Back

T20 Recommendations: Boosting GVC Resilience, Efficiency, and Policy Coordination

August 10, 2023
Related topics: 
Economy
Macroeconomics and regulation
Trade
International Cooperation

"GVCs, Resilience, and Efficiency: Enhancing Trade and Industrial Policy Design and Coordination" - a paper co-authored by Otaviano Canuto, Mahmoud Arbouch, Pepe Zhang, and Abdelaaziz Ait Ali. This paper, accepted by the T20 community, delves into the challenges confronting the global economy, with a focal point on the fragmentation of global value chains. It presents a set of recommendations to address this concern and strike a harmonious balance between efficiency and resilience. The paper engages in a clash of perspectives between the public and private sectors. While the private sector is driven by efficiency objectives, the public sector prioritizes national security and resilience. Notably, the current state of global value chains (GVCs) is exceptionally flourishing. The manufacturing sector has exhibited a substantial rebound following the shocks of the COVID-19 pandemic.

Speakers
Abdelaaziz Ait Ali
Head - Research in Economics
Abdelaaziz Ait Ali is a principal Economist and head of the Research Department at the Policy Center for the New South. He joined the Center in 2014 after five years of experience at the Central Bank of Morocco. He worked as an economist in the International Studies and Relations Department and was analyzing the real estate price index and financial asset prices for monetary policy and financial stability purposes. Since then, Abdelaaziz has focused on cyclical and structural issues of the Moroccan economy, including macroeconomic management and industrial policy design. He has published articles on the reform of the exchange rate regime in the Moroccan economy and its implications for macroeconomic regulation, as well as on the evolution of the macroeconomic framework over th ...

RELATED CONTENT

  • Download PDF
    GVCs, Resilience, and Efficiency Considerations: Improving Trade and Industrial Policy Design and Coordination
    Authors
    Otaviano Canuto
    Mahmoud Arbouch
    Pepe Zhang
    Abdelaaziz Ait Ali
    June 26, 2023
    The COVID-19 pandemic and the war in Ukraine have reignited the debate on efficiency versus resilience in international trade and global value chains (GVCs). This policy brief[a] (i) explains the contrasting perspectives of the private sector (primarily seeking efficiency) and the public sector (aiming for resilience); (ii) demonstrates that GVCs are still flourishing, despite some mounting signals of a geo-fragmentation leading to greater reallocation of the GVCs; and (iii) provide ...
  • Download PDF
    Covid-19 and the Fiscal Space of Developing Countries
    Authors
    Hinh T. Dinh
    December 6, 2021
    Between January 2020 and June 2021, the world spent about US $16.5 trillion (18% of world GDP) to fight COVID-19, and this amount does not even include the most important losses such as deaths, mental health effects, restrictions on human freedom, and other nonmonetary suffering. Nearly 90% of this amount was spent by developed economies; the rest by emerging market and developing economies. Low-income countries spent just US $12.5 billion, or less than 0.0001% of the total. Moreove ...
  • Download PDF
    Is China a Developing Country?
    Authors
    Uri Dadush
    May 31, 2021
    China is the world's largest exporter of goods. It is also, by any plausible criterion, a developing country. China's dual status needs to be better reflected in Chinese policies - recognizing its global responsibilities -- and in those of the Western powers - recognizing China's limitations. Across three important agendas - macroeconomics, development assistance, and climate - important differences between China and the West remain, yet none of these issues appears intractable. ...
  • Download PDF
    L’aide au développement américaine dans le domaine de la santé en Afrique : Analyse à la lumière de la Déclaration de Paris
    Authors
    Souha Majidi
    June 5, 2020
    Face à l’ampleur des retombées économiques et sociales des crises sanitaires, comme la Covid19, l’aide publique au développement peut jouer un rôle essentiel dans l’atténuation de l’impact des épidémies sur les économies les plus fragiles et vulnérables. L'aide publique au développement (APD) vise non seulement à combler le manque de capital nécessaire à amorcer une dynamique forte de développement, mais aussi à amorcer la capacité des Etats à répondre aux risques sanitaires et sécu ...
  • Download PDF
    The Global Challenges of Illicit Financial Flows
    Authors
    Seleman Kitenge
    March 30, 2020
    Illicit financial flows (IFFs) have become a serious threat to the attainment of global development goals. On February 28th, 2020, the President of the United Nations General Assembly, Tijjani Muhammad-Bande, and the President of ECOSOC, Mona Juul, have announced a high-level panel on international financial accountability, transparency, and integrity (FACTI) as a means to address this challenge, which inhibits financing for the Sustainable Development Goals. This paper provides an ...
  • Adhésion du Maroc à la CEDEAO : un accord de principe
    Moubarack Lo
    June 21, 2017
    Ce podcast est présenté par Moubarack Lo. Il y analyse l’apport de l’adhésion marocaine à la CEDEAO suite à l’accord de principe donné par ses membres au 51e sommet de Monrovia le 4 juin ...
  • Download PDF
    Morocco’s New Geo-Economics: Implications for U.S.-Moroccan Partnership
    Authors
    Ian Lesser
    November 18, 2013
    This policy brief argues for a closer relationship between Morocco and the United States. Morocco’s geo-economic position is evolving in ways that will shape U.S. and international interests in the country and open new avenues for cooperation. Key drivers of change in this context include Morocco’s stake in greater economic integration in the Maghreb, a growing role in Africa, new energy and infrastructure projects, and the emergence of Morocco as a hub for communications around th ...