As end markets in the global South - and domestic and regional value chains - have grown, a pattern of polycentric trade has emerged. Building on earlier research on North-South value chains, this session explores prospects for development in the context of multiple, overlapping value chains.
Global value chains, and related global production networks, analysis has made valuable insights into the linkages that transform raw materials into final products and services, illustrating how value is created, and also differentially captured. A common, and arguably dominant, perspective amongst GVC and GPN scholars and policymakers has been an implicit focus on global trade involving North-South flows, stretching from initial stages of production in the global South to end markets in the global North.
Now, however, whether it be the prominence of the global South in manufacturing exports, its growing share of consumption or the fact that the dominant trade direction is now South-South rather than South-North, considerable change is afoot. Rather than emphasizing North-South oriented value chains/production networks, contemporary trade involves overlapping, multiple production networks oriented towards different end markets - domestic, regional and global - across both global North and South.
This session invites papers that explore shifting geographies of trade and which consider the existence of multiple, and often overlapping value chains and production networks, which include those targeted towards end markets in the global South. Topics could include, but are not limited to:
• Conceptualising polycentric value chains/production networks
• Domestic and Regional, as well as global, end markets
• New lead firms
• Standards in Southern end markets
• Network segmentation, switching and diversification
• Development strategies and outcomes (economic, social, environmental) across multiple value chains