- Preface and Acknowledgements
- New to this Edition
- List of Figures
- List of Boxes
- List of Tables
- Abbreviations
- About the Contributors
- Guided Tour of Learning Features
- Guided Tour of the Online Resources
- Part I Theoretical Approaches to Global Political Economy
- 1. The Study of Global Political Economy
- 2. The Nineteenth-Century Roots of Theoretical Traditions in Global Political Economy
- 3. Cooperation and Conflict in the Global Political Economy
- 4. The Domestic Sources of Foreign Economic Policies
- Part II Global Trade and Production
- 5. The Evolution of the Global Trade Regime
- 6. Regional Trade Agreements
- 7. The Globalization of Production
- Part III Global Finance
- 8. The Evolution of the International Monetary and Financial System
- 9. Financial Openness and the Challenge of Global Governance
- Part IV Globalization and the State
- 10. The Logics of Economic Globalization
- 11. Globalization’s Impact on States
- Part V Development, Equality, and the Environment
- 12. Global Growth, Inequality, and Poverty
- 13. The Political Economy of Development
- 14. The Political Economy of the Environment
- Glossary
- References
- Index
(p. 175) 7. The Globalization of Production
- Chapter:
- (p. 175) 7. The Globalization of Production
- Author(s):
Eric Thun
- DOI:
- 10.1093/hepl/9780198820642.003.0007
This chapter addresses the globalization of production. Although companies have been investing abroad for centuries, the most recent era of globalization has created an unprecedented range of possibilities for global firms to reorganize and relocate their activities. The chapter analyses how advances in transportation and technology allow a firm to divide up a global value chain — the sequence of activities that lead to the production of a particular good or service — and how these decisions create new opportunities and challenges for both companies and the societies within which they operate. It first reviews the rise of global production and the forces that have led to dramatic increases in foreign direct investment (FDI) and outsourcing. The central questions for any firm involved in global production involves how to govern the value chain and where to locate different activities. The chapter then provides a framework for understanding these issues and the implications of the various choices. It also applies these concepts to the case of East Asia, particularly China.
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- Preface and Acknowledgements
- New to this Edition
- List of Figures
- List of Boxes
- List of Tables
- Abbreviations
- About the Contributors
- Guided Tour of Learning Features
- Guided Tour of the Online Resources
- Part I Theoretical Approaches to Global Political Economy
- 1. The Study of Global Political Economy
- 2. The Nineteenth-Century Roots of Theoretical Traditions in Global Political Economy
- 3. Cooperation and Conflict in the Global Political Economy
- 4. The Domestic Sources of Foreign Economic Policies
- Part II Global Trade and Production
- 5. The Evolution of the Global Trade Regime
- 6. Regional Trade Agreements
- 7. The Globalization of Production
- Part III Global Finance
- 8. The Evolution of the International Monetary and Financial System
- 9. Financial Openness and the Challenge of Global Governance
- Part IV Globalization and the State
- 10. The Logics of Economic Globalization
- 11. Globalization’s Impact on States
- Part V Development, Equality, and the Environment
- 12. Global Growth, Inequality, and Poverty
- 13. The Political Economy of Development
- 14. The Political Economy of the Environment
- Glossary
- References
- Index
