The disruptions to global value chains (GVCs) caused by the Covid-19 pandemic have led to a growing debate on whether globalization has gone too far. Some politicians and policy makers argue we depend on foreign supplies so much that this reduces the resilience of our own economy in a response to a crisis. Hence, we should gain self-sufficiency via reshoring or localization of production. Is reshoring or localization of production the best approach to deal with a crisis like Covid-19 or similar crises? Explain why and make policy recommendations to enhance the resilience of Australian economy