Covid-19 turned the world upside down. Globalisation is no longer seen as a force for good but a source of uncertainty. The second wave of Covid-19 has reignited discussions among political leaders about re-shoring of production in the interests of their population. But is re-shoring the right way to deal with the pandemic, and what are the alternatives? When uncertainty hits, we recommend pushing the pause button and reflect on the policy choices and their consequences during the first wave.
In this episode, Oscar Guinea talks to Maria Sokolova – a Geneva-based trade expert and a consultant for the United Nations on International Trade – about value chains and the winners and losers of re-shoring and import diversification, and what are the economic and development aspects of such policy choices.
This podcast is part of ECIPE New Globalisation project where ECIPE fellows and others contribute to the debate on the world economy and globalisation after Covid-19.