This article considers how policymakers should react to the disruption of Global Value Chains, which became dramatically evident during the pandemic. It argues that repeated shocks to GVCs, as seen in recent years, are not purely random and disjointed events. They are the result of fundamental shifts in the geopolitical environment, global economy, and climate.
School Authors: Christoph Bertram, Gokul Iyer
Other Authors: Isabela S. Tagomori, Fabio A. Diuana, Luiz Bernardo Baptista, Ioannis Dafnomilis, Laurent Drouet, Florian Fosse, Dimitris Fragkiadakis, Oliver Fricko, Elena Hooijschuur, Jarmo S. Kikstra, Volker Krey, Gunnar Luderer, Yang Ou, Lara Aleluia Reis, Oliver Richters, Pedro R. R. Rochedo, Zoi Vrontisi, Matthias Weitzel, Matthew Zwerling, Bas van Ruijven, Roberto Schaeffer, Detlef van Vuuren