Journal
GLOBAL NETWORKS-A JOURNAL OF TRANSNATIONAL AFFAIRS
Volume 18, Issue 2, Pages 207-237Publisher
WILEY
DOI: 10.1111/glob.12180
Keywords
GLOBAL COMMODITY CHAINS; GLOBAL PRODUCTION NETWORKS; GLOBAL VALUE CHAINS; POLYCENTRIC TRADE
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Funding
- University of Manchester Hallsworth Research Fellowship
- ESRC [ES/N001885/1, ES/J013234/1]
- Economic and Social Research Council [ES/J013234/1, ES/N001885/1] Funding Source: researchfish
- ESRC [ES/N001885/1, ES/J013234/1] Funding Source: UKRI
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A growing body of research points to the Rise of the South' and the growth of South-South trade. In this article, we consider the implications of the shifting dynamics of global trade and the greater prominence of Southern actors for the conceptualization of global value chains (GVCs) and global production networks (GPNs). We use trade data analysis to explore the changing geography of global trade and to highlight the emergence of more polycentric trade. We argue that our understanding of GVCs and GPNs, in a context where Southern actors and Southern end markets have more prominent roles, requires greater attention to the existence of multiple value chains (VCs) and production networks (PNs) serving different end markets - including domestic, regional and global. Consequently, there is a need to refine our understanding of both governance dynamics - lead firm strategies and standards requirements - and upgrading prospects through recognizing this shifting trade geography. We conclude by raising several new research questions regarding the conceptualization of VCs and PNs in a world where Southern actors and Southern markets are increasingly important.
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