Nearshoring, Global Value Chains’ Structure and Volatility

Filippo Bontadini (), Valentina Meliciani (), Maria Savona () and Ariel Luis Wirkierman ()
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Filippo Bontadini: LUISS University
Valentina Meliciani: LUISS University
Maria Savona: LUISS University
Ariel Luis Wirkierman: University of Macerata, Department of Law

Chapter 4 in Rethinking Trade in an Age of Turbulence, 2026, pp 65-84 from Springer

Abstract: Abstract Over the past few years, the debate on Global Value Chains (GVCs) and their role in economic growth has gained significant traction with the emergence of more nuanced views. Traditionally, GVCs have been regarded as a driver of economic growth, providing countries with access to larger markets, enhancing the international division of labour and efficiency gains, as well as providing countries with access to frontier technology (Baldwin, 2013; Taglioni & Winkler, 2016). However, it has also become clear that such benefits are far from automatic, as they depend on the position countries occupy within GVCs (Altzinger & Landesmann, 2008; Simonazzi et al., 2013), and on the fact that productivity gains do not always translate into employment and economic upgrading (Bontadini, 2022a; Bramucci et al. 2021; Pahl & Timmer 2020).

Date: 2026
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DOI: 10.1007/978-3-032-28664-2_4

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