“How did Trade in GVC-based Products Respond to Previous Health Shocks? Lessons for COVID-19”, Anirudh Shingal and Prachi Agarwal (RSCAS-EUI, Italy)

Examines how trade in GVC-based products may have responded to two previous health shocks – SARS and MERS. The effects are driven by lower-middle-income importers that were more integrated in GVCs, received more investment, were more competitive and were more reliant on the severely affected partners. Predicts similar disruptions to GVC-trade from COVID-19, especially diversification away from China.

Read more here.