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  1. The future of global value chains and the role of the WTO
    Author: Dadush, Uri
    Published: 2 August 2022
    Publisher:  World Trade Organization, Economic Research and Statistics Division, [Geneva]

    Disruptions to global value chains (GVCs) - caused by conflicts, natural disasters, and accidents that close transport routes - and that affect specific regions or sectors, are not unusual. However, in recent years and amid the Covid-19 pandemic,... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 122
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    Disruptions to global value chains (GVCs) - caused by conflicts, natural disasters, and accidents that close transport routes - and that affect specific regions or sectors, are not unusual. However, in recent years and amid the Covid-19 pandemic, they have become more frequent and severe. High profile, sizeable, and repeated disruptions raise pressing questions: Is the breakdown in many GVCs a temporary glitch, or a permanent phenomenon? Have GVCs become endemically more accident prone, and why? And if so, are firms going to rely less on them? If a sustained withdrawal from GVCs occurs, how will business models be reshaped, and what will be the consequences for growth and inflation? How will the global trading system be affected? In short, policymakers want to know, what is the future of GVCs? Persistent and severe GVC disruption is a recent phenomenon and hard data needed to analyze its consequences on trade and investment flows are still scarce. Given the available evidence, which is mainly conceptual and anecdotal, and the reigning uncertainty, the note suggests some pointers on how GVCs might evolve and how the WTO could respond.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/263141
    Edition: Manuscript date: April 2022
    Series: Staff working paper ; ERSD-2022, 11
    Subjects: global value chains; supply chain resilience; reshoring; WTO; globalization
    Scope: 1 Online-Ressource (circa 15 Seiten), Illustrationen
  2. Global value chain resilience and reshoring during Covid-19
    challenges in a post-covid world
    Author: Marvasi, Enrico
    Published: [2022]
    Publisher:  Dipartimento di Economia, Università degli Studi Roma Tre, Roma

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Dipartimento di economia Università degli studi Roma Tre ; no 271 (2022)
    Subjects: Global Value Chains; resilience; reshoring; Covid-19; Italy
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  3. The impact of robot adoption on global sourcing
    Author: Cilekoglu, Akin A.; Moreno, Rosina; Ramos, Raúl
    Published: April 2021
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper studies the impact of robot adoption on firms' global sourcing activities. Using a rich panel dataset of Spanish manufacturing firms, we show that robot adopting firms increased their intermediate input purchases from foreign and domestic... more

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    This paper studies the impact of robot adoption on firms' global sourcing activities. Using a rich panel dataset of Spanish manufacturing firms, we show that robot adopting firms increased their intermediate input purchases from foreign and domestic suppliers between 2006 and 2016. The effects of robots differ across sourcing strategies: the highest in foreign outsourcing and the lowest in foreign vertical integration. We find that robot adopters fragment their production further by reducing the concentration of purchases from suppliers and the increase in intermediate input purchases is related to quality upgrading to a certain extent. Marginal treatment effects estimates suggest that responses to adoption are heterogeneous: higher probability of adoption intensifies the effects on outsourcing and weakens the effects on vertical integration. In contrast to rising concerns over reshoring, our findings suggest that robots have yet promoted trade in intermediate inputs.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/236286
    Series: Discussion paper series / IZA ; no. 14255
    Subjects: robots; reshoring; trade; production fragmentation
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  4. Increasing security of supply for critical medical and pharmaceutical goods in the EU
    lessons from the COVID-19 pandemic
    Author: Grumiller, Jan; Grohs, Hannes
    Published: February 2021
    Publisher:  Austrian Foundation for Development Research - ÖFSE, Vienna

    This Briefing Paper examines the resilience of the medical product and pharmaceutical global value chains. Based on this assessment, policy recommendations are presented to increase supply security, including measures to improve the resilience of... more

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    This Briefing Paper examines the resilience of the medical product and pharmaceutical global value chains. Based on this assessment, policy recommendations are presented to increase supply security, including measures to improve the resilience of supply chains, and to expand stockpiling. We also highlight that industrial policy measures to promote reshoring should play a more important role, and that coordination on the EU-level is necessary. Given the large differences between products and supply chains within and between sectors, policies need to be tailored to specific products and product groups. Finally yet importantly, repercussions of EU policy on the Global South also need to be taken into account.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/231418
    Series: Briefing paper / Austrian Foundation for Development Research ; 29
    Subjects: supply chain resilience; reshoring; pharmaceuticals; medical products; COVID-19
    Scope: 1 Online-Ressource (circa 16 Seiten), Illustrationen
  5. Assessing regional production potential to strengthen the security of supply in strategic products
    Author: Firgo, Matthias; Gabelberger, Fabian; Reinstaller, Andreas; Wolfmayr, Yvonne
    Published: January 2024
    Publisher:  Österreichisches Institut für Wirtschaftsforschung, Wien

    Recent shocks to global value chains and geopolitical tensions have reignited the debate on domestic production of strategic goods and technologies. This paper proposes an analytical framework for identifying and prioritising activities and regions... more

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    Recent shocks to global value chains and geopolitical tensions have reignited the debate on domestic production of strategic goods and technologies. This paper proposes an analytical framework for identifying and prioritising activities and regions for potential reshoring policies combining methods from international, industrial and regional economics. Particularly, we assess import dependencies, potentials and risks for competitive domestic production, and evaluate the embeddedness of existing and potential production in cognitively and technologically related activities in a region. We highlight the relevance of this approach as a policy tool using industries manufacturing strategic products and regions in Austria as an example.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/283510
    Edition: Draft version
    Series: WIFO working papers ; 670 (2024)
    Subjects: Strategic products; reshoring; industrial policy; comparative advantage; import dependency; skill-relatedness
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  6. Reshoring, automation, and labor markets under trade uncertainty
    Author: Firooz, Hamid; Leduc, Sylvain; Liu, Zheng
    Published: [2024]
    Publisher:  Federal Reserve Bank of San Francisco, [San Francisco, CA]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: Working papers series / Federal Reserve Bank of San Francisco ; 2024, 16 (May 2024)
    Subjects: Offshoring; reshoring; automation; robots; uncertainty; unemployment; wages; productivity
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen