Towards regenerative regional development in responsible value chains: An agentic response to recent crises

Markus Grillitsch and Bjørn Asheim

No 2310, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

Abstract: In this paper, we empirically and theoretically present regenerative regional development in responsible value chains as an alternative to the prevailing traditional, neoliberal economic rationale of globalization. We develop the argument on the back of a longitudinal in-depth case study on actors’ engagement in the recurring crises in the maritime industry in Sunnmøre/Norway. The alternative perspective is an agentic response from the business community in the wake of recent crises. It builds on advanced manufacturing capabilities, automation, and precision technologies, which promise local economic regeneration while reducing the reliance on low-cost labor, substantially cuts emissions through reduced long-haul transport, use of green energy, and more energy-efficient production processes. To succeed, however, it calls for policies that promote the building of local capabilities and penalize practices causing environmental and social harm in global value chains, making it possible to move towards responsible and shorter value chains.

Keywords: Regional resilience; sustainability transformation; human agency; global value chains; automation and industry 4.0; innovation; industrial and innovation policy (search for similar items in EconPapers)
JEL-codes: O30 R10 R11 R50 R58 (search for similar items in EconPapers)
Date: 2023-04, Revised 2023-04
New Economics Papers: this item is included in nep-env, nep-geo, nep-tid and nep-ure
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http://econ.geo.uu.nl/peeg/peeg2310.pdf Version April 2023 (application/pdf)

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Journal Article: Towards regenerative regional development in responsible value chains: an agentic response to recent crises (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:egu:wpaper:2310

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