The changing contours of global value chains post-COVID: Evidence from the Commonwealth

Sangeeta Khorana*, Hubert Escaith, Salamat Ali, Sushma Kumari, Quynh Do

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


The COVID-19 pandemic emphasised the global value chains (GVCs) debate by focussing on whether gains from GVC participation outweigh firms associated risks of demand and supply shocks amid rising protectionism. This paper bridges the gap between the international trade and management literature by examining the impact of COVID-19 on Commonwealth countries, an area that has received scant attention in academic literature. Using the Eora database, we simulate scenarios to examine Commonwealth countries’ participation in GVCs post-COVID. We draw on the transaction cost economics (TCE) theory to develop a framework that investigates whether growing protectionism, associated with reshoring, decoupling and nearshoring, could potentially affect the constellation and participation of Commonwealth countries in GVCs post-COVID. Results show that trade protectionism is likely to impact the supply chains and lead to GVC reconfiguration, which could offer opportunities for the Commonwealth countries and firms to potentially gain following the geographical redistribution of suppliers.

Original languageEnglish
Pages (from-to)75-86
Number of pages12
JournalJournal of Business Research
Publication statusPublished - Dec 2022


  • Commonwealth
  • COVID-19
  • Decoupling
  • Global value chains
  • Protectionism
  • Reshoring


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