Late industrialisation and global value chains under platform capitalism

Wim Naudé

Economia e Politica Industriale: Journal of Industrial and Business Economics, 2023, vol. 50, issue 1, No 7, 119 pages

Abstract: Abstract The digital (or 4th industrial) revolution has made industrialisation harder by being less consequential for structural transformation than was initially hoped. The rise of digital platform capitalism and its relation to global value chains (GVCs) is responsible for this. This paper explains why diminished expectations of the 4th industrial revolution are justified and how this is due to digital platforms as intellectual monopolies that are reconfiguring GVCs—and by this, making industrialisation harder. As such, the paper contributes to the research lacuna on the relationship between GVCs and digital platform capitalism. The implications for late industrialisation are identified, and broad recommendations for industrial policies are made.

Keywords: Digitisation; Digital platforms; GVCs; Industrialisation; Competition policy (search for similar items in EconPapers)
JEL-codes: L52 O14 O25 O33 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s40812-022-00240-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:epolin:v:50:y:2023:i:1:d:10.1007_s40812-022-00240-2

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40812

DOI: 10.1007/s40812-022-00240-2

Access Statistics for this article

Economia e Politica Industriale: Journal of Industrial and Business Economics is currently edited by C. Cambini, M.G. Colombo, L. Piscitello, L. Rondi and A. Zanfei

More articles in Economia e Politica Industriale: Journal of Industrial and Business Economics from Springer, Associazione Amici di Economia e Politica Industriale
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().