Handbook on Global Value Chains
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Handbook on Global Value Chains

Edited by Stefano Ponte, Gary Gereffi and Gale Raj-Reichert

Global value chains (GVCs) are a key feature of the global economy in the 21st century. They show how international investment and trade create cross-border production networks that link countries, firms and workers around the globe. This Handbook describes how GVCs arise and vary across industries and countries, and how they have evolved over time in response to economic and political forces. With chapters written by leading interdisciplinary scholars, the Handbook unpacks the key concepts of GVC governance and upgrading, and explores policy implications for advanced and developing economies alike.
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Chapter 25: Local clusters and global value chains

Eleonora Di Maria, Valentina De Marchi and Gary Gereffi

Abstract

The chapter discusses the co-evolution of clusters and global value chains (GVCs) and proposes an integrated analysis of the organization of economic activities between the global and local levels. It explores the evolutionary characteristics of local clusters from theoretical perspectives rooted in management, economic geography and innovation studies. Connections between the cluster and GVC literatures focus on three key analytical dimensions: economic activities, key actors and relationships. The chapter discusses how GVC studies can incorporate the dynamics of clusters, and it offers new insights on how to interpret, measure and capture the changes occurring at the cluster level with an emphasis on co-evolutionary trajectories of change. Cluster research can provide inputs for the GVC framework, taking into account links between manufacturing and innovation in the emerging landscape.

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