{"id":1854,"date":"2023-02-13T16:19:20","date_gmt":"2023-02-13T16:19:20","guid":{"rendered":"https:\/\/www.fiw.ac.at\/publications\/learning-from-tumultuous-times-an-analysis-of-vulnerable-sectors-in-international-trade-in-the-context-of-the-corona-health-crisis\/"},"modified":"2024-06-18T12:28:43","modified_gmt":"2024-06-18T10:28:43","slug":"learning-from-tumultuous-times-an-analysis-of-vulnerable-sectors-in-international-trade-in-the-context-of-the-corona-health-crisis","status":"publish","type":"publication","link":"https:\/\/www.fiw.ac.at\/en\/publications\/learning-from-tumultuous-times-an-analysis-of-vulnerable-sectors-in-international-trade-in-the-context-of-the-corona-health-crisis\/","title":{"rendered":"Learning from Tumultuous Times. An Analysis of Vulnerable Sectors in International Trade in the Context of the Corona Health Crisis"},"content":{"rendered":"\n<p>The COVID-19 pandemic marks an unprecedented shock to global growth and trade and brought international dependencies into the spotlight. This triggered discussions on resilience and robust-ness of global value chains. In this paper we assess which products can be considered as vulnera-ble to trade shocks at the global level \u2013 referred to as \u2018risky\u2019 products \u2013 by constructing a \u2018product riskiness indicator\u2019 for 4700 globally traded products based on components such as market con-centration, clustering tendencies, network centrality of players, or international substitutability. In a second step the bilateral imports of risky products are matched to multi-country input-output tables enabling the analysis of the importance of internationally sourced risky products by country and using industries. Higher-tech industries are more prone to supply-chain vulnerability given the large share of risky products in high-tech product categories. Third, we apply a \u2018partial global extraction method\u2019 to assess the GDP impact of reshoring. Assuming that imports of risky products are re-shored from non-EU27 to EU27 countries suggests an increase in the EU27 GDP of up to 0.5%. The non-EU27 countries lose from such re-shoring activities accordingly. This suggests that it is also in the interest of the supplier countries and industries to assure robust or at least resilient supply chains. Finally, selected policy aspects in the context of the envisaged EU Open Strategic Autonomy are debated.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Zitiervorschlag:<\/p>\n\n\n\n<p>Oliver Reiter &amp; Robert Stehrer, 2021. <strong>Learning from Tumultuous Times. An Analysis of Vulnerable Sectors in International Trade in the Context of the Corona Health Crisis<\/strong>, FIW Research Reports series 04-2021, FIW.<\/p>\n","protected":false},"featured_media":0,"menu_order":0,"template":"","jelcode":[61,26,664],"keyword":[1135,1133,1134,1132,554],"class_list":["post-1854","publication","type-publication","status-publish","hentry","jelcode-f14","jelcode-f17","jelcode-f52","keyword-global-extractions-method","keyword-resilience","keyword-robustness","keyword-supply-chains","keyword-vulnerability"],"acf":{"year":2021,"month":7,"day":"","volume":"","number":"4","pages":68,"reviewed":"","citeid":"FIW_RR_04_2021","fiwseries":"FIW Studien","event":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Learning from Tumultuous Times. 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In this paper we assess which products can be considered as vulnera-ble to trade shocks at the global level \u2013 referred to as \u2018risky\u2019 products [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fiw.ac.at\/en\/publications\/learning-from-tumultuous-times-an-analysis-of-vulnerable-sectors-in-international-trade-in-the-context-of-the-corona-health-crisis\/\" \/>\n<meta property=\"og:site_name\" content=\"FIW\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-18T10:28:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_short_rgb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"843\" \/>\n\t<meta property=\"og:image:height\" content=\"293\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@CentreFiw\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/learning-from-tumultuous-times-an-analysis-of-vulnerable-sectors-in-international-trade-in-the-context-of-the-corona-health-crisis\/\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/publications\/learning-from-tumultuous-times-an-analysis-of-vulnerable-sectors-in-international-trade-in-the-context-of-the-corona-health-crisis\/\",\"name\":\"Learning from Tumultuous Times. 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