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The changing contours of global value chains post-COVID: Evidence from the Commonwealth.

Khorana, S., Escaith, H., Ali, S., Kumari, S. and Do, Q., 2022. The changing contours of global value chains post-COVID: Evidence from the Commonwealth. Journal of Business Research, 153 (December), 75-86.

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JOBR-D-21-02432_R3_BURO.pdf - Accepted Version
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DOI: 10.1016/j.jbusres.2022.07.044


The COVID-19 pandemic emphasised the global value chains (GVCs) debate by focussing on whether gains from GVC participation outweigh firms associated risks of demand and supply shocks amid rising protectionism. This paper bridges the gap between the international trade and management literature by examining the impact of COVID-19 on Commonwealth countries, an area that has received scant attention in academic literature. Using the Eora database, we simulate scenarios to examine Commonwealth countries’ participation in GVCs post-COVID. We draw on the transaction cost economics (TCE) theory to develop a framework that investigates whether growing protectionism, associated with reshoring, decoupling and nearshoring, could potentially affect the constellation and participation of Commonwealth countries in GVCs post-COVID. Results show that trade protectionism is likely to impact the supply chains and lead to GVC reconfiguration, which could offer opportunities for the Commonwealth countries and firms to potentially gain following the geographical redistribution of suppliers.

Item Type:Article
Uncontrolled Keywords:COVID-19; Commonwealth; Decoupling; Global value chains; Protectionism; Reshoring
Group:Bournemouth University Business School
ID Code:37731
Deposited By: Symplectic RT2
Deposited On:31 Oct 2022 11:34
Last Modified:18 Feb 2024 01:08


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