Abstract
Global value chains
(GVCs) have revolutionized production processes and many companies no
longer produce goods and services entirely in one single country or
within their own organizational boundaries. Through offshoring and
outsourcing, value chains are sliced up and activities are dispersed to
locations and actors where they can be produced or executed most
efficiently. The fine slicing of GVCs also implies that innovation
activities can be geographically dispersed and separated from other GVC
activities. However, there have been inconsistent arguments on the
impact of this dispersion on innovations and on the effect of
innovations on GVC activities, as research on the topic has been
sporadic, inconclusive, and fragmented. Thus, this paper conceptually
discusses the nature of innovation in GVCs by reviewing literature and
raises important questions that should be addressed. It also outlines a
variety of possible research directions and future research foci that
can and should be taken to develop the field.
Original language | English |
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Article number | 101221 |
Journal | Journal of World Business |
Volume | 56 |
Issue number | 4 |
Number of pages | 10 |
ISSN | 1090-9516 |
DOIs | |
Publication status | Published - 2021 |
Externally published | Yes |
Keywords
- Global value chains
- Innovation
- Interactive
- Linkages
- Networks