Sébastien Miroudot is a senior trade policy analyst in the Trade in Services Division of the OECD Trade and Agriculture Directorate. He has spent 20 years working on trade and investment issues, including the creation of trade statistics in value-added terms (TiVA), the construction of a services trade restrictiveness index (STRI) and the analysis of the policy implications of global value chains. His research interests include global value chains, multinational production and the role of multinational enterprises in international trade.
Before joining the OECD, Mr Miroudot was a researcher at SciencesPo Paris in Groupe d’Economie Mondiale and taught international economics. In 2016-2017, he was visiting professor at the Graduate School of International Studies (GSIS) of Seoul National University.
Mr Miroudot holds a PhD in international economics from SciencesPo Paris.
Besides political appeal, is there economic merit to compressing international supply chains, and/or bringing them closer to ‘home’? Are we witnessing the end of stretched, cost-driven value chains – a prime feature of globalization – or their transformation? How can value chains be secured for greater robustness and resilience, and how can policy help?
The COVID-19 pandemic has posed significant challenges for supply chains globally. Multiple national lockdowns have led to labour bottlenecks and have disrupted the flow of raw materials and finished goods, dragging on manufacturing, and sending customers in a waiting mode.
These developments have compelled observers to ponder decoupling from China, value chain localization/regionalization, even ‘nationalization’ of selected strategic industries, closely linked to the concept of EU strategic autonomy, the idea of a more economically self-sufficient EU.