Tag: Resilience

Resilience in Services Value Chains

| 15 February 2022
Trade, Blog | Tags: Global Value Chains, Resilience, Services Trade
COVID-19 has triggered a new debate on the resilience of global value chains (GVCs) and risks associated with international production (Bonadio et al., 2020; Miroudot, 2020a). Most of this debate focuses on manufacturing and shortages of goods such as face masks or semi-conductors. This is ... continue reading

“If Something Cannot Go on Forever, It Will Stop“

| 1 April 2021
Fiscal, Monetary, Policy Briefs | Tags: Covid-19, Debt, Democracy, Environment, Financial Stability, Health Systems, Inequality, International Cooperation, Resilience
“If something cannot go on forever, it will stop.” This famous observation was made by Herb Stein, Senior Fellow at the American Enterprise Institute. It became famous largely because it was just that, obvious. Yet, what is no less obvious is that public policy is ... continue reading