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The COVID-19 pandemic has challenged global economies with unparalleled negative shock. Asia and Latin America have gone through a number of financial crises in the last few decades but they have addressed those crises rather differently, leading to different growth trajectories after the...
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As countries and firms increasingly seek ways to strengthen the resilience of their supply chains, this paper studies … the global economic costs of a decoupling of global supply chains along geopolitical lines as well as in strategic sectors … across factors of production and input goods. We find that, in terms of welfare losses, the costs of decoupling are roughly …
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