Global Supply Chain and Value Chain Relocation Strategy under Deglobalization
Published: 2021
Author(s) Name: Jose G. Vargas-Hernandez, Omar C. Vargas-Gonzalezonzalez |
Author(s) Affiliation: PG and Research Division, Instituto Tecnologico Mario Molina, Unidad Zapopan, Jalisco, Mexico.
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Abstract
This paper aims to critically analyze the implications that the national protectionist policies have on the global supply and
value chains and the relocation of production. The analysis is based on the assumptions that the global economy is facing the
possibility of decoupling of many trade connections and this trend favours deglobalization processes have long been promoted
by populism, nationalism, and economic protectionism. It is concluded that global supply, production, and value chains although
being economically efficient, are no longer any more secure under national protectionist policies and therefore, the relocation
of production processes is mainly due to the increase in the level of income and wages of the developing countries that are the
destination, and which reduce the advantages to relocate.
Keywords: Global Supply Chains, Production Chains, Protectionist Policies, Value Chains
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