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The Global Logistic Chain Under Siege in a Post-Covid Era

Author

Listed:
  • Oxelheim, Lars

    (Research Institute of Industrial Economics (IFN))

  • Randøy, Trond

    (School of Business and Law)

Abstract

Based on historical analogies, we emphasize a connection between financial crises and technological shifts where the shift calls for a structural economic transformation. We discuss how political pressures related to this structural transformation pave the way for the return of a new form of Mercantilism. This time it is the competition for high-tech jobs that drives politicians to be more nationalistic. Our conclusion is that the race for jobs in a period of technology shift, coupled with experimental efforts by central banks, will lead to the need for a post-covid 19 reorganization of international companies’ global logistics chain. The current pandemic will act as a catalyst to this very transformation.

Suggested Citation

  • Oxelheim, Lars & Randøy, Trond, 2021. "The Global Logistic Chain Under Siege in a Post-Covid Era," Working Paper Series 1404, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:1404
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    References listed on IDEAS

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    1. repec:hhs:iuiwop:554 is not listed on IDEAS
    2. Oxelheim, Lars & Randøy, Trond & Stonehill, Arthur, 2001. "On the treatment of finance-specific factors within the OLI paradigm," International Business Review, Elsevier, vol. 10(4), pages 381-398, August.
    3. Oxelheim, Lars & Wihlborg, Clas, 2008. "Corporate Decision-Making with Macroeconomic Uncertainty: Performance and Risk Management," OUP Catalogue, Oxford University Press, number 9780195335743.
    4. John H Dunning, 1980. "Towards an Eclectic Theory of International Production: Some Empirical Tests," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 11(1), pages 9-31, March.
    5. Oxelheim, Lars & Ghauri, Pervez, 2008. "EU-China and the non-transparent race for inward FDI," Journal of Asian Economics, Elsevier, vol. 19(4), pages 358-370, August.
    6. Frey, Carl Benedikt & Osborne, Michael A., 2017. "The future of employment: How susceptible are jobs to computerisation?," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 254-280.
    7. Michael A. Witt, 2019. "De-globalization: Theories, predictions, and opportunities for international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(7), pages 1053-1077, September.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Global logistic chain; Post-Covid era; State aid; Technology shift; Job creation;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G01 - Financial Economics - - General - - - Financial Crises

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