Countries and regions have declared their intensions to repatriate the production of strategically important goods. It is crucial that Lithuania, which has not yet achieved full economic convergence with the EU average, uses these global shifts to its advantage. We need to attract foreign direct investment that could help us enhance our participation in the recalibrated value chains.
We should focus on bringing in higher value-added activities, so that we could provide a strong impetus to the growth of labour productivity and, consequently, the potential output. Second, digitalisation has also been greatly accelerated by the pandemic. Restaurants and shops have digitalised their processes to offer delivery services. People have been working remotely for extended periods of time.