Harnessing Global Value Chains for regional development: How to upgrade through regional policy, FDI and trade

This book examines the role of global value chains (GVCs) and foreign direct investment (FDI) in regional development and policy. It argues that sub-national regions can leverage these factors for innovation and upgrading, or "levelling up." The book provides a comprehensive description and explanation of why GVCs and FDI matter for regional development and offers insights on how regions can build, embed, and reshape GVCs to their local enhancement. It adopts a three-fold approach: first, it looks at why GVCs and FDI matter and why sub-national policymakers should focus on upgrading; second, it offers new conceptualizations and critical insights on the regional drivers and impacts of global connectivity; and third, it provides practical guidance on how policymakers can leverage GVCs and FDI for their regional benefit, with a particular reference to less developed regions.

Format: Paperback / softback
Length: 116 pages
Publication date: 03 March 2023
Publisher: Taylor & Francis Ltd

This Policy Impact Book on Regional Studies brings together the latest academic evidence and public policy insights with global value chains (GVCs) and foreign direct investment (FDI). It offers a comprehensive description and explanation of why these entities matter for regional development and policy. The book's focus is on how sub-national regions can leverage GVCs and FDI for innovation and upgrading, often referred to as "levelling up." Specifically, it examines how regions can build, embed, and reshape GVCs to their local enhancement.

The book makes a compelling case for proactive sub-national public policy, emphasizing the engagement of GVCs. It adopts a three-fold approach. Firstly, it delves into the reasons why GVCs and FDI matter and why sub-national policymakers should prioritize their attention on upgrading. It critically reviews different research streams and evidence to identify key definitions and conceptual foundations for analyzing the link between GVCs, FDI, and innovation at the sub-national and local levels.

Secondly, the book explores what factors drive and impact global connectivity on regional development. It offers new conceptualizations and critical insights that bridge macro-international and micro-firm-level approaches. By doing so, it provides a holistic understanding of the regional drivers and consequences of global connectivity.

Thirdly, the book focuses on the critical how. It aims to review empirical evidence and available policy evaluations to highlight what works (and what does not) when leveraging GVCs and FDI to shape public policies, particularly with reference to less developed regions. The book employs non-technical language throughout, making it accessible to a broader audience interested in these topics.

If you are interested in regional studies, global economics, and public policy, this book is a valuable resource. It provides insights into the complex relationships between GVCs, FDI, and regional development, and offers practical strategies for policymakers to leverage these entities for their regional benefit.

Weight: 244g
Dimension: 245 x 175 x 10 (mm)
ISBN-13: 9781032410760