publication . Article . 2010

New Faces of Globalization: Market Integration, Production Disintegration, Genesis of New Global Organizational Structures for Production and Trade

Sarmiza Pencea;
Open Access Romanian
  • Published: 01 Jul 2010 Journal: Revista de Economie Mondială (issn: 2343-9521, eissn: 2343-9521, Copyright policy)
  • Publisher: Institute for World Economy
Due to trade liberalisation and ITC revolution, companies could imagine new and better ways of creating and delivering value. In search of higher efficiency, competitiveness and profits, they reorganise, choosing to focus on their core competencies and to globally outsource, or offshore non-core activities and functions. As a result, reorganisation and relocation became the new forces of change across economies, leading to the rise of new, more diverse and more efficient global organisational structures for investment, production and trade. A number of developing countries with adequate comparative advantages could better benefit from these processes, accelerati...
free text keywords: global value chains, gvc, international production networks, ipns, transnational corporations, tnc, global suppliers, global buyers, outsourcing, offshoring, core competence, reorganisation, relocation, Economics as a science, HB71-74
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