| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16672 |
| DP16672 Risks and global supply chains: What we know and what we need to know | |
| Richard Baldwin; Rebecca Freeman | |
| 发表日期 | 2021-10-28 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the top of policy agendas and created the impression that shortages would have been less severe if GSCs were either shorter and more domestic, or more diversified. But is this right? We start our answer by reviewing studies that look at risks to and from GSCs, and how GSCs have recovered from past shocks. We then look at whether GSCs are too risky starting with business research on how firms approach the cost-resiliency trade-off. We propose the risk-versus-reward framework from portfolio theory as a good way to evaluate whether anti-risk policy is justified. We then discuss how exposures to foreign shocks are measured and argue that exposure is higher than direct indicators imply. Finally, we consider the future of GSCs in light of current policy proposals and advancing technology before pointing to the rich menu of topics for future research on the risk-GSC nexus. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Risk Resilience Supply chains Gvcs Input reliance Globalization |
| URL | https://cepr.org/publications/dp16672 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545610 |
| 推荐引用方式 GB/T 7714 | Richard Baldwin,Rebecca Freeman. DP16672 Risks and global supply chains: What we know and what we need to know. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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