Regional value chains hold key to future1 min read . Updated: 03 Sep 2020, 09:03 AM IST
The pandemic could accelerate the shift from global value chains to regional ones, a UNCTAD paper says
Covid-19 has pulled the brakes on economic globalization and has disrupted global production. But technology and policy forces were challenging these systems even before the pandemic. The changing reality could steer the world economy towards more regional, shorter value chains in the new decade, argues a UN paper.
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