Dalia Marin

MUNICH – As the COVID-19 pandemic escalates, the risks inherent in global supply chains are more apparent than ever. Rather than await a return to business as usual, with manufacturing activities concentrated in countries where labor is cheap and plentiful, advanced-economy companies are shifting th...

Between mid-1980’s and today, labor’s share of world GDP declined to 58 percent, while capital’s share rose to 42 percent