Strange (2020) Covid19 & GVCs.pdf (582.01 kB)
The 2020 Covid-19 pandemic and global value chains
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.
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- Published
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- Published version
Journal
Journal of Industrial and Business EconomicsISSN
0391-2078Publisher
Associazione Amici di Economia e Politica IndustrialeExternal DOI
Volume
47Department affiliated with
- Strategy and Marketing Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2020-07-13First Open Access (FOA) Date
2020-07-13First Compliant Deposit (FCD) Date
2020-07-10Usage metrics
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