Borderlands: Cross-border trade key to growth; US-Mexico border truck crossings down 8% through April
Cross-border trade will be critical for economies to succeed, but whether the coronavirus reverses globalization and creates more regional supply chains is hard to predict, according to experts.
“I think we are headed for more regionalism,” according to Pia Orrenius, vice president and senior economist at the Federal Reserve Bank of Dallas.
Orrenius was part of a webinar on Wednesday, “The Effect of the Coronavirus Pandemic on the North American Supply Chain,” organized by Rice University’s Baker Institute for Public Policy in Houston.
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