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Global Supply Chains and the EU in the Pandemic Era

Author

Listed:
  • Lorenzo Esposito

    (Bank of Italy and Economic Policy Department, Università Cattolica del Sacro Cuore, Milan)

  • Giuseppe Mastromatteo

    (Economic Policy Department, Università Cattolica del Sacro Cuore, Milan)

Abstract

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.

Suggested Citation

  • Lorenzo Esposito & Giuseppe Mastromatteo, 2022. "Global Supply Chains and the EU in the Pandemic Era," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 130(4), pages 363-382.
    • Handle: RePEc:vep:journl:y:2022:v:130:i:4:p:363-382
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    More about this item

    Keywords

    Pandemic; Global supply chain; Reshoring; Contagion; Trade wars;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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