UNIDO Published an Opinion Piece on GVC Impact of COVID-19 in Cooperation with KCG
The outbreak and spread of the COVID-19 damages the global health and challenges the world economy. One key aspect here is the global value chains which have been extensively developed since decades. Experts from the United Nations Industrial Development Organisation (UNIDO) and the Kiel Centre for Globalization (KCG) at the Kiel Institute for the World Economy (IfW) recently published an opinion piece to share with the public their view on how the COVID-19 pandemic has disrupted the global value chains since its outbreak in Wuhan (China) in December 2019.
The authors, Dr. Adnan Seric (UNIDO & KCG), Prof. Holger Görg, Ph.D. (KCG & IfW), Saskia Mösle (KCG & IfW), and Michael Windisch (UNIDO), show that “COVID-19 has struck at the core of global value chains hub regions, including China, Europe and the US. The pandemic has severe implications for international production networks and may leave its legacy for years to come.” They also emphasise the key role of multilateral approaches and coordinated policies for best tackling the pandemic and managing the related economic and societal challenges globally.
The article “Seric, A., Görg, H., Mösle S., and Windisch, M. (2020), Managing COVID-19: How the Pandemic Disrupts Global Value Chains” belongs to a series of articles by the UNIDO’s Department of Policy Research and Statistics and is available here.