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5 - Conclusion

Reconfiguring the Global Supply Chain in the Post–COVID-19 Era

Published online by Cambridge University Press:  09 July 2021

Chien-Huei Wu
Affiliation:
Academia Sinica, Taipei, Taiwan
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Summary

The COVID-19 pandemic is broadly impacting global supply chains with enterprises being prevented from producing and shipping raw inputs, semi-finished articles and end products, and governments adopting and maintain exporting restrictions on ventilators, masks, gloves, personal protective equipment and relevant inputs. The pandemic amplifies and accelerates the decoupling of US–China economic relations, reflecting US President Trump’s maxim 'economic security is national security' and delivered by a US–China trade war with numerous trade measures, including sanctions against Huawei.The attachment to economic security reflects a reversal of economic globalisation which used to posit economic interdependence as a safeguard for national security, but there is now a theory that overdependence is a threat to national security. In this context, there is a need for fresh look at the law and politics on export restrictions and sombre thought on the restructure of the global supply chain. Three key elements will be of critical importance in the post-COVID-19 world: ‘beggar-thy-neighbour’, economic security and the decoupling of the US–China economy.

Type
Chapter
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Law and Politics on Export Restrictions
WTO and Beyond
, pp. 261 - 269
Publisher: Cambridge University Press
Print publication year: 2021

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  • Conclusion
  • Chien-Huei Wu, Academia Sinica, Taipei, Taiwan
  • Book: Law and Politics on Export Restrictions
  • Online publication: 09 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108953566.008
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  • Conclusion
  • Chien-Huei Wu, Academia Sinica, Taipei, Taiwan
  • Book: Law and Politics on Export Restrictions
  • Online publication: 09 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108953566.008
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
  • Chien-Huei Wu, Academia Sinica, Taipei, Taiwan
  • Book: Law and Politics on Export Restrictions
  • Online publication: 09 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108953566.008
Available formats
×