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Regional development in the global economy: A dynamic perspective of strategic coupling in global production networks
Author(s) -
Yeung Henry Waichung
Publication year - 2015
Publication title -
regional science policy and practice
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.342
H-Index - 8
ISSN - 1757-7802
DOI - 10.1111/rsp3.12055
Subject(s) - perspective (graphical) , globalization , production (economics) , economic system , regional development , shift share analysis , economic geography , value (mathematics) , economics , industrial organization , business , regional science , market economy , computer science , microeconomics , geography , artificial intelligence , machine learning
This paper rethinks the trajectories of regional development in an era of economic globalization. It argues for a more dynamic perspective on regional development that must incorporate both endogenous regional assets and strategic imperatives in global industries. Premised on theoretical advances in research into global production networks ( GPNs ) and global value chains ( GVCs ), a dynamic perspective of strategic coupling is further developed and reconstructed in this paper to demonstrate how regional development can result from the interaction effects of these regional assets and GPN logics. This perspective also points to different modes of strategic coupling for understanding the changing pathways of regional development. Several key issues for regional policy and practice are outlined to substantiate this call for a shift towards a dynamic and multi‐scalar view of regional development in today's global economy.