Redefining Global Markets: The Regionalisation of Global Value Chains

This book analyses the possible regionalization of global value chains, particularly in manufacturing. Amidst calls for an industrial renaissance in Europe and a resurgence of manufacturing jobs in the United States, the dynamics of global value chains have been reshaped by global pandemics, geopolitical tensions, and increased automation.

Employing a multi-regional input-output model, the book scrutinizes the decline in offshoring afer the mid-2010s. It sheds light on regionalization as a pivotal force redefining global markets, and focuses on Europe and North America, revealing the strengthening of regional ties. Discussing future challenges, the book will appeal to scholars, students, and researchers, as well as practitioners and policy-makers interested in a better understanding of (de)globalization nuances connected to the evolving role of manufacturing in global value chains.

Erika Majzlíková is an Associate Professor at the Department of Economic Policy at the Faculty of National Economy of the University of Economics in Bratislava, Slovakia. She holds a PhD in economic policy from the same university. As part of her research, she focuses on structural and sectoral analyses of industrial policy, automation, and robotization. Her recent research interests include global value chains, the role of manufacturing in economic development, and the impact of automation on the labor market. She has published in leading international journals such as the Cambridge Journal of Economics, Economics Letters, and Eastern European Economics.