Global Value Chains and Development: Redefining the Contours of 21st Century Capitalism
Country
United Kingdom, United States, Australia, India, Singapore
Language
English
Series
Development Trajectories in Global Value Chains[1]
Subject
Global Value Chains, economic development, multi-national corporations (MNCs), globalization, governance, international business, competitiveness
Genre
Non-fiction
Publisher
Cambridge University Press
Publication date
September 10, 2018
Pages
494
ISBN
978-1108458863
Preceded by
The pharmaceutical industry and dependency in the third world[2]
Global Value Chains and Development: Redefining the Contours of 21st Century Capitalism is a 2018 book by American economic sociologist and academic Gary Gereffi published by Cambridge University Press and part of their Development Trajectories in Global Value Chains series.[1] The book discusses the Global Value Chains (GVC) framework, pioneered by Gereffi in the mid-1990s and early 2000s. It focuses on how buyer-driven supply chains, led by retailers and global brands, shifted production in many international industries to low-cost developing economies. The GVC framework revolves around "governance" (supply chain control) and "upgrading" (strategic positioning in global industries). The chapters include key articles on global commodity chains and case studies on Mexico's and China's impact on the U.S. manufacturing sector. The concept of "social upgrading" and "synergistic governance" emerged to address social concerns. The rise of emerging economies led to greater regionalization of GVCs in the 2000s. After the 2008-09 economic crisis, GVCs adapted to a post-Washington-Consensus world marked by economic nationalism and populism. The GVC approach has influenced policymakers in international organizations and national economies, as well as academics.
^ ab"Development Trajectories in Global Value Chains". Cambridge Core. Retrieved 2024-01-17.
^Gereffi, Gary (1983). The Pharmaceutical Industry and Dependency in the Third World. Princeton University Press. ISBN 9780691654089.
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