Sangeeta Khorana
The changing contours of global value chains post-COVID: Evidence from the Commonwealth
Khorana, Sangeeta; Escaith, Hubert; Ali, Salamat; Kumari, Sushma; Do, Quynh
Authors
Hubert Escaith
Salamat Ali
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/ |
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