Strengthening economic resilience within global value chains in Switzerland
Switzerland has shown remarkable strength during past economic downturns. A comprehensive
risk planning and monitoring system, as well as essential-goods stockpiles has effectively
bridged temporary supply disruptions. Yet, rising geopolitical tensions and a global
shift towards protectionism pose significant challenges for the Swiss economy. To
raise its resilience and productivity, Switzerland should refrain from relying on
distortive industrial policies or trade restrictions, and rather continue to commit
to international trade and cooperation, strengthen ties with key trading partners
and enhance domestic competition. Resuming negotiations with the EU is key to safeguard
access to the single market and deepen the economic partnership. Reducing trade barriers
and lowering the administrative burden could reduce trade costs, which would allow
companies to diversify supply chains while raising productivity.
Published on May 07, 2024
In series:OECD Economics Department Working Papersview more titles