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Value chains and the world economy: genealogies and reformulations

In: Handbook of the International Political Economy of the Corporation

Author

Listed:
  • Liam Campling
  • Benjamin Selwyn

Abstract

Global commodity chain, global value chain and global production network (GCC/GVC/GPN) approaches (here simply labelled GVC analysis) are part and parcel of mainstream development theory and practice. This chapter introduces and discusses critically these approaches. It: (1) describes their utility in understanding globalizing processes; (2) traces their lineage and evolution; (3) highlights and explains their key concepts; (4) illuminates some of their limitations; and (5) identifies ways in which they can be advanced further.

Suggested Citation

  • Liam Campling & Benjamin Selwyn, 2018. "Value chains and the world economy: genealogies and reformulations," Chapters, in: Andreas Nölke & Christian May (ed.), Handbook of the International Political Economy of the Corporation, chapter 26, pages 416-434, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16821_26
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