Deglobalization, Reconfiguration, or Business as Usual? COVID-19 and the limits of reshoring of globalized production

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dc.contributor.authorButollo, Florian
dc.contributor.authorStaritz, Cornelia
dc.date.accessioned2023-08-29T13:47:45Z
dc.date.available2023-08-29T13:47:45Z
dc.date.issued2022
dc.description.abstractThe COVID-19 pandemic has seemingly reinforced the need for geographic restructuring and a rehoring of production, as it has demonstrated the vulnerability of globalized production. This article provides an assessment of the impact of COVID-19 on the geographies of production, looking particularly at developments in the automotive, electronics, and clothing industries. Criticizing overly simplified prospects for deglobalization, we argue that the COVID-19 pandemic cannot be interpreted as a trigger for a general retreat from global manufacturing but rather as an event that is reinforcing long-standing shifts toward more multipolar production and consumption. While the issue of global production network resilience has attracted great attention in corporate strategies and industrial policies, re- or nearshoring of production networks is only one of several strategies and it has hardly been implemented so far. Ongoing disruptions and, above all, geoeconomically/-politically and environmentally motivated policies could well lead to a shift in investment and sourcing patterns. Political efforts in this direction are, however, limited by pre-existing global economic development paths and the balance of power associated with them.en
dc.description.sponsorshipThis work has been funded by the Federal Ministry of Education and Research of Germany (BMBF) (grant no.: 16DII111, 16DII112, 16DII113, 16DII114, 16DII115, 16DII116, 16DII117 – „Deutsches Internet-Institut“)
dc.identifier.citationButollo, F., & Staritz, C. (2022). Deglobalization, Reconfiguration, or Business as Usual? COVID-19 and the limits of reshoring of globalized production (Weizenbaum Series, 30). Weizenbaum Institute. https://doi.org/10.34669/WI.WS/30
dc.identifier.doihttps://doi.org/10.34669/wi.ws/30
dc.identifier.eissn2748-5587
dc.identifier.urihttps://www.weizenbaum-library.de/handle/id/138
dc.identifier.zdb3064032-5
dc.language.isoeng
dc.publisherWeizenbaum Institute
dc.relation.ispartofseriesWeizenbaum Series
dc.rightsopen access
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectEconomicsen
dc.subjectManufacturingen
dc.subjectNational Economyen
dc.subjectEconomic Policyen
dc.subjectvulnerabilityen
dc.subjectindustrial productionen
dc.subjectGreat Depressionen
dc.subjectdigitalizationen
dc.subjectglobalizationen
dc.subjectindustrial policyen
dc.subjecttrade policyen
dc.subjectstructural changeen
dc.subjectWirtschaftde
dc.subjectCOVID-19de
dc.subjectCorona pandemicde
dc.subjectProduktion, Fertigungde
dc.subjectWirtschaftspolitikde
dc.subjectVolkswirtschaftstheoriede
dc.subjectDigitalisierungde
dc.subjectIndustrieproduktionde
dc.subjectGlobalisierungde
dc.subjectIndustriepolitikde
dc.subjectWeltwirtschaftskrisede
dc.subjectVulnerabilitätde
dc.subjectStrukturwandelde
dc.subjectHandelspolitikde
dc.subject.ddc330 Wirtschaft
dc.subject.ddc610 Medizin, Gesundheit
dc.titleDeglobalization, Reconfiguration, or Business as Usual? COVID-19 and the limits of reshoring of globalized production
dc.typeWorkingPaper
dc.type.statuspublishedVersion
dcmi.typeText
dcterms.bibliographicCitation.originalpublisherplaceBerlin
dcterms.bibliographicCitation.volume30
local.researchgroupArbeiten mit Künstlicher Intelligenz
local.researchtopicOrganisation von Wissen
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