Post-pandemic Reconfiguration from Global to Domestic and Regional Value Chains: The Role of Industrial Policies

30 Pages Posted: 2 Sep 2021

See all articles by Stefano Elia

Stefano Elia

Polytechnic University of Milan - Dipartimento di Ingegneria Gestionale

Luciano Fratocchi

University of L’Aquila

Paolo Barbieri

University of Bologna - Department of Management

Albachiara Boffellid

University of Bergamo - Department of Management, Information and Production Engineering

Matteo Kalchschmidt

University of Bergamo - SIGE Sezione di Ingegneria Gestionale

Date Written: August 31, 2021

Abstract

The COVID-19 pandemic is expected to trigger a reconfiguration of global value chains according to four alternative trajectories: reshoring, regionalization, replication and diversification. This paper focuses on the first two scenarios. On the basis of a review of the extant reshoring literature and policies implemented in several major developed and emerging economies, we present a comprehensive framework to classify and analyse the evolution of such policies before and after the pandemic. The paper develops some policy recommendations suggesting that reshoring policies need to be supported by and combined with industrial policies enforcing the competitiveness and sustainability of production systems.

Keywords: COVID-19, global value chains, reconfiguration, back-shoring, nearshoring, industrial policy, reshoring

JEL Classification: F23, M16, O25, R58

Suggested Citation

elia, stefano and Fratocchi, Luciano and Barbieri, Paolo and Boffellid, Albachiara and Kalchschmidt, Matteo, Post-pandemic Reconfiguration from Global to Domestic and Regional Value Chains: The Role of Industrial Policies (August 31, 2021). Transnational Corporations Journal, Vol. 28, No. 2, 2021, Available at SSRN: https://ssrn.com/abstract=3915150

Stefano Elia

Polytechnic University of Milan - Dipartimento di Ingegneria Gestionale ( email )

Piazza Leonardo da Vinci, 32
Milano, 20133
Italy

Luciano Fratocchi (Contact Author)

University of L’Aquila ( email )

Località Monteluco di Roio, 67040
L’Aquila
Italy

Paolo Barbieri

University of Bologna - Department of Management ( email )

Piazza Scaravilli 1
Bologna, Bologna 40126
Italy

Albachiara Boffellid

University of Bergamo - Department of Management, Information and Production Engineering

Via Salvecchio, 19
Bergamo, 24129
Italy

Matteo Kalchschmidt

University of Bergamo - SIGE Sezione di Ingegneria Gestionale ( email )

Via Marconi 5
24044 Dalmine, Bergamo
Italy

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