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Global Value Chains in Covid-19 Crisis

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Questions and Answers

What is the purpose of the smiling curve in the context of technology or manufacturing?

To illustrate the value-added distribution at different stages of a product's lifecycle. (correct)

To show the cultural impact on global value chains.

To represent the environmental sustainability of products.

To explain the geopolitical implications of international trade.

Which principle explains that different production stages of a product are carried out in different countries?

International Division of Labor Principle

Strategic Autonomy Principle

Global Value Chains Principle (correct)

Radical Sovereignty Principle

What does the term 'backward linkage' refer to in the context of global value chains?

Connection between final products and the companies that supply components or raw materials. (correct)

Connection between manufacturing and assembly stages.

Connection between international trade and economic sovereignty.

Connection between marketing and research and development phases.

In the context of international trade, what does the term 'minimalist view' of sovereignty suggest?

A sovereign country is a country rich and attractive. Signup and view all the answers

What is the main idea behind the new view of sovereignty known as 'strategic autonomy'?

Implementing targeted policies to reduce dependency on certain products. Signup and view all the answers

Which incident led to tensions on components and intermediate products supply during the Covid-19 crisis mentioned in the text?

Suez Canal incident Signup and view all the answers

What is the main purpose of Defensive sovereignty in the context of trade policy?

To combat unfair competition like dumping and foreign public subsidies Signup and view all the answers

What are the 3 cumulative conditions that must be met to impose measures against unfair practices in Europe?

Show that dumping, injury, and cause-effect are occurring Signup and view all the answers

What major change occurred in Europe after the solar panel incident regarding anti-dumping tools?

Faster and more efficient investigations were implemented Signup and view all the answers

What does the new WTO's definition of 'public subsidies' entail?

Any financial contribution by a government or public body within a Member territory Signup and view all the answers

What is the objective of implementing a reshoring policy as part of Offensive sovereignty?

To bring back offshored industries to the home country Signup and view all the answers

Why does reshoring at the national level have a negative effect on costs according to the text?

Because reshoring disrupts global value chains (GVCs) Signup and view all the answers