A Regional Connectivity Partnership for the Mediterranean

Delivering sustainable economic growth
Posted Oct 11, 2021 | Think 20 -Italy 2021, Raffaele Della Croce, Karim El Aynaoui et al

While the Mediterranean region has increased its participation in trade and global value chains, it remains below its potential due to limited connectivity and the inadequate infrastructure investment. In their article for Think 20 -Italy 2021, Raffaele Della Croce, Karim El Aynaoui et al suggest that changes in global value chains and reshoring trends brought about by the COVID-19 pandemic represent an opportunity for sustainable and inclusive economic development of the region. They argue that to boost competitiveness and attract near-shoring investments, an upgrade of the Mediterranean region’s logistic facilities and integration of its supply chains is essential. This would be achieved best through significant international cooperation to set common standards for investment, private sector co-operation, and development finance to enable integrated infrastructure development.


https://www.t20italy.org/wp-content/uploads/2021/09/TF7_PB01_LM03-1.pdf

 

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