Resilience and Innovation in Regio-Global Value Networks—Conception and Design

Josef Wieland () and Robert L. Hellpap

A chapter in Cooperation in Value-Creating Networks, 2024, pp 3-19 from Springer

Abstract: Abstract This chapter examines the concept of regionalization, specifically within the framework of regio-global value networks. It moves beyond traditional notions of regionalization as an alternative to globalization, viewing it instead as an integral component of resilient and innovative cooperation networks. We adopt a network theory perspective, presenting regionalization as an n-partite multi-level network where nodes represent regional and supra-regional actors. A significant portion of the discussion focuses on relational networks as spaces for economic trade, questioning conventional spatial concepts in economic networks and the boundaries of these networks. We challenge the traditional understanding of globalization as aggregated national economies, advocating instead a network-oriented theoretical perspective. The importance of relational assets in regional clusters is highlighted, asserting that economic and social value creation depends not only on financial and technological resources but also on cooperation and the generation of shared value. We build on the idea that networks produce not just economic goods but also relational events such as traditions and trust, which are contingent on the availability and effectiveness of relational assets in local or regional clusters. We conclude by discussing the effectiveness of relational assets in enhancing the resilience and innovative capacity of regio-global networks, suggesting that a multiplex perspective can offer a deeper understanding of the interplay between resilience and innovation. An empirical exploration of regio-global networks is proposed to further systematize and extend the results of the discussion.

Keywords: Regionalization; Regio-Global Networks; Relational economics; Network theory; Resilience; Innovation; Relational spaces; Relational assets (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:recchp:978-3-031-50718-2_1

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DOI: 10.1007/978-3-031-50718-2_1

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