Pandemic, Climate Mitigation, and Reshoring : Impacts of a Changing Global Economy on Trade, Incomes, and Poverty
The resilience of global value chains has been put to the test by the COVID-19 pandemic, extreme weather events, and trade tensions spurred by growing economic nationalism and protectionism. Shocks in production and trade can be transmitted from on...
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Washington, DC: World Bank
2022
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| Online Access: | http://documents.worldbank.org/curated/en/830271646338349240/Pandemic-Climate-Mitigation-and-Reshoring-Impacts-of-a-Changing-Global-Economy-on-Trade-Incomes-and-Poverty http://hdl.handle.net/10986/37105 |
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okr-10986-371052022-03-14T20:27:42Z Pandemic, Climate Mitigation, and Reshoring : Impacts of a Changing Global Economy on Trade, Incomes, and Poverty Chepeliev, Maksym Maliszewska, Maryla Osorio-Rodarte, Israel Seara E Pereira, Maria Filipa Van Der Mensbrugghe, Dominique REAL INCOME REGIONAL AND GLOBAL VALUE CHAINS BARRIER TO IMPORT EXTREME WEATHER EVENT CARBON EMISSION REDUCTION The resilience of global value chains has been put to the test by the COVID-19 pandemic, extreme weather events, and trade tensions spurred by growing economic nationalism and protectionism. Shocks in production and trade can be transmitted from one country to another by global value chains, although they can also help to lessen the blow of a domestic shock, such as a lockdown, and drive economic recovery. What shocks to global value chains should be anticipated in the coming years Is it possible to design policies that can enhance resilience to trade shocks in developing countries without endangering growth This paper explores simulations from the ENVISAGE global computable general equilibrium model to enhance understanding of the potential longer-term impacts of COVID-19 and the policy responses it engenders in developing countries. The paper assesses the likely impacts of measures designed to reshore production and reduce reliance on imports. It also evaluates other key factors shaping the global economy, including stylized scenarios to capture the essential elements of policies to achieve carbon emission reductions that will have an impact on trade. 2022-03-09T18:40:14Z 2022-03-09T18:40:14Z 2022-03-03 Working Paper http://documents.worldbank.org/curated/en/830271646338349240/Pandemic-Climate-Mitigation-and-Reshoring-Impacts-of-a-Changing-Global-Economy-on-Trade-Incomes-and-Poverty http://hdl.handle.net/10986/37105 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
REAL INCOME REGIONAL AND GLOBAL VALUE CHAINS BARRIER TO IMPORT EXTREME WEATHER EVENT CARBON EMISSION REDUCTION |
| spellingShingle |
REAL INCOME REGIONAL AND GLOBAL VALUE CHAINS BARRIER TO IMPORT EXTREME WEATHER EVENT CARBON EMISSION REDUCTION Chepeliev, Maksym Maliszewska, Maryla Osorio-Rodarte, Israel Seara E Pereira, Maria Filipa Van Der Mensbrugghe, Dominique Pandemic, Climate Mitigation, and Reshoring : Impacts of a Changing Global Economy on Trade, Incomes, and Poverty |
| description |
The resilience of global value chains
has been put to the test by the COVID-19 pandemic, extreme
weather events, and trade tensions spurred by growing
economic nationalism and protectionism. Shocks in production
and trade can be transmitted from one country to another by
global value chains, although they can also help to lessen
the blow of a domestic shock, such as a lockdown, and drive
economic recovery. What shocks to global value chains should
be anticipated in the coming years Is it possible to design
policies that can enhance resilience to trade shocks in
developing countries without endangering growth This paper
explores simulations from the ENVISAGE global computable
general equilibrium model to enhance understanding of the
potential longer-term impacts of COVID-19 and the policy
responses it engenders in developing countries. The paper
assesses the likely impacts of measures designed to reshore
production and reduce reliance on imports. It also evaluates
other key factors shaping the global economy, including
stylized scenarios to capture the essential elements of
policies to achieve carbon emission reductions that will
have an impact on trade. |
| format |
Working Paper |
| author |
Chepeliev, Maksym Maliszewska, Maryla Osorio-Rodarte, Israel Seara E Pereira, Maria Filipa Van Der Mensbrugghe, Dominique |
| author_facet |
Chepeliev, Maksym Maliszewska, Maryla Osorio-Rodarte, Israel Seara E Pereira, Maria Filipa Van Der Mensbrugghe, Dominique |
| author_sort |
Chepeliev, Maksym |
| title |
Pandemic, Climate Mitigation, and Reshoring : Impacts of a Changing Global Economy on Trade, Incomes, and Poverty |
| title_short |
Pandemic, Climate Mitigation, and Reshoring : Impacts of a Changing Global Economy on Trade, Incomes, and Poverty |
| title_full |
Pandemic, Climate Mitigation, and Reshoring : Impacts of a Changing Global Economy on Trade, Incomes, and Poverty |
| title_fullStr |
Pandemic, Climate Mitigation, and Reshoring : Impacts of a Changing Global Economy on Trade, Incomes, and Poverty |
| title_full_unstemmed |
Pandemic, Climate Mitigation, and Reshoring : Impacts of a Changing Global Economy on Trade, Incomes, and Poverty |
| title_sort |
pandemic, climate mitigation, and reshoring : impacts of a changing global economy on trade, incomes, and poverty |
| publisher |
Washington, DC: World Bank |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/830271646338349240/Pandemic-Climate-Mitigation-and-Reshoring-Impacts-of-a-Changing-Global-Economy-on-Trade-Incomes-and-Poverty http://hdl.handle.net/10986/37105 |
| _version_ |
1764486566795804672 |