Global Supply Chains and the EU in the Pandemic Era

newdigital Global Supply Chains and the EU in the Pandemic Era

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Fascicle

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2022 - 4

Title

Global Supply Chains and the EU in the Pandemic Era

Authors

Lorenzo Esposito, Giuseppe Mastromatteo

Publisher

Vita e Pensiero

Format

Article |

Pdf

Online from

03-2023

Doi

10.26350/000518_000104

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

The Covid-19 pandemic had already changed the course of world history, opening up a number of scientific and political debates, when the war in Ukraine erupted. With the help of a broad literature, we go into depth about how much these events will influence the reshoring process that was already under way before the pandemic, and more generally the development of global supply chains (GSCs), especially in the EU. We discuss the definition, the data and the main sources of the reshoring process and how they will mix with the new situation to favour politically influenced and more regional supply chains. Finally, we debate the alternatives that policymakers face, concluding that trade wars will be fiercer and more frequent in a period of decoupling among economic blocks.

keywords

Pandemic, Global supply chain, Reshoring, Contagion, Trade wars.

Authors biography

Lorenzo Esposito, Bank of Italy and Economic Policy Department, Università Cattolica del Sacro Cuore, Milan. Email: lorenzo.esposito@unicatt.it.
Giuseppe Mastromatteo, Economic Policy Department, Università Cattolica del Sacro Cuore, Milan. Email: giuseppe.mastromatteo@unicatt.it.