Trading Down: Africa, value chains and the global economy by Peter Gibbon and Stefano Ponte Philadelphia, PA: Temple University Press, 2005. Pp. 251. US$ 64.50; US$21.95 (pbk.).

2007 ◽  
Vol 45 (1) ◽  
pp. 178-179
Author(s):  
ANNE TALLONTIRE
2019 ◽  
pp. 79-91 ◽  
Author(s):  
V. S. Nazarov ◽  
S. S. Lazaryan ◽  
I. V. Nikonov ◽  
A. I. Votinov

The article assesses the impact of various factors on the growth rate of international trade. Many experts interpreted the cross-border flows of goods decline against the backdrop of a growing global economy as an alarming sign that indicates a slowdown in the processes of globalization. To determine the reasons for the dynamics of international trade, the decompositions of its growth rate were carried out and allowed to single out the effect of the dollar exchange rate, the commodities prices and global value chains on the change in the volume of trade. As a result, it was discovered that the most part of the dynamics of international trade is due to fluctuations in the exchange rate of the dollar and prices for basic commodity groups. The negative contribution of trade within global value chains in 2014 was also revealed. During the investigated period (2000—2014), such a picture was observed only in the crisis periods, which may indicate the beginning of structural changes in the world trade.


Author(s):  
D. Hugh Whittaker ◽  
Timothy Sturgeon ◽  
Toshie Okita ◽  
Tianbiao Zhu

This book highlights the importance of time and timing in economic and social development. ‘Compressed development’ consists of two key features and their interaction: the tendency for development processes to unfold more rapidly (compression) and the institution-shaping influences of major periods of change and growth, especially when countries become integrated into the global economy (era). Using an interdisciplinary conceptual framework of state–market and organization–technology co-evolution, the authors contrast the experiences of ‘early’ and ‘late’ developers such as the United Kingdom and Japan, with countries–most notably China–which have become more deeply integrated with the global economy since the 1990s. Compressed developers experience ‘thin industrialization’, layered types of employment, and ‘double burdens’ or challenges in social development. National development strategies must accommodate global value chains and powerful international actors on the one hand, and decentralization on the other. To cope, and thrive, states must remain developmental, whilst being increasingly engaged and adaptive in multiple levels of governance. Compressed Development explores the historical and contemporary features of economic and social development at the intersection of development studies and studies of globalization. By bringing a new perspective on the ‘middle-income trap’, as well as the emerging digital economy, and the state–market and geopolitical tensions that are currently upending conventional wisdoms, the book offers timely insights that will be useful, not only for students of development, but for policymakers, business, and labour organization seeking to navigate the rushing currents of contemporary capitalism.


Author(s):  
Petr A. Vityaz ◽  
Vyacheslav K. Shcherbin

The article considers the history of creation of formal and informal institutional structures of International Association of the Academies of sciences (IAAS) the functioning of which is based on the technological chains of cognition that are characteristic of traditional disciplinary science. The differences between the technological chains of cognition and the global value chains that have developed in the global economy are shown. The prospects of combining the chains of these types within the framework of international scientific and technological consortia, which are more consistent with the requirements of modern technoscience, are determined. The conclusion is substantiated that the creation of a number of international scientific-technological consortia on the basis of scientific councils of association will allow IAAS to receive a stable source of its additional financing.


2016 ◽  
Vol 34 (8) ◽  
pp. 1453-1473 ◽  
Author(s):  
Shengjun Zhu ◽  
Canfei He

This article closely examines two industrial clusters in China, and compares the various adaptations these two clusters have undergone, as well as the mechanisms underlying the industrial and geographical dynamics within these two clusters. Specifically, based on recent field investigation and in-depth interviews during 2011–2014, we examine two types of local governance, and pay attention to the articulation between “governance within global value chains” and “governance within local clusters,” and to how global and local governance co-shape the ways in which and the extents to which local firms participate in the global economy, producing diverse geographies of production and generating diverse trajectories of regional development. The article concludes that local and global governance co-determine domestic firms’ upgrading sources, the strength of their local embeddedness, and the ways in which they conduct spatial and organizational restructuring, such as factory consolidation, factory closure, industrial upgrading, and geographical relocation.


Author(s):  
O. Vikulova ◽  
D. Gornostaeva

Based on the latest foreign sources, the article examines the impact of Artifi cial Intelligence and related robotics and automatization on the global economy, international trade, global value chains, the motivation and activities of companies, especially TNCs, the activities of the WTO, as well as the social consequences of these processes.


Author(s):  
Esra LaGro

The global political economy evolves around shifting theoretical and conceptual paradigms that simultaneously reflect the ongoing globalization process involving several actors and processes. Thus the complexity of linking the theory and practice of global political economy increases, and this, in return, accelerates further the in-depth inquiries in this interdisciplinary field of research such as discussions around global governance, international economic system, international trade, global value chains, and international development among several others. More specifically, in parallel with these developments, underlying trends in the global economy point to vast developments in both theory and practice of foreign direct investment (hereinafter FDI) across regions, countries and sectors as well, which form the main focus point of this chapter which will attempt to address the complexity of linking theory with actual practice through also involving global value chains with reference to FDI between EU member states and Turkey.


Author(s):  
В.В. Перская ◽  
Л.И. Хомякова

Глобальные цепочки стоимости (ГЦС) стали результатом развития вертикальной кооперации, основными инициаторами которых являются международные, транснациональные компании (ТНК). Именно ТНК стали движущей силой развития экономической глобализации. В современных условиях пандемия стала поворотным моментом, оказавшим значительное влияние на ГЦС и, следовательно, на экономическую глобализацию. 90% мирового товарооборота по данным ЮНКТАД находятся под ограничения из-за пандемии. Закрытие границ странами потребовало от национальных хозяйств рассмотреть возможность восстановления внутреннего поступательного развития исходя из реально сложившихся условий. Вопрос формирования национальных источников развития внутри стран и перестраивания географии формирования ГЦС (преимущественно в рамках одного региона, сокращая плечи транспортировки продукта) стал практически для всех стран достаточно актуальным. Поскольку основным видом кооперационного взаимодействия в рамках ГЦС была вертикальная кооперация, то переформатирование географии формирования ГЦС, вполне ожидаемо, приведет к более активному использованию преимуществ горизонтальной кооперации между хозяйствующими субъектами разных территориально приближенных стран. Одновременно воздействие пандемии на экономическую глобализацию в целом обусловливает усиление межгосударственного согласованного регулирования, в т.ч. регионального масштаба. Симптоматично, что в современных условиях правила ВТО игнорируются достаточно большим количеством стран, что сопровождается политикой протекционизма и санкций, практически не легитимной с точки зрения международного права. Подписание Всеобъемлющего регионального экономического партнерства в ноябре с.г. странами АСЕАН представляет собой свидетельство регионализации в международном взаимодействии, обозначает развитие тренда формирования согласованного участниками регионального правового поля для развития экономического сотрудничества, включая вопросы регулирования электронной торговли, конкурентной политики, защиты интеллектуальной собственности и других актуальных вопросов, ранее не фигурировавших в имеющихся соглашениях, опираясь при этом на основные правовые нормы ВТО. На основании изложенного авторы приходят к выводу, что собственно экономическая регионализация, в т.ч. трансформирования процесса формирования ГЦС в направлении повышения удельного веса их региональной компоненты, являются имманентными чертами трансформирования мировой экономики в условиях реального полицентризма. Global value chains (GVC) are the result of the development of vertical cooperation, the main initiators of which are international, transnational companies (TNCs). It is TNCs that have become the driving force behind the development of economic globalization. In today's context, the pandemic has become a turning point that has had a significant impact on GVCs and therefore on economic globalization. 90% of world trade, according to UNCTAD, are under restrictions due to the pandemic. The closure of borders by countries demanded that national economies consider the possibility of restoring their internal progressive development based on the actual conditions. The issue of the formation of national sources of development within countries and the restructuring of the geography of the formation of GVCs (mainly within one region, reducing the shoulders of product transportation) has become quite relevant for almost all countries. Since the main type of cooperative interaction within the GVC was vertical cooperation, reformatting the geography of the formation of GVCs, quite expectedly, will lead to more active use of the advantages of horizontal cooperation between economic entities of different geographically close countries. At the same time, the impact of the pandemic on economic globalization as a whole determines the strengthening of interstate coordinated regulation, incl. regional scale. It is symptomatic that in modern conditions the WTO rules are ignored by a sufficiently large number of countries, which is accompanied by a policy of protectionism and sanctions, which is practically illegitimate from the point of view of international law. The signing of the Comprehensive Regional Economic Partnership in November this year ASEAN countries is evidence of regionalization in international interaction, denotes the development of a trend in the formation of a regional legal framework agreed by the participants for the development of economic cooperation, including issues of regulation of electronic commerce, competition policy, protection of intellectual property and other topical issues that have not previously appeared in existing agreements, relying on this on the basic legal norms of the WTO. Based on the above, the authors come to the conclusion that the actual economic regionalization, incl. transformation of the process of GVC formation in the direction of increasing the share of their regional component are immanent features of the transformation of the world economy in the context of real polycentrism.


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