By Neil M. Coe, Henry Wai-chung Yeung
Accelerating procedures of financial globalization have essentially reshaped the association of the worldwide economic climate in the direction of a lot higher integration and useful interdependence via cross-border fiscal job. during this interconnected global process, a brand new type of financial association has emerged: international creation Networks (GPNs). This brings jointly a wide range of monetary actors, such a lot particularly capitalist companies, kingdom associations, labour unions, shoppers and non-government firms, within the transnational creation of monetary price.
National and sub-national monetary improvement during this hugely interdependent worldwide financial system can not be conceived of, and understood inside of, the particular territorial obstacles of person international locations and areas. as a substitute, international creation networks are organizational structures wherein actors in those assorted nationwide or neighborhood economies compete and cooperate for a bigger proportion of the production, transformation, and trap of price via transnational fiscal task. also they are autos for shifting the price captured among diverse locations.
This ebook eventually goals to increase a thought of world creation networks that explains monetary improvement within the interconnected international financial system. whereas basically theoretical in nature, it really is good grounded in state of the art empirical paintings within the parallel and hugely impactful strands of social technological know-how literature at the altering association of the worldwide economic system on the subject of worldwide commodity chains (GCC), worldwide price chains (GVC), and international creation networks (GPN).
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Extra info for Global Production Networks: Theorizing Economic Development in an Interconnected World
As the overarching conceptual departure point for the remaining chapters of this book, this chapter delimits the main building blocks of GPN theory for the analysis of economic development. In so doing, it consciously breaks with both methodological individualism and state-centric forms of social science. It takes stock of our existing understanding of the organization of global production networks and reconceptualizes value activity, key actors, networks, and their territoriality. We believe such an organizational delimitation of global production networks is necessary because of the wide adoption of the existing GPN framework and the varied and sometimes inconsistent ways in which its key terms and categories have been mobilized.
G. g. g. coastal China). e. actively driven by local government) between Taiwanese OEMs/ODMs and global lead ﬁrms in Suzhou’s notebook personal computer cluster with the implicit bottom-up coupling dynamics associated with Taiwanese ﬁrms in Dongguan’s desktop cluster. In a similar vein, Yang et al. (2009) identiﬁed geographically varied strategic coupling across three science parks in Taiwan, while in another study of the computer manufacturing industry in China, Yang and Coe (2009) argued that the nature of strategic coupling between global production networks and regional production clusters varied owing to both the different functionalities of those clusters within the broader global production network and the ways in which they were shaped by local institutional and economic contexts.
0 to develop a network conception of the global economy, drawing upon both GCC and ANT work. 26. In what is broadly known as the varieties of capitalism (VoC) literature, scholars have explained how variations in national political–economic institutions shape the nature and behaviour of ﬁrms and enterprises from these national economies. 0 27. 28. 29. 30. 29 It is beyond the scope of this book to explain different varieties of capitalism and their business systems (for more, see Whitley 1992, 1999; Berger and Dore 1996; Whitley and Kristensen 1996, 1997; Crouch and Streeck 1997; Hollingsworth and Boyer 1999; Hall and Soskice 2001; Hancké et al.