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Full Description
Global value chains (GVCs) are an important way in which modern businesses optimise their production processes by choosing to locate them in different countries. Given their importance to the world economy, it is no surprise that there is now a large literature in business. However, much less has been said about how insights from economics can be used in the analysis of GVCs. Reshaping Global Value Chains offers an in-depth and interdisciplinary analysis of global value chains, highlighting their crucial role in transforming global trade, production and development. It focuses on methods and toolkits closer to economics rather than other social sciences to explore key themes such as resilience, sustainability, innovation and inclusion, addressing the challenges posed by geopolitical, environmental and pandemic crises. Written by an impressive line-up of international scholars, this book provides practical and conceptual tools for understanding and rethinking GVCs in an era of increasing global uncertainty.
Contents
Part I. GVCs - Measurement, Innovation, and Technology: 1. What's in a GVC trade flow? Global databases and micro-evidence; 2. A quantitative history of supply chain fragmentation: 1965-2014; 3. The organization of ownership and input-output networks in GVCs; 4. GVCs and patterns of specialisation in international trade; 5. Multinational production and GVCs: new empirical evidence; 6. Global value chains and intellectual property rights: towards a shift in logics?; 7. Make GVCs efficient again! 3D value chains and the dawn of reinternalization; 8. Co-evolution of technology and production: implications for the changing GVCs; Part II. GVCs in International Perspective - Trade and Policy: 9. Global value chains as networks; 10. Global value chains and shock transmission: evidence from Italy; 11. Supply chain bottlenecks and the need for policy interventions; 12. Participation in GVC and emissions embodied in bilateral trade; 13. Unlocking the GVC paradox: learning, captivity, and productivity of latecomers; 14. Everybody is in service: exploring the link between services and global value chains; 15. Trade policy-driven production relocation: a case study of Vietnam as a 'connector' country; Part III. The Political Economy of GVCs: 16. Functional positioning in global value chains and inequality across and within countries; 17. Where are european jobs going? An employment multiplier analysis of occupational flows and specialisation patterns; 18. Global value chains under geopolitical distress; 19: Export productivity premia in GVCs, partner productivity advantage, and technology intensity. Evidence from Kazakhstan as a central Asian connecting country; 20. China in GVCs: stages of participation; 21. Participation in global value chains, trade, and poverty; 22. Global value chains: a moral cost benefit analysis; Epilogue by the editors.
