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Medientyp:
E-Artikel
Titel:
The 2020 Covid-19 pandemic and global value chains
Beteiligte:
Strange, Roger
Erschienen:
Springer Science and Business Media LLC, 2020
Erschienen in:
Journal of Industrial and Business Economics, 47 (2020) 3, Seite 455-465
Sprache:
Englisch
DOI:
10.1007/s40812-020-00162-x
ISSN:
0391-2078;
1972-4977
Entstehung:
Anmerkungen:
Beschreibung:
AbstractThis 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.