By John Pickles, Adrian Smith et al.
Articulations of Capital offers an available, grounded, but theoretically-sophisticated account of the geographies of worldwide construction networks, worth chains, and local improvement in post-socialist japanese and imperative Europe.
- Proposes a brand new theorization of world price chains as a part of a conjunctural financial geography
- Develops a suite of conceptual and theoretical arguments about the local embeddedness of world production
- Draws on longitudinal empirical learn from over two decades within the Bulgarian and Slovakian clothing industries
- Makes a big intervention into the controversy over the commercial geographies of ecu integration and european enlargement
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Extra resources for Articulations of Capital: Global Production Networks and Regional Transformations
But this was not a passive articulation. The structures of work and labour in ECE shaped in important ways the trajectories of ECE integration into global circuits of capital prior to and following the ruptural moment of 1989. The account we provide is not a straightforward one of either gains or losses for labour. The fortunes of workers have remained complex and highly differentiated. With the expanded pace of delocalization and outsourcing, and the emergence of new forms of labour regulation, codes of corporate conduct, ethical sourcing initiatives and the loss of export markets due to the global economic crisis, we argue that the current conditions of work and opportunities for organized labour are far from straightforward.
In time, such GVC analyses have supple mented the driving function of these lead firms with analysis of other actors – strategic suppliers and intermediaries – who emerged to resolve coordination problems in increasingly distributed value chains. In their expanding role as service providers and chain coordinators, these strategic partners were also able to capture additional rents (Kaplinsky 1998). In turn, this changing ability to capture rents in the value chain has been seen to be indicative of country‐level economic upgrading (Gereffi 1995).
With such tools in hand … interventions aimed at upgrading the position of local workers, firms, and industries within global‐scale production systems could be more finely crafted and effective. Two main aspects of GVC research as it has developed, since the publica tion of the key original statement in Gereffi et al. (2005), involve extending the theorization of governance of value chains and linking this to questions regarding industrial upgrading. Gereffi et al. extended the notion of value chain governance by developing a transaction cost economics and organiza tional economics framework to understand the power relations shaping the links between suppliers and lead firms.