Reshaping Global Value Chains in Light of COVID-19
Implications for Trade and Poverty Reduction in Developing Countries
P
Paul Brenton M
Michael J. Ferrantino M
Maryla MaliszewskaThe COVID-19 pandemic provides a unique event demonstrating the risks associated with global value chains as well as ways in which they are a source of resilience in trade. Efforts to reshore production would make all countries worse off and increase the number of people in extreme poverty.
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