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Global Production Networks - Theorizing Economic Development in an Interconnected World (Paperback)
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Global Production Networks - Theorizing Economic Development in an Interconnected World (Paperback)
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Accelerating processes of economic globalization have fundamentally
reshaped the organization of the global economy towards much
greater integration and functional interdependence through
cross-border economic activity. In this interconnected world
system, a new form of economic organization has emerged: Global
Production Networks (GPNs). This brings together a wide array of
economic actors, most notably capitalist firms, state institutions,
labour unions, consumers and non-government organizations, in the
transnational production of economic value. National and
sub-national economic development in this highly interdependent
global economy can no longer be conceived of, and understood
within, the distinct territorial boundaries of individual countries
and regions. Instead, global production networks are organizational
platforms through which actors in these different national or
regional economies compete and cooperate for a larger share of the
creation, transformation, and capture of value through
transnational economic activity. They are also vehicles for
transferring the value captured between different places. This book
ultimately aims to develop a theory of global production networks
that explains economic development in the interconnected global
economy. While primarily theoretical in nature, it is well grounded
in cutting-edge empirical work in the parallel and highly impactful
strands of social science literature on the changing organization
of the global economy relating to global commodity chains (GCC),
global value chains (GVC), and global production networks (GPN).
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