Date: 2020
Type: Contribution to book
COVID-19 : expanding access to essential supplies in a value chain world
Richard E. BALDWIN and Simon J. EVENETT (eds), COVID-19 and trade policy : why turning inward won’t work, London : CEPR Press, 2020, pp. 63-76
FIORINI, Matteo, HOEKMAN, Bernard M., YILDIRIM, Aydin, COVID-19 : expanding access to essential supplies in a value chain world, in Richard E. BALDWIN and Simon J. EVENETT (eds), COVID-19 and trade policy : why turning inward won’t work, London : CEPR Press, 2020, pp. 63-76
- https://hdl.handle.net/1814/66955
Retrieved from Cadmus, EUI Research Repository
Some governments have responded to shortages of medical supplies by imposing export controls and requisitioning domestic suppliers. This chapter examines several recent examples where restrictions and confiscations actually made it harder, not easier, to get vital equipment to healthcare professionals. The authors argue that such policies have and will continue to backfire because they impede the operation of international supply chains that are today a critical element of all nations’ manufacturing capacity. One policy lesson is that governments should work with industry to put in place systems to identify and address supply-chain bottlenecks that affect production and trade in essential equipment.
Cadmus permanent link: https://hdl.handle.net/1814/66955
ISBN: 9781912179305
Publisher: CEPR Press
Keyword(s): Covid-19 COVID-19 Coronavirus Supply chain Export controls
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