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Are Global Value Chains Changing?

Author

Listed:
  • Ali-Yrkkö, Jyrki
  • Hirvonen, Johannes
  • Pajarinen, Mika
Abstract
According to a company survey, global value chains are changing. Even though big changes were expected during the Covid period, the actual changes were quite small at the time. Instead, after the early 2022, more obvious change has already been in the sourcing of materials and parts. They are sourced from more countries than before. However, at least so far, at the aggregate level we do not observe that companies have directed their purchases to the home country more than before. In any case, the disruptions experienced in global value chains have shown that their functionality is no longer taken for granted.

Suggested Citation

  • Ali-Yrkkö, Jyrki & Hirvonen, Johannes & Pajarinen, Mika, 2023. "Are Global Value Chains Changing?," ETLA Reports 135, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:report:135
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    File URL: https://www.etla.fi/wp-content/uploads/ETLA-Raportit-Reports-135.pdf
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    More about this item

    Keywords

    Value chain; Global; Globalization; Supply chain; Company; Imports; Change; GVC;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production

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