Impacts and Responses of Global Industrial Chain Restructuring: Changing Roles of Developed and Developing Countries

Minyu Ma

doi:10.54097/xy9z6v68

Authors

Minyu Ma

DOI:

https://doi.org/10.54097/xy9z6v68

Keywords:

Industrial chain, developed country, developing country.

Abstract

The global industrial chain is undergoing profound changes, and the evolution of the global economic landscape is to the point where it is driven by multiple factors. This change not only involves the geographical transfer of supply chains but also promotes the upgrading and restructuring of the industrial structure, with far-reaching impacts on the economic development of both developed and developing countries. The industrial chain restructuring has brought about important changes such as industrial upgrading, changes in production patterns, foreign capital flows and technology transfers, while the geopolitical situation has exacerbated the instability of supply chains, prompting governments and enterprises to pay more attention to the security and reliability of supply chains. This study aims to analyze the background, driving forces and future trends of global industrial chain restructuring, explore the changing roles of different countries in global supply chains, and propose key factors for maintaining the sustainability of industrial chains.

Downloads

Download data is not yet available.

References

[1] LIU M, YANG C, WU J T. Mechanism and realization path of digital economy to enhance the resilience of China's industrial chain under global industrial chain restructuring. New Economy, 2024(2): 33-47.

[2] ZHANG J. US-Latin America supply chain “nearshore outsourcing” cooperation: status quo, motivation and prospects. Pacific Journal, 2023, 31(2): 56-67.

[3] BALDWIN R. The great convergence: information technology and the new globalization. Harvard University Press, 2016.

[4] DING C. EU economic security strategy and its impact. Contemporary World, 2024(4): 42-48.

[5] SCHWAB K. The fourth industrial revolution. Crown Business, 2016.

[6] WANG S, TSAI L F, LEE Y. Economic Sanctions, Technology Importation and Independent R&D. Nankai Economic Research, 2023(6): 21-39.

[7] RODRIK D. The globalization paradox: Why global markets, states, and democracy can't coexist. Norton & Company, 2019.

[8] CHOI T Y, HONG Y. A Strategic Approach to Managing Global Supply Chains. Journal of Operations Management, 2017, 49: 1-15.

[9] NADVI K, THOBURN J. Global Value Chains and Development: a Primer. World Development, 2015, 69: 13-27.

[10] AUTOR D H, DORN D, HANSON G H. The China Syndrome: Local Labor Market Effects of Import Competition in the United States. American Economic Review, 2013, 103(6): 2121-2168.

[11] MELNYK S A, SROUFE R, SWEENEY E. The role of supply chain management in global economic development. Journal of Business Logistics, 2020, 41(2): 123-136.

[12] CHAUDHURI S, MURALIDHARAN K. Impact of global value chains on economic development in emerging markets. World Development, 2020, 128: 104859.

[13] YU Z, CUI J. Latecomer Economies' Bending the Curve in Global Industry Chain Reconstruction-Historical Experience and Implications for China. International Perspectives, 2024, 16(4): 21.

[14] LEE J. Green supply chain management and sustainability. Journal of Cleaner Production, 2018, 205: 431-440.