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In: Economics

Clearly identify and explain three major impacts of the COVID-19 pandemic on the global economy today....

Clearly identify and explain three major impacts of the COVID-19 pandemic on the global economy today. Compare and contrast the recent disruption with a previous global supply chain event, such as the 2011 Japan earthquake disaster.

What does COVID-19 imply for the future of GVCs. Outline specifically two strategies and approaches that countries and firms are likely to adopt to minimise risks to supply chains in the future.

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