Nurturing International Business research through Global Value Chains literature: A review and discussion of future research opportunities

Marchi, Valentina De; Maria, Eleonora Di; Golini, Ruggero; Perri, Alessandra

doi:10.1016/j.ibusrev.2020.101708

Cited by 88 publications

(84 citation statements)

References 121 publications

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“…The GVC approach has spawned a proliferation of review articles that highlight the complementarity of scholarship on GVCs, global strategy, and international business, including the evolving capabilities of MNE lead firms and domestic suppliers (Hernandez & Pedersen, 2017 ; Kano, Tsang, & Yeung, 2020 ; McWilliam, Kim, Mudambi, & Nielsen, 2020 ; De Marchi, Di Maria, Golini, & Perri, 2020 ). In effect, GVCs link the macro-level of international trade, investment, and finance with the meso-level of national and regional economies, and the micro-level of local suppliers, communities, and workers.…”

Section: The Global Value Chain Frameworkmentioning

confidence: 99%

What does the COVID-19 pandemic teach us about global value chains? The case of medical supplies

2020

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The COVID-19 pandemic has caused a dramatic shortage in the medical supplies needed to treat the virus due to a massive surge in demand as the disease circled the globe during the first half of 2020. Prior to the crisis, there was an interdependence of trade and production for medical supplies, with advanced industrial countries like the United States and Germany specializing in the relatively high-tech medical devices sector, while low-cost production hubs such as China and Malaysia were leading producers of less technologically sophisticated personal protective equipment (PPE) products such as face masks, surgical gloves, and medical gowns. After the COVID-19 outbreak, global shortages of PPE products emerged as many affected countries imposed export controls and sought ways to boost domestic output. A case study of the face mask value chain in the United States shows misalignments between the priorities of U.S. federal government officials and the strategies of leading U.S. multinational producers of face masks, which resulted in exceptionally costly policy delays in terms of health outcomes. On balance, the U.S. shortage of N95 respirators during the COVID-19 pandemic is more a policy failure than a market failure. The global value chain framework highlights strategic options that could lead to more resilient supply chains and diversified sourcing patterns.

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Section: The Global Value Chain Frameworkmentioning

confidence: 99%

What does the COVID-19 pandemic teach us about global value chains? The case of medical supplies

2020

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“…Production is increasingly taking place within interfirm networks that span international borders in which activities are governed by powerful global lead firms. These networks, known as GVCs, are pervasive across industries and countries [ 6 ] and are acknowledged as a long-lasting feature of the global economy and potentially resilient to the current COVID-19 crisis. Production fragmentation and trade integration in long linear chains of independent yet interconnected firms pose key challenges to the realization of the circular economy, which is aimed at closing the loops throughout all production steps.…”

Section: Establishing Conceptual Inroads For the Next Generation Of Cmentioning

confidence: 99%

From Sustainable Global Value Chains to Circular Economy—Different Silos, Different Perspectives, but Many Opportunities to Build Bridges

et al. 2021

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A growing interest in the circular economy concept has pushed the discourse in various management-related disciplines beyond established boundaries, with calls to better address how such a model may be developed in a world of global value chains. Still, the conventional linear economy model continues to dominate business, society, and research. While the concept of better connecting physical output and input flows at multiple production or consumption levels is becoming more accepted, it remains unclear how to make this happen while ensuring that sustainability targets are met or exceeded. Multiple scientific communities contribute different perspectives to this discourse, with promising opportunities for research. Circular economy and sustainability from business and economics perspectives are multifaceted. The existing body of knowledge needs to be advanced to assist private individuals, business managers, investors, or policymakers in making informed decisions. In this article for the inaugural issue, we provide a snapshot of the discourses among those who have studied the circular economy and its related topics. We outline conceptual inroads and potential research questions to encourage further circular economy and sustainability research and discourse from business or economics perspectives as well as from the broader transdisciplinary angle. We propose three research pathways: (1) connecting output with input needs in a global circular economy; (2) beyond today’s business logic for a global circular economy; and (3) inclusion of the Global South in North-dominated circular economies. For each, we propose concepts, theories, or methodological approaches and offer various perspectives from the micro, macro, and meso levels.

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“…In the last decade, the concept of upgrading 2 has been extended to cover social and environmental aspects (De Marchi et al, 2020), following increased attention to the adverse impact of globalization on developing economies. Social upgrading is anchored in the International Labor Organization (ILO) framework on 'decent work', and defined as the improvement in the rights and entitlements of workers and enhanced quality of employment (Barrientos, Gereffi, & Rossi, 2011a, Barrientos, Mayer, Pickles, & Posthuma, 2011bGereffi & Lee, 2016).…”

Section: Upgrading and Gvc-oriented Statementioning

confidence: 99%

“…Global value chain (GVC) and global production network (GPN) frameworks are being increasingly adopted by academics and practitioners as a means to understand the global organization of industries and their developmental impact (De Marchi et al, 2020) 1 . Central to these frameworks is the attention given to nonequity-linked trade governed by powerful multinationals -socalled 'global lead firms', who are driving the development of industries worldwide (Gereffi, 2014;Gereffi et al, 2005).…”

Section: Introductionmentioning

confidence: 99%

State policies and upgrading in global value chains: A systematic literature review

Marchi

Alford

2021

J Int Bus Policy

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This paper examines the role of state policymaking in a context of global value chains (GVCs). While the literature acknowledges that states matter in GVCs, there is little understanding of how they matter from a policy perspective. We address this tension between theory and practice by first delineating the state’s facilitator, regulator, producer and buyer roles. We then explore the extent to which corresponding state policies enable or constrain the following policy objectives: GVC participation; value capture; and social and environmental upgrading. We do so via a systematic review of academic GVC literature, combined with analysis of seminal policy publications by International Organizations. Our findings indicate that state policymakers leverage facilitative strategies to achieve GVC participation and enhanced value capture; with regulatory and public procurement mechanisms adopted to address social and environmental goals. Mixed results also emerged, highlighting tensions between policies geared towards economic upgrading on the one hand, and social and environmental upgrading on the other. Finally, we suggest that effective state policies require a multi-scalar appreciation of GVC dynamics, working with multiple and sometimes competing stakeholders to achieve their developmental objectives.

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Nurturing International Business research through Global Value Chains literature: A review and discussion of future research opportunities

Cited by 88 publications

References 121 publications

What does the COVID-19 pandemic teach us about global value chains? The case of medical supplies

What does the COVID-19 pandemic teach us about global value chains? The case of medical supplies

From Sustainable Global Value Chains to Circular Economy—Different Silos, Different Perspectives, but Many Opportunities to Build Bridges

State policies and upgrading in global value chains: A systematic literature review

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