Global Supply, Production and Value Chains

Abstract

This chapter aims to critically analyse the implications that the national protectionist policies have on the global supply and value chains and the relocation of production. The analysis is based on the assumptions that the global economy is facing the possibility of decoupling of many trade connections, and this trend favours de-globalisation processes that have long been promoted by populism, nationalism and economic protectionism. It is concluded that global supply, production and value chains although being economically efficient are no longer any more secure under national protectionist policies, and therefore, the relocation of production processes is mainly due to the increase in the level of income and wages of the developing countries that are the destination and which reduce the advantages to relocate.

Citation

Vargas-Hernández, J.G. and Vargas-González, O.C. (2024), "Global Supply, Production and Value Chains", Chatterjee, T. (Ed.) International Trade, Economic Crisis and the Sustainable Development Goals, Emerald Publishing Limited, Leeds, pp. 277-297. https://doi.org/10.1108/978-1-83753-586-620241019