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1.12.2020 22

A few reasons why the Covid crisis may lead to less deglobalisation than thought

Published December 1, 2020

5 to 10 minutes

5 to 10 minutes

SUMMARY


It is a widespread view that the Covid crisis will accelerate trade deglobalisation, including through industrial reshoring and shorter value chains. However, the most likely scenario is more complex, as trade in services may grow even more globalised, while the reshoring of manufacturing activities may run into a number of practical, yet also political, obstacles.

 

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