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Towards regenerative regional development in responsible value chains: An agentic response to recent crises

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  • Markus Grillitsch
  • Bjørn T. Asheim

Abstract

In this paper, we empirically and theoretically present regenerative regional development in responsible value chains as an alternative to the prevailing traditional, neoliberal economic rationale of globalization. We develop the argument on the back of a longitudinal in-depth case study on actors’ engagement in the recurring crises in the maritime industry in Sunnmøre/Norway. The alternative perspective is an agentic response from the business community in the wake of recent crises. It builds on advanced manufacturing capabilities, automation, and precision technologies, which promise local economic regeneration while reducing the reliance on low-cost labor, substantially cuts emissions through reduced long-haul transport, use of green energy, and more energy-efficient production processes. To succeed, however, it calls for policies that promote the building of local capabilities and penalize practices causing environmental and social harm in global value chains, making it possible to move towards responsible and shorter value chains.

Suggested Citation

  • Markus Grillitsch & Bjørn T. Asheim, 2023. "Towards regenerative regional development in responsible value chains: An agentic response to recent crises," Papers in Evolutionary Economic Geography (PEEG) 2310, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Apr 2023.
    • Handle: RePEc:egu:wpaper:2310
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    References listed on IDEAS

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    More about this item

    Keywords

    Regional resilience; sustainability transformation; human agency; global value chains; automation and industry 4.0; innovation; industrial and innovation policy;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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