Smart Economic Planning and Industrial Policy (SEPIP) Conference: the Industrial Outlook and Policies after Covid-19 Pandemic
- Gül Unal
The COVID-19 crisis has amplified profound fault lines in the functioning of global value chains (GVCs), and in the global economy more in general, starkly exposing the fragility of the current porduction model and the divisions and inequalities of the world we live in. Global annual growth this year might fall by 4.3 percentage points according to the UNCTAD’s latest projections and economies in all regions of the world will shrink. All at a time when timely production of critical products is more important than ever, amid a pandemic that has locked down vast parts of the planet and limited economic activities in an unprecedented way.