RT @christinemcdan: Localized supply chains are MORE —not less—vulnerable to shocks. @OECDeconomy Link
Adam Posen Tue 29 Jun 2021 17:45The policy debate on whether the gains from international specialisation in global value chains (GVCs) outweigh the associated risks of transmission of shocks has intensified in the aftermath of the COVID-19 outbreak and the resulting disruptions in supply chains of some manufacturing and medical products. Questions are even being asked whether governments should use policy tools to “re-localise” GVCs. This policy brief first identifies key potential sources of exposure to shocks in GVCs. Second, it uses the OECD’s global trade model to shed light on the consequences of a stylised re-localisation policy scenario, in terms of both economic efficiency and stability. In this scenario, countries are less exposed to foreign shocks, but they are also less efficient and less able to cushion shocks through trade. Quantitatively, the latter effect tends to dominate. The economic case for policy-induced reshoring of GVCs is therefore weak. There is nevertheless scope for international...
- RT @inumanak: Tuning in to the excellent launch panel for the #TradeExperettes @EconomistEvents Global Trade Virtual Week with @TradeEconom… Adam Posen Tue 29 Jun 2021 17:45
- RT @AdamPosen: Runaway house prices: the ‘winners and losers’ from the pandemic - Really good analysis @delphinestrauss @colbyLsmith @FT I… Adam Posen Tue 29 Jun 2021 15:25
- RT @AdamPosen: New important practical guide from @PIIE experts in international community dealing with autocratic regimes @cullenhendrix N… Adam Posen Tue 29 Jun 2021 15:25
- RT @AdamPosen: Important new research on reality of worker treatmemt in US by @annastansbury @PIIE Do US firms have an incentive to comply… Adam Posen Tue 29 Jun 2021 15:25
- RT @AdamPosen: Important new analysis from @melovely_max and Schott @PIIE on China-US tensions Weak foreign pushback long allowed unilatera… Adam Posen Tue 29 Jun 2021 15:25
- RT @AdamPosen: This is a big deal and very cool, the formal launch of @TradeExperettes in #globaltradevirtualweek Women experts on trade fr… Adam Posen Tue 29 Jun 2021 15:25
- RT @BloombergTV: Peterson Institute President Adam Posen says the U.S. is falling behind the curve, when it comes to taking action to slow… Adam Posen Tue 29 Jun 2021 15:25
- RT @scottlincicome: Great point. We embrace resource/industrial policy nationalism and then brazenly ask developing countries "WHO TAUGHT Y… Adam Posen Tue 29 Jun 2021 15:20
- RT @jonathanchait: Some far-right Republicans in Congress are fame-whores or buffoons. Gosar has a real goal: to bring the party right up t… Adam Posen Tue 29 Jun 2021 14:49
- RT @vplus: By the standards Sens Manchin & Sinema have set for federal action on voting rights, the 14th & 15th amendments to the Constitut… Adam Posen Tue 29 Jun 2021 14:34
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
- RT @mcopelov: There’s a reason other countries never look to 1787 ?? as their model for democratic political institutions anymore. It’s so… Adam Posen Tue 29 Jun 2021 14:24
- RT @davidjlynch: "If this economic crisis paralyzes the ability of state institutions to stand up crisis response, organize vaccination sup… Adam Posen Tue 29 Jun 2021 14:24
- RT @PIIE: The policy playbook to confront China may have been designed with Iran & North Korea in mind, but it's not empty. There are polic… Adam Posen Tue 29 Jun 2021 14:19
- RT @SimonWDC: Excited to be hosting what will be a spirited discussion of US economic, trade policy today at 1pm ET w/the brilliant @AdamPo… Adam Posen Tue 29 Jun 2021 13:19
- RT @inumanak: @AdamPosen @TradeEconomista @miamikic @TradeExperettes @MalmstromEU @Ailish_Campbell @DebraPS @StephHoneyTrade @MichelleEgan1… Adam Posen Tue 29 Jun 2021 13:09
- RT @TradeExperettes: Please help spread the word! Over the last year we’ve gotten a huge amount of requests about joining and supporting u… Adam Posen Tue 29 Jun 2021 12:49
- RT @DianeSwonk: “A dynamic labor market is one where the two sides negotiate over compensation…If jobless benefits allow people to be a lit… Adam Posen Tue 29 Jun 2021 12:49
- RT @MartaPaczos: Today @TradeExperettes are going out there to the world. Dear sisters working on all things trade - come and join to tap i… Adam Posen Tue 29 Jun 2021 12:49
- RT @TradeExperettes: Thank you for your support, @ChadBown ! You and @SoumayaKeynes have been super helpful and the support by @PIIE @Anjal… Adam Posen Tue 29 Jun 2021 12:44
- RT @ChorzempaMartin: Strong agree with Quarles' cautious take on CBDCs, which he does not think threaten the USD's international role anyti… Adam Posen Tue 29 Jun 2021 12:39
- RT @dreabulnes: Listening this great panel about a more inclusive trade ?? Thanks for this space! @TradeEconomista @MalmstromEU @AdamPosen… Adam Posen Tue 29 Jun 2021 12:34
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
| S&P500 | |||
|---|---|---|---|
| VIX | |||
| Eurostoxx50 | |||
| FTSE100 | |||
| Nikkei 225 | |||
| TNX (UST10y) | |||
| EURUSD | |||
| GBPUSD | |||
| USDJPY | |||
| BTCUSD | |||
| Gold spot | |||
| Brent | |||
| Copper |
- Top 50 publishers (last 24 hours)
