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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Epilogue

Gale Raj-Reichert, Gary Gereffi and Stefano Ponte

Abstract

The Epilogue of this Handbook takes stock of the state of the art of global value chain analysis in order to chart future directions for research. It outlines a number of new or forward-looking issues that are likely to become increasingly important to understand, as the ‘world of GVCs’ is changing and thus will have new and different impacts on economies, societies and environments.

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