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May
11
14:00

Global value chain reshuffling: From tight coupling to loose coupling?

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As the focus shifts from efficiency to resilience in global supply chains, what does this mean for China?

May 11, 2021, 2:00 pm Bruegel, Rue de la Charité 33, 1210 Brussels Public | On the Record Livestreamed Topic: Global Economics & Governance

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Global value chains have become a defining characteristic of modern trade flows. Since its entry into the World Trade Organisation in 2001, China has played an increasingly central role in supply chains globally. But a US-led trade war combined with the reduction of global trade flows during the COVID-19 pandemic has pushed companies to rethink the design and nature of their value chains.

Efficiency (and the resulting ‘tight coupling’) is beginning to be trumped by resilience (and an ensuing ‘loose coupling’) in building up global supply chains. Companies are diversifying their global sourcing. Will this lead to a reduction in China’s role in global supply chains? Will the costs of production rise?

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Schedule

May 11, 2021

14:00-15:00 CEST / 08:00-09:00 EST / 20:00-21:00 CST

Conversation

Erik Berglöf, Chief Economist, AIIB

Alicia García-Herrero, Senior Fellow

Kristy Tsun-Tzu Hsu, Director, Taiwan ASEAN Studies Center, Chung-Hua Institution for Economic Research

Speakers

Erik Berglöf

Chief Economist, AIIB

Alicia García-Herrero

Senior Fellow

Kristy Tsun-Tzu Hsu

Director, Taiwan ASEAN Studies Center, Chung-Hua Institution for Economic Research

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

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