Research Information System
in: Impact of Global Issues on International Trade, Ahu Coşkun Özer, Editor, Idea Group Publishing (IGP) , Pennsylvania, pp.191-210, 2021
The
COVID-19 pandemic related economic lockdowns and restrictions caused
socio-economic uncertainties in the World since 2020. The pandemic-induced
economic shocks affected World trade, especially the reactions in fragile
markets. As a result of the strict rules taken by the countries, the decrease
in the supply of intermediate goods inputs used in industries worldwide; supply
shock has caused global supply chains and economic problems to spread through
supply chains. Due to the increase in demand exceeding the current supply and
production capacity, the fragmented production system, which spread throughout
the world, led to the risks related to Global Value Chains (GVC) more
clearly. In this context, discussion of
the uplift processes within the chain, which expresses the upgrading
perspective, has come to the fore again. The solutions in chains, which are
applied by industries in the pandemic process, emphasize the importance of
backward and forward linkages in the chain.