The 2020 Covid-19 pandemic and global value chains

Author:

Strange RogerORCID

Abstract

AbstractThis 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.

Publisher

Springer Science and Business Media LLC

Subject

General Economics, Econometrics and Finance,General Business, Management and Accounting,Business and International Management,Economics and Econometrics

Reference18 articles.

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5. Dunning, J. H., & Lundan, S. M. (2008). Multinational enterprises and the global economy (2nd ed.). Cheltenham: Edward Elgar.

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