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Prema-chandra Athukorala - One of the best experts on this subject based on the ideXlab platform.
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Joining Global Production Networks: Experience and Prospects of India
Asian Economic Policy Review, 2018Co-Authors: Prema-chandra AthukoralaAbstract:Cross‐border dispersion of different stages/slices of the Production processes within vertically integrated Global industries (“Global Production sharing”) has been a key structural change in the Global economy in recent decades. This paper examines India's experience with exploiting opportunities created by this phenomenon for export expansion from a comparative East Asian perspective. The analysis reveals that India has so far failed fitting into Global Production networks in electronics and electrical goods, which have been the prime movers of export dynamism in China and the other high‐performing East Asian countries. The findings of this study provide further support to the case for completing the unfinished reform agenda, encompassing both trade and investment policy reforms, and “behind‐the‐border” reforms. There is also a strong case, based on the experiences in East Asia and elsewhere, for combining further reforms with a proactive investment promotion campaign to attract multinational enterprises engaged in Global Production networks.
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China's evolving role in Global Production networks: Implications for Trump's trade war
2017Co-Authors: Prema-chandra AthukoralaAbstract:This paper examines China’s evolving role in Global Production networks and its implications for assessing the potential impact of the ‘trade war’ declared by President Trump. The analysis, which is based on a systematic disaggregation of trade based on Global Production sharing into components and final assembly, suggests that the Sino-US trade gap is a structural phenomenon driven by the pivotal role played by China within East Asia cantered Production networks. The Global competitiveness of US MNEs depends on their ability to use China as the Production base for supplying the rest of the world, and China is now an important supplier of components used in US manufacturing. Given this intricate interdependence between the two economies within Global Production networks, attempt to impose punitive tariffs on China is bound to face formidable opposition from business interests in the United States. Even if the protectionist threat becomes a reality, the impact may not be as damaging as commonly thought because Global Production sharing has considerably weakened the link between relative prices and trade flows.
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Global Production sharing exploring australia s competitive edge
The World Economy, 2017Co-Authors: Prema-chandra Athukorala, Tala Talgaswatta, Omer MajeedAbstract:Global Production sharing — cross-border dispersion of Production processes within vertically integrated Global industries — has been an increasingly important structural feature of economic Globalization in the recent decades. This paper examines patterns and determinants of Global Production sharing with an emphasis on how Australian manufacturing fits into Global Production networks (GPNs). Though Australia is a minor player in GPNs, there is evidence that Australian manufacturing has a distinct competitive edge in specialized, skill-intensive tasks in several industries such as aircrafts, medical devices, machine tools, measuring and scientific equipment, and photographic equipment. Specialization in high-value-to-weight components and final goods within GPNs, which are suitable for air transport, helps Australian manufacturing to overcome the 'tyranny of distance' in world trade. Being predominantly 'relationship-specific', Australian GPN exports are not significantly susceptible to real exchange rate appreciation.
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SME Participation in Global Production Networks: Analytical Issues and Evidence from Penang, Malaysia
Regional Growth and Sustainable Development in Asia, 2017Co-Authors: Prema-chandra AthukoralaAbstract:Cross-border dispersion of Production processes within vertically integrated Global industries, with each country specializing in a particular stage of the Production sequence, has been an increasingly important structural feature of economic Globalization in the recent decades. This phenomenon, ‘ Global Production sharing’ Global Production sharing ’, opens up opportunities for countries to participate in a finer international division of labour within given products, instead of producing the product from beginning to end within its national boundaries. This chapter examines how the interplay of Global sourcing strategies of multinational enterprises (MNEs) engaged in Global Production sharing and government policy in plugging domestic small and medium enterprises (SMEs) into Global Production networks through an illustrative case study of the export hub in the state of Penang in Malaysia. Forging operational links between MNE subsidiaries and local SMEs was an integral part of the export-led development strategy of the state. This policy emphasis was instrumental in fostering a SME supplier network around the operations of the MNE subsidiaries. A number of SMEs have become Global players in their own right, with Production bases in a number of other countries.
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Southeast Asian Countries in Global Production Networks
ASEAN Economic Community, 2016Co-Authors: Prema-chandra AthukoralaAbstract:Cross-border dispersion of different stages/slices of the Production processes within vertically integrated Global industries, which we label “Global Production sharing”1 in this chapter, has been a key structural change in the Global economy in recent decades (Jones and Kierzkowski, 2001; Helpman, 2011). This process of international division of labor opens up opportunities for countries to specialize in different slices (tasks) of the Production process in line with their relative cost advantages. Trade based on Global Production sharing, that is, trade in parts and components, and final assembly traded within Global Production networks, has been the prime mover of the dramatic shift in manufacturing exports from developed to developing countries (Krugman, 2008). Given this structural shift in trade patterns, the conventional approach to analyzing export performance, which treats international trade as an exchange of good produced from beginning to end in a given trading partner, is rapidly losing its relevance.
Marion Werner - One of the best experts on this subject based on the ideXlab platform.
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Geographies of Production I: Global Production and uneven development:
Progress in Human Geography, 2018Co-Authors: Marion WernerAbstract:Serial crises in the Global economy have spurred renewed debate over contemporary transformations in geographies of uneven development. Global Production network (GPN) studies have not been inured ...
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Global Production networks and uneven development: Exploring geographies of devaluation, disinvestment, and exclusion
Geography Compass, 2016Co-Authors: Marion WernerAbstract:This paper examines Global Production networks through the lens of uneven development. Although originally concerned with asymmetries in the Global economy, in the 1990s, Global Production network studies shifted decidedly towards a focus upon realizing the mutual benefits of engagement between multinationals, their suppliers, and the regions where the latter were located. Recent trends in supply chain restructuring, thrown into sharp relief by the 2008 financial crisis, have spurred more attention to the downsides of participation in Global Production networks, framed as empirical outcomes. Here, I explore this literature through the lens of three inter-related processes of uneven development: strategies to defer devaluation, regional disinvestment, and constitutive exclusion. Viewed from this perspective, the Global Production network can serve as a powerful heuristic device to grasp emerging forms of territorial and social unevenness in the Global economy.
Neil M. Coe - One of the best experts on this subject based on the ideXlab platform.
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Global Production networks: mapping recent conceptual developments
Journal of Economic Geography, 2019Co-Authors: Neil M. Coe, Henry Waichung YeungAbstract:In this framing paper for the special issue, we map significant research on Global Production networks during the past decade in economic geography and adjacent fields. In line with the core aim of the special issue to push for new conceptual advances, the paper focuses on the central elements of GPN theory to showcase recent rethinking related to the delimiting of Global Production networks, underlying political-economic drivers, actor-specific strategies and regional/national development outcomes. We suggest that the analytical purchase of this recent work is greater in research that has continued to keep a tight focus on the causal links between the organizational configurations of Global Production networks and uneven development. Concomitantly, considerable effort in the literature has gone into expanding the remit of GPN research in different directions, and we thus engage with five domains or ‘constituent outsides’ that relate to the state, finance, labour, environment and development. We believe such cross-domain fertilisation can help realize GPN 2.0’s potential for explaining uneven development in an interconnected world economy.
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Global Production Networks: Theorizing Economic Development in an Interconnected World
OUP Catalogue, 2015Co-Authors: Neil M. Coe, Henry Waichung YeungAbstract:Accelerating processes of economic Globalization have fundamentally reshaped the organization of the Global economy towards much greater integration and functional interdependence through cross-border economic activity. In this interconnected world system, a new form of economic organization has emerged: Global Production Networks (GPNs). This brings together a wide array of economic actors, most notably capitalist firms, state institutions, labour unions, consumers and non-government organizations, in the transnational Production of economic value. National and sub-national economic development in this highly interdependent Global economy can no longer be conceived of, and understood within, the distinct territorial boundaries of individual countries and regions. Instead, Global Production networks are organizational platforms through which actors in these different national or regional economies compete and cooperate for a larger share of the creation, transformation, and capture of value through transnational economic activity. They are also vehicles for transferring the value captured between different places. This book ultimately aims to develop a theory of Global Production networks that explains economic development in the interconnected Global economy. While primarily theoretical in nature, it is well grounded in cutting-edge empirical work in the parallel and highly impactful strands of social science literature on the changing organization of the Global economy relating to Global commodity chains (GCC), Global value chains (GVC), and Global Production networks (GPN).
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Integrating Finance into Global Production Networks
Regional Studies, 2014Co-Authors: Neil M. Coe, Karen P. Y. Lai, Dariusz WójcikAbstract:Coe N. M., Lai K. P. Y. and Wojcik D. Integrating finance into Global Production networks, Regional Studies. While successful in its aim of ‘Globalizing’ regional development, the Global Production network (GPN) approach has thus far paid less attention to the role of finance in the dynamics of the Global economy and regional development. This lacuna is significant as finance is arguably even more Globalized and networked than Production. To address this gap the paper distils the concept of the Global financial network (GFN) from financial geography and related scholarship, with advanced business services, world cities and offshore jurisdictions at the core. Interactions between the GPN and the GFN are discussed, focusing on the financing and financializing of GPNs and the co-evolution of Globalization and financialization. Integrating finance into GPN research entails more than a simple extension of the approach; it would also enrich it conceptually, and enable it methodologically and empirically.
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Global Production networks, labour and development
Geoforum, 2013Co-Authors: Neil M. Coe, Martin HessAbstract:Abstract This theme issue introduction profiles the small but growing body of research that explores the connections between Global Production networks, labour and development. It does so in three stages. First, it outlines key ongoing Global trends relating to the functional and spatial fragmentation of Production and consumption processes. Second, it considers the potential for worker agency within shifting Global Production network structures, asserting that such agency is shaped both by relations within Production networks and territorial institutional systems. Third, the implications for understandings of development are considered, and the need to move beyond the Production networks themselves to incorporate other actors and dimensions of place is identified. The introduction also outlines and positions the eight papers that follow against these broader debates.
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Geographies of Production II A Global Production network A–Z
Progress in Human Geography, 2011Co-Authors: Neil M. CoeAbstract:In this report, I use the organizing device of the A–Z to present a critical review of recent work under the banner of Global Production networks (GPN). The report positions GPN analysis in its bro...
Henry Waichung Yeung - One of the best experts on this subject based on the ideXlab platform.
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The trouble with Global Production networks
Environment and Planning A: Economy and Space, 2020Co-Authors: Henry Waichung YeungAbstract:Some sympathetic critics have recently found trouble with the latest iteration of the Global Production networks theory (GPN 2.0) developed in economic geography. I term these immanent critiques “G...
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Global Production networks: mapping recent conceptual developments
Journal of Economic Geography, 2019Co-Authors: Neil M. Coe, Henry Waichung YeungAbstract:In this framing paper for the special issue, we map significant research on Global Production networks during the past decade in economic geography and adjacent fields. In line with the core aim of the special issue to push for new conceptual advances, the paper focuses on the central elements of GPN theory to showcase recent rethinking related to the delimiting of Global Production networks, underlying political-economic drivers, actor-specific strategies and regional/national development outcomes. We suggest that the analytical purchase of this recent work is greater in research that has continued to keep a tight focus on the causal links between the organizational configurations of Global Production networks and uneven development. Concomitantly, considerable effort in the literature has gone into expanding the remit of GPN research in different directions, and we thus engage with five domains or ‘constituent outsides’ that relate to the state, finance, labour, environment and development. We believe such cross-domain fertilisation can help realize GPN 2.0’s potential for explaining uneven development in an interconnected world economy.
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Global Value Chains and Global Production Networks : Changes in the International Political Economy
2017Co-Authors: Jeffrey Neilson, Bill Pritchard, Henry Waichung YeungAbstract:1. Global value chains and Global Production networks in the changing international political economy: An introduction 2. Global value chains in a post-Washington Consensus world 3. Value chains, neoliberalism and development practice: The Indonesian experience 4. Governing the market in a Globalizing era: Developmental states, Global Production networks and inter-firm dynamics in East Asia 5. The role of the state as an inter-scalar mediator in Globalizing liquid crystal display industry development in South Korea 6. Market rebalancing of Global Production networks in the Post-Washington Consensus Globalizing era: Transformation of export-oriented development in China 7. Global models of networked organization, the positional power of nations and economic development 8. Explaining governance in Global value chains: A modular theory-building effort 9. Missing links: Logistics, governance and upgrading in a shifting Global economy
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toward a dynamic theory of Global Production networks
Economic Geography, 2015Co-Authors: Henry Waichung YeungAbstract:Global Production networks (GPN) are organizational platforms through which actors in different regional and national economies compete and cooperate for a greater share of value creation, transformation, and capture through geographically dispersed economic activity. Existing conceptual frameworks on Global value chains (GVC) and what we term GPN 1.0 tend to under-theorize the origins and dynamics of these organizational platforms and to overemphasize their governance typologies (e.g., modular, relational, and captive modes in GVC theory) or analytical categories (e.g., power and embeddedness in GPN 1.0). Building on this expanding literature, our article aims to contribute toward the reframing of existing GPN-GVC debates and the development of a more dynamic theory of Global Production networks that can better explain the emergence of different firm-specific activities, strategic network effects, and territorial outcomes in the Global economy. It is part of a wider initiative—GPN 2.0 in short—that seeks to offer novel theoretical insights into why and how the organization and coordination of Global Production networks varies significantly within and across different industries, sectors, and economies. Taking an actor-centered focus toward theory development, we tackle a significant gap in existing work by systematically conceptualizing the causal drivers of Global Production networks in terms of their competitive dynamics (optimizing cost-capability ratios, market imperatives, and financial discipline) and risk environments. These capitalist dynamics are theorized as critical independent variables that shape the four main strategies adopted by economic actors in (re)configuring their Global Production networks and, ultimately, the developmental outcomes in different industries, regions, and countries.
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Global Production Networks: Theorizing Economic Development in an Interconnected World
OUP Catalogue, 2015Co-Authors: Neil M. Coe, Henry Waichung YeungAbstract:Accelerating processes of economic Globalization have fundamentally reshaped the organization of the Global economy towards much greater integration and functional interdependence through cross-border economic activity. In this interconnected world system, a new form of economic organization has emerged: Global Production Networks (GPNs). This brings together a wide array of economic actors, most notably capitalist firms, state institutions, labour unions, consumers and non-government organizations, in the transnational Production of economic value. National and sub-national economic development in this highly interdependent Global economy can no longer be conceived of, and understood within, the distinct territorial boundaries of individual countries and regions. Instead, Global Production networks are organizational platforms through which actors in these different national or regional economies compete and cooperate for a larger share of the creation, transformation, and capture of value through transnational economic activity. They are also vehicles for transferring the value captured between different places. This book ultimately aims to develop a theory of Global Production networks that explains economic development in the interconnected Global economy. While primarily theoretical in nature, it is well grounded in cutting-edge empirical work in the parallel and highly impactful strands of social science literature on the changing organization of the Global economy relating to Global commodity chains (GCC), Global value chains (GVC), and Global Production networks (GPN).
Robyn Mayes - One of the best experts on this subject based on the ideXlab platform.
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A social licence to operate: Corporate social responsibility, local communities and the constitution of Global Production networks
Global Networks, 2015Co-Authors: Robyn MayesAbstract:This article contributes to the theorization of the role of informal regulation (undertaken by leading firms) in the ongoing organization of Global Production networks. It does so through a qualitative case study of BHP Billiton's Ravensthorpe Nickel Operation (RNO) in the rural Shire of Ravensthorpe in Western Australia. This less tangible, and to date under-researched, dimension of Global Production networks is foregrounded through a focus on the corporate social responsibility strategy implemented by RNO in the service of achieving and/or demonstrating a broader ‘social licence to operate’. This ‘licence’ functions – beyond the corporation – as a legitimated and legitimating multi-scalar mechanism through which to gain and maintain access to mineral resources and thus to establish viable and ongoing Global Production networks. Further, this informal regulation is shown to shape social relations and qualities of place conducive to competitive Global mineral extraction and to facilitate the positioning of local communities and places in mineral Global Production networks.
