Toward Better Supply Chains and Industrial Policy amid Economic Security Concerns

With the increase in geopolitical risks globally, there is an increasing demand for building supply chains that account for economic security. In response, many countries have implemented large-scale industrial policies aimed at fostering domestic industries. This shift requires a transformation in policy recommendations and practices based on international economics, which were previously centered on free trade and competition, toward approaches that address these new realities. This paper discusses appropriate policies and industrial strategies for building resilient supply chains in light of these new economic security concerns, drawing on recent theoretical and empirical research on the resilience of supply chains and the effectiveness of industrial policy.

The English version of this paper is 25-P-005.