IDEAS home Printed from https://ideas.repec.org/a/pal/joibpo/v4y2021i2d10.1057_s42214-021-00110-z.html
   My bibliography  Save this article

Exogenous and endogenous change in global value chains

Author

Listed:
  • Peter J. Buckley

    (Leeds University Business School)

Abstract

Zhan (J Int Business Policy https://doi.org/10.1057/s42214-020-00088-0 , 2021) identifies five major forces that will drive the transformation of global value chains (GVCs) and redefine the global trade and investment landscape. The key to understanding GVCs is to recognize the MNEs that control them. A detailed knowledge of differing contexts is required to predict the outcomes of the dynamic processes identified in his paper, but this must be analyzed on a consistent and coherent theoretical basis. The key argument made in this paper is that the impact of these trends can be traced through exogenous changes that work through the internalization, location, and governance decisions of multinational enterprises (MNEs). MNEs also initiate some of these megatrends directly through the creation of new technologies and products and through their direct influence on civil society and policy at all levels of formulation and implementation. These decisions of MNEs interact and evolve together with pressure from civil society and government policy changes to give outcomes for GVCs that are predictable but will be determined by the context of global, national, and local circumstances.

Suggested Citation

  • Peter J. Buckley, 2021. "Exogenous and endogenous change in global value chains," Journal of International Business Policy, Palgrave Macmillan, vol. 4(2), pages 221-227, June.
    • Handle: RePEc:pal:joibpo:v:4:y:2021:i:2:d:10.1057_s42214-021-00110-z
    DOI: 10.1057/s42214-021-00110-z
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s42214-021-00110-z
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1057/s42214-021-00110-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Peter Buckley & Mark Casson, 2019. "Decision-making in international business," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(8), pages 1424-1439, October.
    2. Peter J. Buckley & Mark Casson, 1991. "The Future of the Multinational Enterprise," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-21204-0.
    3. Jean-François Hennart, 2009. "Down with MNE-centric theories! Market entry and expansion as the bundling of MNE and local assets," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 40(9), pages 1432-1454, December.
    4. Ari Van Assche, 2020. "Trade, investment and intangibles: The ABCs of global value chain-oriented policies," OECD Trade Policy Papers 242, OECD Publishing.
    5. Niraja Srinivasan & Lorraine Eden, 2021. "Going digital multinationals: Navigating economic and social imperatives in a post-pandemic world," Journal of International Business Policy, Palgrave Macmillan, vol. 4(2), pages 228-243, June.
    6. Liang Chen & Noman Shaheer & Jingtao Yi & Sali Li, 2019. "The international penetration of ibusiness firms: Network effects, liabilities of outsidership and country clout," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(2), pages 172-192, March.
    7. Casson, Mark, 1995. "Enterprise and Competitiveness: A Systems View of International Business," OUP Catalogue, Oxford University Press, number 9780198289579.
    8. Peter J. Buckley & Roger Strange & Marcel P. Timmer & Gaaitzen J. de Vries, 2020. "Catching-up in the global factory: Analysis and policy implications," Journal of International Business Policy, Palgrave Macmillan, vol. 3(2), pages 79-106, June.
    9. Olga Petricevic & David J Teece, 2019. "The structural reshaping of globalization: Implications for strategic sectors, profiting from innovation, and the multinational enterprise," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(9), pages 1487-1512, December.
    10. James X. Zhan, 2021. "GVC transformation and a new investment landscape in the 2020s: Driving forces, directions, and a forward-looking research and policy agenda," Journal of International Business Policy, Palgrave Macmillan, vol. 4(2), pages 206-220, June.
    11. Peter J Buckley & Niron Hashai, 2004. "A global system view of firm boundaries," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 35(1), pages 33-45, January.
    12. Sébastien Miroudot, 2020. "Reshaping the policy debate on the implications of COVID-19 for global supply chains," Journal of International Business Policy, Palgrave Macmillan, vol. 3(4), pages 430-442, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Islam, Mohammad Tarikul & Chadee, Doren, 2023. "Stuck at the bottom: Role of tacit and explicit knowledge on innovation of developing-country suppliers in global value chains," International Business Review, Elsevier, vol. 32(2).
    2. Mattia Ubaldo & Steven McGuire & Vikrant Shirodkar, 2022. "Voluntary programs and emissions revisited: What is the effect of EU trade agreements with environmental provisions?," Journal of International Business Policy, Palgrave Macmillan, vol. 5(4), pages 467-489, December.
    3. Ling Liu & Jose Godinez & John Henley & J. Mauricio Galli Geleilate, 2023. "Corruption distance and the equity-based foreign entry strategies of multinational enterprises in sub-Saharan Africa," Journal of International Business Policy, Palgrave Macmillan, vol. 6(4), pages 492-510, December.
    4. Juan Manuel Ramon Jeronimo & Raquel Flórez López, 2024. "Special Issue: Advances in International Management Research," JRFM, MDPI, vol. 17(1), pages 1-3, January.
    5. Reilly, Marty & Scott, Pamela Sharkey & Tippmann, Esther & Mangematin, Vincent, 2023. "Sustaining competence creation in the multinational enterprise: The role of piloting in subsidiaries," Journal of International Management, Elsevier, vol. 29(3).
    6. De Beule, Filip & Van Assche, Ari & Nevens, Joren, 2022. "Additive Manufacturing and Production Internationalization: An Internalization Perspective," Journal of International Management, Elsevier, vol. 28(4).
    7. Sarianna Lundan & Ari Assche, 2021. "From the editors: Reflections on the nexus of complementarity between international business research and the policy practitioner community," Journal of International Business Policy, Palgrave Macmillan, vol. 4(2), pages 201-205, June.
    8. Puhr, Harald & Müllner, Jakob, 2022. "Foreign to all but fluent in many: The effect of multinationality on shock resilience," Journal of World Business, Elsevier, vol. 57(6).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Satish Nambisan & Yadong Luo, 2021. "Toward a loose coupling view of digital globalization," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(8), pages 1646-1663, October.
    2. Carlo Pietrobelli & Roberta Rabellotti & Ari Van Assche, 2021. "Making sense of global value chain-oriented policies: The trifecta of tasks, linkages, and firms," Journal of International Business Policy, Palgrave Macmillan, vol. 4(3), pages 327-346, September.
    3. Godinho, Manuel Mira & Simões, Vítor Corado, 2023. "The Tech Cold War: What can we learn from the most dynamic patent classes?," International Business Review, Elsevier, vol. 32(6).
    4. Zeng, Jing & Khan, Zaheer & De Silva, Muthu, 2019. "The emergence of multi-sided platform MNEs: Internalization theory and networks," International Business Review, Elsevier, vol. 28(6), pages 1-1.
    5. Mats Forsgren & Ulf Holm, 2022. "Controlling without owning – owning without controlling: A critical note on two extensions of internalization theory," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(8), pages 1734-1746, October.
    6. Douglas Cumming & Sofia Johan & Zaheer Khan & Martin Meyer, 2023. "E-Commerce Policy and International Business," Management International Review, Springer, vol. 63(1), pages 3-25, February.
    7. Peter J Buckley & Cristian Luise & Hinrich Voss, 2023. "A Coasean approach to strategies of ownership and control: A commentary on Forsgren and Holm’s (2021) “Controlling without owning – owning without controlling”," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(6), pages 1115-1120, August.
    8. Velásquez, Iris María Cantillo & Vargas, Yamile León, 2022. "Tendencias de investigación en los negocios internacionales," Revista Tendencias, Universidad de Narino, vol. 23(2), pages 273-302, July.
    9. Jane W. Lu & Hao Ma & Xuanli Xie, 2022. "Foreignness research in international business: Major streams and future directions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(3), pages 449-480, April.
    10. Jiménez, Alfredo & Lupton, Nathaniel C., 2021. "Terrorism hazard and infrastructure projects: The moderating role of home experience and institutions," Journal of Business Research, Elsevier, vol. 135(C), pages 721-730.
    11. Sarianna Lundan & John Cantwell, 2020. "The local co-evolution of firms and governments in the Information Age," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(9), pages 1516-1528, December.
    12. Niraja Srinivasan & Lorraine Eden, 2021. "Going digital multinationals: Navigating economic and social imperatives in a post-pandemic world," Journal of International Business Policy, Palgrave Macmillan, vol. 4(2), pages 228-243, June.
    13. Enderwick, Peter, 2018. "The scope of corporate social responsibility in networked multinational enterprises," International Business Review, Elsevier, vol. 27(2), pages 410-417.
    14. De Beule, Filip & Van Assche, Ari & Nevens, Joren, 2022. "Additive Manufacturing and Production Internationalization: An Internalization Perspective," Journal of International Management, Elsevier, vol. 28(4).
    15. Stallkamp, Maximilian & Hunt, Richard A. & Schotter, Andreas P.J., 2022. "Scaling, fast and slow: The internationalization of digital ventures," Journal of Business Research, Elsevier, vol. 146(C), pages 95-106.
    16. Jiatao Li & Liang Chen & Jingtao Yi & Jiye Mao & Jianwen Liao, 2019. "Ecosystem-specific advantages in international digital commerce," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(9), pages 1448-1463, December.
    17. Peter J. Buckley, 2018. "Internalisation Theory and Outward Direct Investment by Emerging Market Multinationals," Management International Review, Springer, vol. 58(2), pages 195-224, April.
    18. Buckley, Peter J., 2016. "The contribution of internalisation theory to international business: New realities and unanswered questions," Journal of World Business, Elsevier, vol. 51(1), pages 74-82.
    19. Zeng, Jing, 2022. "Orchestrating ecosystem resources in a different country: Understanding the integrative capabilities of sharing economy platform multinational corporations," Journal of World Business, Elsevier, vol. 57(6).
    20. Enderwick, Peter & Buckley, Peter J., 2019. "Beyond supply and assembly relations: Collaborative innovation in global factory systems," Journal of Business Research, Elsevier, vol. 103(C), pages 547-556.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:joibpo:v:4:y:2021:i:2:d:10.1057_s42214-021-00110-z. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.