Chapter

Development

Neil M. Coe and Henry Wai-chung Yeung

in Global Production Networks

Published in print June 2015 | ISBN: 9780198703907
Published online May 2015 | e-ISBN: 9780191773099 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780198703907.003.0005
Development

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This chapter uses the preceding analysis of the organization, dynamics, and strategies of global production networks to explain the diverse patterns of uneven economic development within the global economy. As such, it completes the book’s three-step approach to theorizing economic development in an interconnected world with global production networks as the central driver. The chapter develops the concept of ‘value capture trajectories’ as a new way of thinking about the highly varied and dynamic outcomes for firms both articulated into, and disarticulated from, global production networks. In turn, the developmental implications of those value trajectories are analysed through the lens of the different modes and types of strategic coupling that may become apparent at the sub-national regional level. The chapter also discusses how these dynamic modes of coupling are themselves highly contested by a range of actors both within and beyond the constituent global production networks.

Keywords: economic development; global economy; value capture trajectories; industrial upgrading; strategic coupling; articulations and disarticulations; local and regional economy; development politics

Chapter.  14876 words.  Illustrated.

Subjects: International Business ; Knowledge Management

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