The World Economy Journal announced that the policy paper “Demand and Supply Exposure Through Global Value Chains: Euro-Mediterranean Countries During Covid”, co-authored by Prof. Rym Ayadi, Prof. Giorgia Giovannetti, Dr. Enrico Marvasi, Giulio Vannelli, and Prof. Chahir Zaki, is one of the top downloadable articles of their online library.
The world has been hit by the unprecedented shock of the COVID-19 pandemic that led to significant changes at economic and social levels. In particular, it created a series of disruptions to Global Value Chains (GVCs) in both the short run, such as lockdowns, and the longer run – such as quarantines, travel bans and restrictions. Consequently, countries that are heavily involved in such GVCs were strongly hit by the shock.
The paper attempts to examine how the pandemic affects emerging markets through GVCs. It focuses on some Euro-Mediterranean countries that are fairly-well integrated and, to a certain extent, have developed a number of GVCs between the two shores of the Mediterranean.