The COVID-19 crisis has dealt a harder blow to globalization than the global economic crash of 2008. Difficulties encountered by numerous states to urgently supply sanitary equipment on one hand and by companies whose supply chains stalled during lockdowns on the other may lead to shorter value chains in certain sectors and more generally a re-pricing of risks (“precautionism”) that could reconfigure globalization.
Rethinking global production chains, some of which have proven to be environmentally unsustainable, strategically unstable, or socially unjust, is an enormous challenge. This session will discuss how to correct the excesses of globalization without falling into the trap of new forms of protectionism.