Pandemic, Climate Mitigation, and Reshoring Impacts of a Changing Global Economy on Trade, Incomes, and Poverty

The resilience of global value chains has been put to the test by the COVID-19 pandemic, extreme weather events, and trade tensions spurred by growing economic nationalism and protectionism. Shocks in production and trade can be transmitted from one country to another by global value chains, althoug...

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Bibliographic Details
Main Author: Chepeliev, Maksym
Other Authors: Van Der Mensbrugghe, Dominique, Osorio-Rodarte, Israel, Seara E Pereira, Maria Filipa
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2022
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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245 0 0 |a Pandemic, Climate Mitigation, and Reshoring  |h Elektronische Ressource  |b Impacts of a Changing Global Economy on Trade, Incomes, and Poverty  |c Maksym Chepeliev 
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300 |a 55 pages 
653 |a International Trade and Trade Rules 
653 |a Regional and Global Value Chains 
653 |a Environment 
653 |a Barrier To Import 
653 |a Inequality 
653 |a Poverty Reduction 
653 |a Extreme Weather Event 
653 |a International Economics and Trade 
653 |a Real Income 
653 |a Climate Change Mitigation and Green House Gases 
653 |a Carbon Emission Reduction 
700 1 |a Van Der Mensbrugghe, Dominique 
700 1 |a Osorio-Rodarte, Israel 
700 1 |a Seara E Pereira, Maria Filipa 
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520 |a The resilience of global value chains has been put to the test by the COVID-19 pandemic, extreme weather events, and trade tensions spurred by growing economic nationalism and protectionism. Shocks in production and trade can be transmitted from one country to another by global value chains, although they can also help to lessen the blow of a domestic shock, such as a lockdown, and drive economic recovery. What shocks to global value chains should be anticipated in the coming years Is it possible to design policies that can enhance resilience to trade shocks in developing countries without endangering growth This paper explores simulations from the ENVISAGE global computable general equilibrium model to enhance understanding of the potential longer-term impacts of COVID-19 and the policy responses it engenders in developing countries. The paper assesses the likely impacts of measures designed to reshore production and reduce reliance on imports. It also evaluates other key factors shaping the global economy, including stylized scenarios to capture the essential elements of policies to achieve carbon emission reductions that will have an impact on trade