Call for Papers - Special Issue on "The future of global value chains and international trade: an EU perspective" - Italian Economic Journal
Over the past 30 years, trade liberalization and lower transportation costs have substantially expanded the reach of globalization. The ultimate effect is the fragmentation of production on a global scale through the diffusion of Global Production Networks or Global Value Chains (GVCs). The diffusion of GVCs contributes to the increase in the degree of interconnectedness among countries and regions, raising the speed of transmission of shocks. The financial crisis, the Covid-19 pandemic and even more the war between Russia and Ukraine had effects on international trade which could lead to a reconfiguration of GVCs. The new challenges and long-run effects are not yet clear. Some authors speak about slowbalization but others point out that GVC are here to stay and discuss possible "nearshoring" or "friendshoring". Against this backdrop, there is a need to understand and evaluate the impact that these changes have had (or will have in the future) for Italy and for the European Union. What have been the macro and micro economic repercussions on the organization of GVCs following these shocks? What would be the profound and persistent consequences for the EU countries/regions/firms participating in International Trade and working within GVC, which must be duly recognized and explored.
The special issue aims to collect contributions from researchers on the structural changes and the consequences of shocks at the European level on key aspects of economic systems: global value chains and international trade.
Further Information are available here: https://www.springer.com/journal/40797/updates/23777244
Deadline for submission: 28th February 2023
Giorgia Giovannetti (University of Florence, Italy)
Enrico Marvasi (University of Roma 3, Italy)
Giorgio Ricchiuti (University of Florence, Italy)