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The pandemic and its ripple effects generated disruptions across both China-centric and transatlantic supply chains. Even before the pandemic hit, countries and companies were reconsidering the pros and cons of allowing China to become “the factory of the world.” The new landscape is likely to be very different than before the pandemic, as the hyper-globalization model of just-in-time supply chains built around hyper-efficient cross-border trade in tasks is reshuffled into a different type of globalization that is built around less complex and opaque, and more resilient and robust supply chains framed by China/Southeast Asia on the one hand, and the United States and Europe on the other.

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TE 2021 cover

TRANSATLANTIC ECONOMY 2021

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Global Europe Program

The Global Europe Program addresses vital issues affecting the European continent, U.S.-European relations, and Europe’s ties with the rest of the world. It does this through scholars-in-residence, seminars, policy study groups, media commentary, international conferences and publications. Activities cover a wide range of topics, from the role of NATO, the European Union and the OSCE to European energy security, trade disputes, challenges to democracy, and counter-terrorism. The program investigates European approaches to policy issues of importance to the United States, including globalization, digital transformation, climate, migration, global governance, and relations with Russia and Eurasia, China and the Indo-Pacific, the Middle East and Africa.  Read more