Experts Warn Pursuing Supply Chain Security Through Restrictions is Self-Defeating, Call for Cooperation and Domestic Reforms Instead
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Pursuing supply chain security through de-risking, friend-shoring, export controls, and subsidies is self-defeating and damaging.
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These approaches disrupt trade, reduce growth, accelerate China's tech capacity, and force unfair choices on developing countries.
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Instead, countries should cooperate through the WTO to set fair terms for state-owned enterprises and data protection.
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Domestic policy reform should focus on innovation, diversification, productivity, fiscal health, infrastructure, and open technology policies.
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Economic resilience comes from strong policy fundamentals rather than targeting specific sectors or countries.