Global Value Chains in the Post-pandemic World
Covid-19, global supply disruptions and the subsequent worldwide economic recession has impacted the global value chains. How will global value chains look like in the post-pandemic world? The future developments will create opportunities for transition economies e.g., in the Western Balkans. Companies from Western Europe, who are traditionally the most important provider of FDI in the region, are less and less inclined to look outside the continent which gives the geographically closer regions a competitive advantage. Read more about how the Western Balkans can foster the potential of nearshoring in the article of The Vienna Institute for International Economic Studies.