As part of our partnership with Forbes magazine, read an opinion piece by Anne-Sophie Alsif, economist at BSI Economics and chief economist at BIPE, in which she analyzes the factors driving globalization since the 1970s and the need for a European relocation strategy to increase economic independence.
Introduction:
The coronavirus crisis has brought the issue of production localization back to the forefront. Indeed, whether it concerns the production of masks, ventilators, or even medicines, the sharp increase in demand for these products has led to questions about where they are manufactured. Globalization has led to increasing fragmentation of global value chains, allowing each element of the chain to be manufactured in the country where the comparative advantages are greatest.
