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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 ...

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