Coronavirus: trade is still needed

By: Trademagazin editor Date: 2020. 06. 29. 11:13

One of the lessons of the coronavirus crisis so far has been that long supply chains make countries around the world dangerously vulnerable, because if there is a problem in China, for example, there could be a shortage of health equipment around the world. It seems that this “truth” can be overturned quickly – napi.hu wrote.

One of the things the coronavirus crisis has taught us is that the world is dangerously vulnerable to supply chains in terms of medicines and medical devices (masks, ventilators). This lesson was drawn from the crisis by Peter Navarro, an influential adviser to US President Donald Trump. This can be a great temptation for individual countries to embark on protectionist economic policies and raise high hopes in regions like Central and Eastern Europe, whose countries may think that if the multis want to shorten their supply chains to China, then nothing is more natural than that they would install their production capacities in this area. (napi.hu, Komócsin Sándor)