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Published in:
2006 | OriginalPaper | Chapter
China’s Changing Role in Industrial Value Chains and Reverberations on Industrial Actors in Germany
Authors : Ulrich Jürgens, Rolf Rehbehn
Published in: Emerging Multiplicity
Publisher: Palgrave Macmillan UK
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One of the most marked characteristics of globalization has been the dynamic restructuring of industrial value chains.1 This restructuring has been both a major driver of globalization while itself being driven by globalization. The outsourcing of corporate functions has lead to greater specialization and fragmentation in value chains and the off-shoring of activities are the main features of this transformation. It creates risks and opportunities for corporate and political actors, and its evolution is highly uncertain for all parties. A state of equilibrium in a new international division of labour is not yet apparent.