No breaking value chain

UPSC Practice recommends No breaking value chain.

New McKinsey Global Institute analysis finds a more nuanced reality. The world remains deeply interconnected, and flows have proved remarkably resilient during the most recent turbulence. Furthermore, no region is self-sufficient. The challenge, therefore, is to harness the benefits of interconnection while managing the risks and downsides of dependency – particularly where products are concentrated in their places of origin.

Courtesy: Opinion-Economic Times

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