Abstract
Majzlíková explores the enduring concept of deindustrialisation and global value chains. However, recent major events such as the COVID-19 pandemic, the Russian-Ukrainian conflict and the ensuing global energy crisis have reshaped global market dynamics. These crises have led to a shift in production locations and a shortening of value chains. Since the mid-2010s, there has been a decline in offshoring, with activities returning or relocating closer to their countries of origin, suggesting a resurgence of (re)nearshoring. Majzlíková explains a gradual decline in extra-EU offshoring for European economies, highlighting the emergence of more regional GVCs. She therefore addresses future challenges related to (de)globalisation trends and the changing role of manufacturing in global value chains, in particular with regard to offshoring, reshoring and nearshoring.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Baldwin, R., Freeman, R., & Theodorakopoulos, A. (2023). Deconstructing deglobalization: The future of trade is in intermediate services. Copyright Ⓒ 2023 The Authors. Asian Economic Policy Review published by John Wiley & Sons Australia, Ltd on behalf of Japan Center for Economic Research. This is an open access article published under the terms of the Creative Commons Attribution License [https://creativecommons.org/licenses/by/4.0/], which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
Felipe, J., Mehta, A., & Rhee, C. (2018). Manufacturing matters…but it’s the jobs that count. Cambridge Journal of Economics, 31, 139–168.
Lábaj, M., & Majzlíková, E. (2022). Drivers of deindustrialisation in internationally fragmented production structures. Cambridge Journal of Economics, 46, 167–194.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Majzlíková, E. (2024). Conclusion. In: Redefining Global Markets. SpringerBriefs in Economics. Springer, Cham. https://doi.org/10.1007/978-3-031-56042-2_6
Download citation
DOI: https://doi.org/10.1007/978-3-031-56042-2_6
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-56041-5
Online ISBN: 978-3-031-56042-2
eBook Packages: Economics and FinanceEconomics and Finance (R0)