Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/247886 
Year of Publication: 
2021
Series/Report no.: 
IFN Working Paper No. 1404
Publisher: 
Research Institute of Industrial Economics (IFN), Stockholm
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.
Subjects: 
Global logistic chain
Post-Covid era
State aid
Technology shift
Job creation
JEL: 
E58
F16
F23
F34
G01
Document Type: 
Working Paper

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