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Redefining Global Markets: The Regionalisation of Global Value Chains

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This book analyses the possible regionalization of global value chains, particularly in manufacturing. Amidst calls for an industrial renaissance in Europe and a resurgence of manufacturing jobs in the United States, the dynamics of global value chains have been reshaped by global pandemics, geopolitical tensions, and increased automation.

Employing a multi-regional input–output model, the book scrutinizes the decline in offshoring afer the mid-2010s. It sheds light on regionalization as a ...