The Dead End of Repatriation

Globalization, not self-sufficiency, for security of supply and prosperity

By Patrick Dümmler, Peter Grünenfelder and Pascal Lago
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With the Covid-19 pandemic fueling fears of shortages, there are many calls to move production back to Switzerland. But this country would have a lot to lose from a strategy of repatriation. With a foreign trade quota of 96%, Switzerland’s prosperity relies on close international ties. The authors of this new Avenir Suisse study draw a number of conclusions from the pandemic in terms of economic and healthcare policy. They favor security of supply over self-sufficiency as a means of avoiding shortages in the future. While security of supply can be guaranteed by broadly diversifying sources, even with a high degree of self-sufficiency Switzerland would still rely on imports of auxiliary supplies.