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The changing contours of global value chains post-COVID: Evidence from the Commonwealth

Khorana, Sangeeta; Escaith, Hubert; Ali, Salamat; Kumari, Sushma; Do, Quynh

Authors

Sangeeta Khorana

Hubert Escaith

Salamat Ali

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Dr. Sushma Kumari S.Kumari@hull.ac.uk
Senior Lecturer and Programme Director- MSc Logistics and Supply Chain Management and Education Lead Logistics and Supply Chain Management

Quynh Do



Abstract

The COVID-19 pandemic emphasised the global value chains (GVCs) debate by focussing on whether gains from GVC participation outweigh firms associated risks of demand and supply shocks amid rising protectionism. This paper bridges the gap between the international trade and management literature by examining the impact of COVID-19 on Commonwealth countries, an area that has received scant attention in academic literature. Using the Eora database, we simulate scenarios to examine Commonwealth countries’ participation in GVCs post-COVID. We draw on the transaction cost economics (TCE) theory to develop a framework that investigates whether growing protectionism, associated with reshoring, decoupling and nearshoring, could potentially affect the constellation and participation of Commonwealth countries in GVCs post-COVID. Results show that trade protectionism is likely to impact the supply chains and lead to GVC reconfiguration, which could offer opportunities for the Commonwealth countries and firms to potentially gain following the geographical redistribution of suppliers.

Citation

Khorana, S., Escaith, H., Ali, S., Kumari, S., & Do, Q. (2022). The changing contours of global value chains post-COVID: Evidence from the Commonwealth. Journal of business research, 153, 75-86. https://doi.org/10.1016/j.jbusres.2022.07.044

Journal Article Type Article
Acceptance Date Jul 22, 2022
Online Publication Date Aug 18, 2022
Publication Date 2022-12
Deposit Date Oct 27, 2022
Journal Journal of Business Research
Print ISSN 0148-2963
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 153
Pages 75-86
DOI https://doi.org/10.1016/j.jbusres.2022.07.044
Keywords COVID-19; Commonwealth; Reshoring; Decoupling; Global value chains; Protectionism
Public URL https://hull-repository.worktribe.com/output/4069329
Related Public URLs https://eprints.lancs.ac.uk/id/eprint/176521/