Reshaping Global Value Chains in Light of COVID-19 : Implications for Trade and Poverty Reduction in Developing Countries

Front Cover -- Contents -- Foreword -- Acknowledgments -- About the Authors -- Abbreviations -- Main Messages -- Lessons from the COVID-19 pandemic for global value chains -- Measures for managing a crisis and the recovery -- Main policy messages -- References -- 1 Introduction and Overview -- Experience from historical shocks -- Scope and depth of the COVID-19 shock -- Econometric evidence -- Responses of firms and governments to supply chain shocks -- Measures to maintain and enhance trade -- Emerging climate change policies -- Integration into the global economy and GVC participation remain key -- Note -- References -- 2 Lessons from Historical Shocks to GVCs -- Key messages -- Introduction -- GVCs and the impact of shocks on trade -- Impacts at the intensive and the extensive margins -- Export survival -- Network analysis -- Conclusions -- Notes -- References -- 3 The COVID-19 Crisis and Trade Outcomes: A Review and Analysis of Major Trade Trends -- Key messages -- Introduction -- Trends in trade and GDP -- Short-term trade and GVC effects of the pandemic -- Annex 3A Empirical strategy used to assess the short-term impact of COVID-19 on trade and GVCs -- Notes -- References -- 4 Responses of Firms and Governments to Supply Chain Shocks Surrounding COVID-19 -- Key messages -- Introduction -- Traditional supply chain management and its limitations -- Issues revealed by COVID-19 -- Firm-level adaptations in 2020 -- Private sector views of the transition -- Government responses to supply chain issues during COVID-19 -- Issues with the recovery: Containers, semiconductors, and overlapping shocks -- Notes -- References -- 5 The Key to COVID-19 Recovery and Poverty Alleviation: Globalization, Not Localization -- Key messages -- Introduction -- Methodological framework and scenarios: Using data and tools to find answers.