Local Clusters in Global Value Chains
The international fragmentation of economic activities – from research and design to production and marketing – described through the lens of the global value chain (GVC) approach impacts the structure and performance of small and medium-sized enterprises (SMEs) agglomerated in economic clusters. The consolidation of GVCs ruled by global lead firms and the recession of 2008-09 exacerbated the pressures on cluster actors that based their competitive advantage on local systems, spurring an increasing heterogeneity, both across and within clusters, that is still overlooked in the literature.
Drawing on detailed studies of different industries and countries, Local Clusters in Global Value Chains shows the co-evolutionary trajectories of clusters and GVCs, and the role of firms and their strategies in organizing manufacturing and innovation activities in the context of ongoing technological shifts. The book explores the tension between place-based variables and global drivers of change, and the possibility for territories containing such clusters to prosper in the new global scenario. By adopting insights from the GVC framework and management studies, the book discusses how the internationalization strategies of firms create opportunities as well as constraints for adaptive upgrading in clusters.
This book is of interest to both researchers and policy-makers who are interested in the dynamic sources of competitive advantage in the global economy.
Valentina De Marchi is Assistant Professor at the Department of Economics and Management at the University of Padova, Italy. Her research focuses on the managerial implications of environmental innovations and on the evolution of industrial districts within global value chains
Eleonora Di Maria is Associate Professor at the Department of Economics and Management at the University of Padova, Italy. Her research focuses on internationalization, innovation and sustainability strategies of firms and local economic systems, as well as on evolutionary trends of knowledge- intensive business services.
Gary Gereffi is Professor of Sociology and Founding Director of the Center on Globalization, Governance, & Competitiveness at Duke University. He published numerous books and articles on globalization and social and economic development; he is one of the originators of the global value chain framework.