Integration in global value chains might not increase exposure to risk after all
Environmental, political, economic, and health disruptions in recent years have helped fuel concerns that too much interdependence through global value chains may be a problem. This column compares the relative effects of a domestic demand shock to those of a global value chain-related shock and concludes that engagement in global value chains allows unexpected shocks to
Gvcs Ferrari Journal Of International Economics Production Networks Propagation Of Idiosyncratic Shocks In Production Networks World Bank World Integrated Trade Solutions
Source: voxeu.org