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Has COVID-19 Broken the Global Value Chain?

The pandemic has not only disrupted lives and businesses the world over, it has illuminated underlying fragilities in global value chains (GVC), which are divided among multiple firms and geographies.  In a new paper, Laura Alfaro and Ester Faia explore the unraveling of GVCs and related disruptions to money flows caused by the coronavirus. Their paper is titled Pandemics Fragilities: The Double-Coincidence of a Halt in Hyper-specialized GVC and the Big-Dollar-Hunger (pdf).

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