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What is the future of global value chains?
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The State of the Union Conference; 2021; Strategic Autonomy
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BALDWIN, Richard, BRETON, Thrierry, moderated by PAPACONSTANTINOU, George (Georgios), HOLLINGER, Peggy, What is the future of global value chains?, The State of the Union Conference, 2021, Strategic Autonomy - https://hdl.handle.net/1814/71458
Abstract
The development of complex and dense global value chains has represented the main characteristic of 21st industry globalisation, linking global firms, production, trade, investment with consumers in what has increasingly seemed like a borderless world. The COVID-19 pandemic has, however, disrupted and put into question this global value chains paradigm. Will “just in time” be replaced by “just in case”? Should the EU be repatriating production of critical activities and services? What does this imply for international trade and global governance?
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This contribution was delivered online on 7 May 2021 on the occasion of the hybrid 2021 edition of EUI State of the Union on ‘Europe in a Changing World'.