Global Value Chains in Light of COVID-19

19-05-2022
Author(s): Paul Brenton, Michael J. Ferrantino, Maryla Maliszewska
Publication Number: ECES-SB192
Issued in: 2022

Disruptions to global value chains due to the COVID-19 pandemic have reinforced calls for greater self-sufficiency and reshoring of production. New World Bank research, however, shows that reshoring would be counterproductive and could contribute to a significant rise in global poverty. Instead, this report finds, that greater economic integration and strengthening of GVCs can spur resilient economic growth.