influencing next year’s presidential election.
Even if today’s fears of a global production meltdown prove to be exaggerated, COVID-19 has exposed the myriad vulnerabilities of cross-border value chains. The key issue, beyond the immediate priority of easing input shortages, is whether firms will need state help to protect themselves against future supply disruptions.
