By John Pickles, Adrian Smith et al.
Articulations of Capital offers an available, grounded, but theoretically-sophisticated account of the geographies of worldwide creation networks, worth chains, and nearby improvement in post-socialist jap and valuable Europe.
- Proposes a brand new theorization of world worth chains as a part of a conjunctural financial geography
- Develops a suite of conceptual and theoretical arguments in regards to the local embeddedness of world production
- Draws on longitudinal empirical examine from over twenty years within the Bulgarian and Slovakian clothing industries
- Makes an immense intervention into the controversy over the industrial geographies of eu integration and european enlargement
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Additional resources for Articulations of Capital: Global Production Networks and Regional Transformations
Bucharest Belgrade SERBIA GREECE TURKEY 5 6 articulations of capital Our goal is to re‐think some of the central assumptions that underpin the ways in which “the” global economy is said to operate, particularly in low‐ wage, labour‐intensive industries such as apparel. But this goal also requires a rethinking of the ways in which the existing geographies of post‐socialist Europe constitute both the regional terrain on which integration into global production networks became possible and the ways in which these regions are being restructured in the process.
If some suppliers responded to these tightening contract and price constraints by sweating labour, others attempted to respond either by developing more collaborative forms of production in which strategic partnerships between management and labour, or between contract manufacturers 18 articulations of capital and key buyers via strategic agreements, were forged to counteract the uncertainties and constraints of tight contracting. In these factories, reorganization of the production process, the timing of work, payment of wages, and the recruiting and retaining of labour cadres became crucial tools for the management of uncertainty.
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. In practice, the focus on industrial upgrading has become one of the most important aspects of GVC work, particularly in how it has been adopted to inform international policy frameworks for industrial and economic development. In this sense, Sturgeon’s (2009) hope for GVC research in influencing global policy and developmental thinking has been realized (Global Agenda Council on the Global Trade System 2012; OECD, WTO, and UNCTAD 2013; see Neilson 2013, for a critique of this approach).