Global Value Chains and Economic Resilience Post-Pandemic

Abstract

This paper examines the role of global value chains (GVCs) in economic resilience after the COVID-19 pandemic. Using trade and production data from 50 countries, the study shows that diversified GVC participation reduces the impact of supply chain disruptions and enhances recovery. Countries heavily dependent on single-source imports experienced greater economic shocks. Policy measures such as promoting regional trade networks, investment in logistics infrastructure, and digitalization of supply chains are recommended to improve resilience. The study provides important insights for policymakers and firms aiming to strengthen economic stability in a volatile global environment.