Erik Berglöf is chief economist of the Asian Infrastructure Investment Bank and a former director of the Institute of Global Affairs at the London School of Economics and Political Science.
Covid-19 has wreaked havoc on global value chains, but it could also spark a rethink of how to organise them. Going green can become a competitive advantage for emerging economies seeking to join global production systems and fulfil climate commitments.
Insights into the Chinese development experience may prove useful for developing economies, but many are too wary of its intentions and influence to be receptive. Both Beijing and the West have contributed to the hostility.