Policy Article

Die Folgen von Covid-19 für die Globalisierung

Authors

  • Gabriel Felbermayr
  • Holger Görg
Publication Date

This essay discusses the economic implications of the Covid-19 pandemic, paying particular attention to the international trade dimension of the problem. Based on the observation that globalisation has slowed down considerably in the last ten years, the essay describes how the Covid-19 pandemic affects China - the heart of many global value chains - and what implications this has for other countries in the chain - especially Germany. It also discusses whether and how globalisation can be made more resilient. The essay concludes with economic policy recommendations.

Kiel Institute Expert

Info

JEL Classification
F60, F50, I18
DOI
10.1515/pwp-2020-0025

Key Words

  • COVID19
  • Global supply chains
  • globalization
  • International Division of Labor
  • trade