首页|The Impact of COVID-19 on Global Value Chains and Its Policy Implications
The Impact of COVID-19 on Global Value Chains and Its Policy Implications
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NETL
NSTL
万方数据
An important way for COVID-19 to comprehensively and significantly impact the global economy is for it to interrupt or destroy global value chains,mainly by affecting trading in intermedi-ate goods among various countries,specifically including the"linkage","bullwhip",and"binary marginal"effects.In the short term,COVID-19 will impact production,industries and countries with different global value chain characteristics to different extents,with its maximum influence on coun-tries at the core of regional value chains.In the medium and long term,the"domestic"trend of val-ue chains may reappear or intensify as a result of the pandemic.When faced with COVID-19,peo-ple have continually realized that the partial interruption or collapse of global value chains will soon result in the failure of the entire production system.Therefore,in the future,new solutions regard-ing global value chain management must be pursued by considering both efficiency and safety.
NETL
NSTL
万方数据
