APEC economies have developed a strong foundation to deal with the COVID-19 crisis, but more needs to be done to enhance their resiliency in global value chains, according to a recent policy brief by the APEC Policy Support Unit.
The policy brief, titled Managing Risks in Global Value Chains, analyzes the ability of the APEC region and its peer international groupings to respond to disruptions and to quickly return to normal operations. Using a value chain strength index, the policy brief measures the strength of economies and groupings against the following risks: 1) logistics and infrastructure risk; 2) natural disaster risk; 3) market risk; 4) political risk; and 5) regulatory and policy risk.
The policy brief finds that while APEC economies perform moderately well, the region falls slightly behind its peer international groupings in terms of value chain strength.
Download Policy Brief here: 220_PSU_Managing Risks in GVC