The Risks and Rewards from International Supply Chains

The Risks and Rewards from International Supply Chains

The COVID pandemic and the war with Iran highlight the vulnerabilities associated with international supply chains. But sourcing from low-cost producers and from countries that have an advantage in providing key inputs also contributes to greater productivity and a wider range of available goods. Chris Miller joins EconoFact Chats to discuss the economic security challenges associated with a dependence on vital inputs like microchips and how to …