Mechanistic Framework of Global Value Chains

Sourish Dutta ()

MPRA Paper from University Library of Munich, Germany

Abstract: Indeed, the global production (as a system of creating values) is eventually forming like a gigantic and complex network/web of value chains that explains the transitional structures of global trade and development of the global economy. It’s truly a new wave of globalisation, and we term it as the global value chains (GVCs), creating the nexus among firms, workers and consumers around the globe. The emergence of this new scenario asks– how an economy’s firms, producers and workers connect in the global economy. And how are they capturing the gains out of it in terms of different dimensions of economic development? This GVC approach is very crucial for understanding the organisation of the global industries and firms. It requires the statics and dynamics of diverse players involved in this complex global production network. Its broad notion deals with different global issues (including regional value chains also) from the top down to the bottom up, founding a scope for policy analysis (Gereffi & Fernandez-Stark 2011). But it is true that, as Feenstra (1998) points out, any single computational framework is not sufficient to quantification this whole range of economic activities. We should adopt an integrative framework for accurate projection of this dynamic multidimensional phenomenon.

Keywords: Global Value Chains; Global Production Network; International Trade (search for similar items in EconPapers)
JEL-codes: F0 F1 F2 (search for similar items in EconPapers)
Date: 2017-02, Revised 2021-01-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/105223/1/MPRA_paper_105223.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/106203/9/MPRA_paper_106203.pdf revised version (application/pdf)

Related works:
Working Paper: Mechanistic Framework of Global Value Chains (2021)
Working Paper: Mechanistic Framework of Global Value Chains (2021)
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:pra:mprapa:105223

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().