The Restructuring of Global Value Chains

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Focusing on the international division of labor, the book explores how emerging economy enterprises, particularly from China, can ascend the value chain. It redefines global value chain theory and introduces the concept of restructuring it. Through analyzing motivations, pathways, and impacts, the text develops a theoretical framework for understanding enterprise upgrading. Highlighting numerous case studies from Chinese manufacturing, it emphasizes the significance of transformation in achieving a new equilibrium in the global economy, offering valuable insights for research and policy.