30 Years of Global Value Chains Research:Theoretical Divergence and Policy Change
In practice,the global value chains(GVC)has been a vivid portrayal of economic globalization since 1990s,theoretically,GVC has promoted the major innovation of international trade theory and become the theoretical basis of a series of interdisciplinary re-searches.This paper first clarifies the significance of value addition and value distribution as the core concepts of GVC research,and sorts out the development periods of GVCs in the past 30 years,including the rapid development period after the end of the Cold War,the slow recovery period after the financial crisis,and the period of transfer to regional value chains after the pandemic.Policy practice at dif-ferent stage has triggered the divergence of theoretical development,including the analysis of production organization mode with intra-product division of labor,FDI,and outsourcing as the core,the analysis of governance structure based on leading firms and convention principles,and the political economy analysis based on the relationship between the state and the market,the relationship between security and economy,and industrial policy competition.The divergence of research paradigms reflects the changes in the technical and institu-tional basis of GVCs in different periods,and also reflects the dynamic mechanism of GVC development.The research on GVC by Chi-nese scholars has shifted from a functionalist international perspective to a developmentalist perspective that anchors China's problems and embodies China's consciousness,which lays a solid theoretical foundation for China to better participate in the reconstruction of GVC and address international political and economic challenges.
global value chainsintra-product specializationlead firmindustrial competitioninstitutional deficit
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