Archived Webinar

Innovation Policy in the Post-COVID World Webinar Series: Nearshoring and Reshoring of GVCs - Implications for Innovation Policies

"Factors such as the pandemic, changing landscape of GVCs, digitalization and Industry 4.0, the US-China trade dispute, and the rise in labor costs in China have manifested in the reconfiguration of the global supply chains..."

The pandemic has been a significant shock to the world economy, and this has manifested in the reconfiguration of the global supply chains. Other factors are also contributing to the changing landscape of GVCs, such as digitalization and Industry 4.0, the US-China trade dispute, and the rise in labor costs in China. The trend has implications on the geography of production, especially in emerging economies. Could developing countries stand to benefit from this rearrangement? How could innovation policies leverage windows of opportunity to attract (or attract back) much-needed GVCs investments while building local production capabilities, and higher quality jobs?

Related readings:

About the Presenters

Keun Lee

Vice-chairman, National Economic Advisory Council for the President of Republic of Korea and Distinguished Professor, Seoul National University 

Keun Lee is a Distinguished Professor of Seoul National University (economics) and is the Head of the Center for Comparative Economic Studies. He is also the Vice-chairman of the National Economic Advisory Council, which is a key advisory body for the President of Korea (Chairman of the Council). He is also a regular writer for Project Syndicate. He is a Fellow of the CIFAR (Canada), and founding director of the Center for Economic Catch-up. He is the winner of the 2014 Schumpeter Prize for his monograph on Schumpeterian Analysis of Economic Catch-up. He is also an editor of Research Policy. He served as the President of the International Schumpeter Society (2016-18), a member of the Committee for Development Policy of UN (2013-18), a GFC member of the World Economic Forum (2016-19). He also spent his sabbatical year at the World Bank as a visiting scholar, 2004-05. He obtained a Ph.D. in economics from the University of California, Berkeley. One of his most cited articles is a paper on Korea’s Technological Catch-up. He also released a new book, China’s Technological Leapfrogging and Economic Catch-up.

Mary Hallward-Driemeier

Senior Economic Adviser, Finance, Competitiveness & Innovation (FCI) Global Practice, World Bank Group 

Mary Hallward-Driemeier is a Senior Economic Adviser in the Finance, Competitiveness & Innovation (FCI) Global Practice at the World Bank Group, overseeing the analytical agenda on issues of private sector development, technology, and productivity.  A Canadian national, she joined the World Bank in 1997 as a Young Professional. She has published widely on entrepreneurship, firm productivity and firm dynamics, the impact of financial crises, and women's economic empowerment. She has served as an advisor to the Chief Economist of the World Bank, a co-manager of the Jobs Group, the Deputy Director for the World Development Report 2005:  A Better Investment Climate for Everyone and is a founding member of the Microeconomics of Growth Network. Her latest books are At Your Service?: The Promise of Services-Led Development and Europe 4.0: Addressing the Digital Dilemma. Mary received her M.Sc. in Development Economics from Oxford University where she was a Rhodes Scholar and her Ph.D. in Economics from M.I.T.

Aaditya Mattoo

Chief Economist, East Asia, and Pacific, World Bank Group

Aaditya Mattoo is Chief Economist of the East Asia and Pacific Region of the World Bank.  He specializes in development, trade, and international cooperation, and provides policy advice to governments. Prior to this, he was Co-Director of the World Development Report 2020 on Global Value Chains, and Research Manager, Trade and International Integration. Before he joined the World Bank, he was Economic Counsellor at the World Trade Organization and taught economics at the University of Sussex and Churchill College, Cambridge University.  He holds a Ph.D. in Economics from the University of Cambridge, and an M.Phil in Economics from the University of Oxford. He has published on development, trade, trade in services, and international trade agreements in academic and other journals and his work has been cited in the Economist, Financial Times, New York Times, and Time Magazine.

Questions Submitted


- Jan 31, 2022


- Dec 22, 2021
We require quality services, as that cannot be compromise in the name of manufacturing units. We need to realize how to overcome those crucial difficulties and plan for the actual situation.


- Dec 22, 2021
In my opinion, if you want to develop and grow with sustainable development, then new manufacturing units shall be established in lower middle income countries so that they will also generate jobs and secure family lives.

Mohammad Nadir

- Dec 14, 2021


- Dec 8, 2021


- Dec 8, 2021

jose luis

- Dec 5, 2021
muy bueno
Log in to comment  Don't have an account? Register Now