Reshaping Global Value Chains: Approaches and Insights from Economics

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.