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Global Structural Change And Value Chains In Services: A Reappraisal

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  • Maria Savona

    (Science Policy Research Unit (SPRU), University of Sussex)

Abstract

The scholarship on Global Value Chains is very recently recognising the increasing importance of fragmentation of production that involves services – and in particular business services – offshoring. A predominant stand by scholars emerges in this embryonic domain (Blinder, 2006; Gereffi and Fernandez-Stark, 2010; Ventura, 2014). Participation in GVC in business services might be considered a sort of ‘third unbundling’ of internationalisation of production, which opens up new opportunities for catching up in transition and developing countries. What are the theoretical and empirical bases for such a claim? Do these apply to both developed and developing contexts? Is the occurrence of “a flat world” (Friedman, 2005) ultimately responsible for a global sectoral structural change involving services? Is this process leading to smart and equitable catching up processes? This chapter selectively systematises the traditional and emerging literature on GVCs and claims the importance of domestic and local Hirschman-linked specialisation before joining GVCs as a catching-up strategy.

Suggested Citation

  • Maria Savona, 2015. "Global Structural Change And Value Chains In Services: A Reappraisal," SPRU Working Paper Series 2015-19, SPRU - Science Policy Research Unit, University of Sussex Business School.
  • Handle: RePEc:sru:ssewps:2015-19
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    Cited by:

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    2. Javier López González & Valentina Meliciani & Maria Savona, 2019. "When Linder meets Hirschman: inter-industry linkages and global value chains in business services," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 28(6), pages 1555-1586.
    3. Lorenz Gollwitzer & David Ockwell & Adrian Ely, 2015. "Institutional Innovation in the Management of Pro-Poor Energy Access in East Africa," SPRU Working Paper Series 2015-29, SPRU - Science Policy Research Unit, University of Sussex Business School.
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    More about this item

    Keywords

    Business services; global value chains; Hirschman linkages; development;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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