Revisiting Globalization and the Rise of Global Production Networks

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, Business & Finance
Cover of the book Revisiting Globalization and the Rise of Global Production Networks by S. Javed Maswood, Springer International Publishing
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Author: S. Javed Maswood ISBN: 9783319602943
Publisher: Springer International Publishing Publication: July 24, 2017
Imprint: Palgrave Macmillan Language: English
Author: S. Javed Maswood
ISBN: 9783319602943
Publisher: Springer International Publishing
Publication: July 24, 2017
Imprint: Palgrave Macmillan
Language: English

This book takes issue with the likening of contemporary globalization to nineteenth century trade interdependence, in which the defining feature of contemporary globalization is the spread of global production networks, which were notably absent in the past. Maswood demonstrates that the emergence of global production networks (GPNs) was not a result of economic and trade liberalization, but instead due to neo-protectionist developments in the 1980s that acted as a catalyst to transform Japan’s nationally based production networks into the now ubiquitous GPNs. Through this case study of Japan, the author lays out a case for reconsidering the origins of globalization, and explores some of the consequences that are likely to flow from progressive evolutionary transition towards a global economy.

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This book takes issue with the likening of contemporary globalization to nineteenth century trade interdependence, in which the defining feature of contemporary globalization is the spread of global production networks, which were notably absent in the past. Maswood demonstrates that the emergence of global production networks (GPNs) was not a result of economic and trade liberalization, but instead due to neo-protectionist developments in the 1980s that acted as a catalyst to transform Japan’s nationally based production networks into the now ubiquitous GPNs. Through this case study of Japan, the author lays out a case for reconsidering the origins of globalization, and explores some of the consequences that are likely to flow from progressive evolutionary transition towards a global economy.

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