Synopsis
In most cases, OECD economies will not move their China-based factories home. More likely is a steady, deliberate shift of marginal foreign direct investment (FDI) away from China and toward emerging economies. This redistribution will not be even — it will reward the winners of a competition among many nations to establish themselves as an attractive alternative to China.
By Daniel H Rosen & Thilo HanemannThe Covid-19 pandemic has elevated long-simmering debates about dependence on China-centred global supply chains. This rethink has created tremendous opportunities for India and other developing countries in the region — if they can seize them.The experience of being forced to scramble to secure masks and ventilators at the height of the Covid-19 crisis has prompted countries across the globe to reassess the
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