New Faces of Globalization: Market Integration, Production Disintegration, Genesis of New Global Organizational Structures for Production and Trade
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 act...
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| Format: | Article |
| Language: | ron |
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Institute for World Economy
2010-07-01
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| Series: | Revista de Economie Mondială |
| Subjects: | |
| Online Access: | http://iem.ro/rem/index.php/REM/article/view/36/22 |
| _version_ | 1819102825557262336 |
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| author | Sarmiza Pencea |
| author_facet | Sarmiza Pencea |
| author_sort | Sarmiza Pencea |
| collection | DOAJ |
| description | 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, accelerating their own industralization and modernization, increasing their access to new technologies and managerial know-how and turning themselves into successful, high-rate growing, „ emerging” economies. The paper concludes that under such a global backdrop, taking part in global value chains (GVC) and in international production networks (IPNs) could be the best strategic option for both company strategies and governmental catch-up policies, provided that, or especially if companies enjoy high competences and tacit skills which make them capable of assuming complex tasks and of climbing further the technological ladder. |
| first_indexed | 2024-12-22T01:40:43Z |
| format | Article |
| id | doaj.art-de22312c653142ee90e63de20b93f90e |
| institution | Directory Open Access Journal |
| issn | 2343-9521 2343-9521 |
| language | ron |
| last_indexed | 2024-12-22T01:40:43Z |
| publishDate | 2010-07-01 |
| publisher | Institute for World Economy |
| record_format | Article |
| series | Revista de Economie Mondială |
| spelling | doaj.art-de22312c653142ee90e63de20b93f90e2022-12-21T18:43:15ZronInstitute for World EconomyRevista de Economie Mondială2343-95212343-95212010-07-01231128New Faces of Globalization: Market Integration, Production Disintegration, Genesis of New Global Organizational Structures for Production and TradeSarmiza Pencea0Institutul de Economie MondialaDue 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, accelerating their own industralization and modernization, increasing their access to new technologies and managerial know-how and turning themselves into successful, high-rate growing, „ emerging” economies. The paper concludes that under such a global backdrop, taking part in global value chains (GVC) and in international production networks (IPNs) could be the best strategic option for both company strategies and governmental catch-up policies, provided that, or especially if companies enjoy high competences and tacit skills which make them capable of assuming complex tasks and of climbing further the technological ladder.http://iem.ro/rem/index.php/REM/article/view/36/22global value chainsgvcinternational production networksipnstransnational corporationstncglobal suppliersglobal buyersoutsourcingoffshoringcore competencereorganisationrelocation |
| spellingShingle | Sarmiza Pencea New Faces of Globalization: Market Integration, Production Disintegration, Genesis of New Global Organizational Structures for Production and Trade Revista de Economie Mondială global value chains gvc international production networks ipns transnational corporations tnc global suppliers global buyers outsourcing offshoring core competence reorganisation relocation |
| title | New Faces of Globalization: Market Integration, Production Disintegration, Genesis of New Global Organizational Structures for Production and Trade |
| title_full | New Faces of Globalization: Market Integration, Production Disintegration, Genesis of New Global Organizational Structures for Production and Trade |
| title_fullStr | New Faces of Globalization: Market Integration, Production Disintegration, Genesis of New Global Organizational Structures for Production and Trade |
| title_full_unstemmed | New Faces of Globalization: Market Integration, Production Disintegration, Genesis of New Global Organizational Structures for Production and Trade |
| title_short | New Faces of Globalization: Market Integration, Production Disintegration, Genesis of New Global Organizational Structures for Production and Trade |
| title_sort | new faces of globalization market integration production disintegration genesis of new global organizational structures for production and trade |
| topic | global value chains gvc international production networks ipns transnational corporations tnc global suppliers global buyers outsourcing offshoring core competence reorganisation relocation |
| url | http://iem.ro/rem/index.php/REM/article/view/36/22 |
| work_keys_str_mv | AT sarmizapencea newfacesofglobalizationmarketintegrationproductiondisintegrationgenesisofnewglobalorganizationalstructuresforproductionandtrade |