The global economic system is experiencing a profound period of rapid change. The emergence of globalised production and distribution systems, which bring together diverse constellations of economic actors through a complex regime of global corporate governance, state regulation and new international divisions of labour, demands corresponding and innovative explanatory models. Global value chains (GVCs) and global production networks (GPNs) have been particularly useful as conceptual frameworks for understanding the global market engagement of firms, regions and nations. This book examines the rise of GVCs and GPNs as dominant features of the international political economy. It brings together leading thinkers in the field and sets out new directions for future scholarship in understanding the contemporary global economic system. In doing so, this book makes a significant contribution to our understanding of the international political economy and the global economic system in the post-Washington Consensus era of contemporary capitalism.
This book was published as a special issue of the Review of International Political Economy.
1. Global value chains and global production networks in the changing international political economy: An introduction 2. Global value chains in a post-Washington Consensus world 3. Value chains, neoliberalism and development practice: The Indonesian experience 4. Governing the market in a globalizing era: Developmental states, global production networks and inter-firm dynamics in East Asia 5. The role of the state as an inter-scalar mediator in globalizing liquid crystal display industry development in South Korea 6. Market rebalancing of global production networks in the Post-Washington Consensus globalizing era: Transformation of export-oriented development in China 7. Global models of networked organization, the positional power of nations and economic development 8. Explaining governance in global value chains: A modular theory-building effort 9. Missing links: Logistics, governance and upgrading in a shifting global economy