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Introduction: Bringing Institutions Back in the Study of Global Value Chains
Jappe Eckhardt1, Arlo Poletti2
1(University of York).
Global Policy
|September 1, 2020
Summary
This study highlights the crucial role of domestic and international institutions in shaping Global Value Chains (GVCs). Understanding GVC politics requires examining the external institutional context, not just internal governance.
Area of Science:
- Political Science
- International Political Economy
- Economic Geography
Background:
- Global Value Chains (GVCs) represent significant shifts in the global economy.
- Existing literature on GVCs primarily focuses on intra-chain governance, neglecting external institutional influences.
- An institutionalist perspective is needed to fully understand GVC dynamics.
Purpose of the Study:
- To introduce and summarize key questions and findings on the role of institutions in GVCs.
- To advocate for a stronger "institutionalist" perspective in GVC research.
- To highlight the under-researched area of external institutional forces structuring GVCs.
Main Methods:
- Literature review of existing GVC studies.
- Argument for an institutionalist approach.
- Synthesis of contributions focusing on causal pathways between GVCs and institutions.
Main Results:
- GVCs are significantly influenced by both domestic and international institutions.
- External institutional context is critical for understanding GVC politics and evolution.
- Existing research has underemphasized the impact of external institutions on GVCs.
Conclusions:
- A comprehensive understanding of GVCs necessitates integrating an institutionalist framework.
- Future research should focus on the interplay between GVCs and external institutional environments.
- The political implications of GVCs are deeply embedded within their institutional context.
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