A partnership with academia

Building knowledge for trade and development

NEWS

1

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.

To face Covid-19 and prepare for the post Covid-19 world, it is now key to define the rules that will limit the damage to the existing supply chains and, more importantly, using this opportunity to rebuild them better and in a fairer way, increasing what developing countries stand to gain. In order to do so, governments need firms to internalize the various externalities and spillovers that their investment and innovation decisions produce for the communities and societies where they operate, by introducing explicit regulatory and governance frameworks.

It is also of critical importance enacting innovative strategies and policies able tackle the creation of good jobs directly and attenuate long standing distributive problems within and across countries. Diversify away from traditional tasks and activities will be crucial in this respect. The narrow focus on manufacturing must give way to more emphasis on new sectors like the creative and digital economy. Furthermore, strengthening regional value chains should be a priority for developing countries to diversify risk, reduce vulnerability, increase resilience and foster industrial development.

In this challenging scenario, the OSTİM Technical University, with the cooperation of UNCTAD and other international partners, is organizing the Smart Economic Planning and Industrial Policy (SEPIP) Conference, dedicated this year to discuss the Industrial Outlook and Policies after Covid-19 Pandemic. The conference will be held between the 13th and the 15th October 2020 in Ankara (and on an online platform) and will convey leading academicians, researchers, practitioners, regulators and policy makers from several countries.

Detailed information about the conference are available at www.sepip.org and sepip2020.ostimteknik.edu.tr.

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