The 2020 Covid-19 pandemic and global value chains

Strange, Roger (2020) The 2020 Covid-19 pandemic and global value chains. Journal of Industrial and Business Economics, 47. ISSN 0391-2078

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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.

Item Type: Article
Keywords: Covid-19 virus, pandemic, global value chains, resilience, location, governance
Schools and Departments: University of Sussex Business School > Strategy and Marketing
SWORD Depositor: Mx Elements Account
Depositing User: Mx Elements Account
Date Deposited: 13 Jul 2020 07:19
Last Modified: 13 Jul 2020 07:30
URI: http://sro.sussex.ac.uk/id/eprint/92488

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