Nurturing International Business research through Global Value Chains literature: A review and discussion of future research opportunities

https://doi.org/10.1016/j.ibusrev.2020.101708Get rights and content
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Highlights

  • We comprehensively review the GVC literature from 1994 to 2018.

  • GVC literature enhances IB understanding of power dynamics and new actors in GVCs.

  • GVC studies may inform IB work on regionalization, sustainability, and linkages.

  • GVC promotes a comprehensive view of global/local institutional conditions.

Abstract

This article offers a comprehensive and systematic review of the literature on Global Value Chains (GVCs). The GVC framework has received growing attention in the last decade, providing theoretical concepts and analytical tools to understand and assess patterns of value creation in view of the new international division of labour. In this area, a broad overlap of research interest exists with the international business (IB) literature. Yet, few interactions between the two fields of study have been recorded so far. Performing a quantitative content analysis on all academic publications on GVCs in the period 1994−2018, this paper describes the evolution of GVC studies, emphasizing points of contact and potential synergies with the IB literature. It also identifies research opportunities along the four key dimensions of the GVC framework: geographical and industrial scope, governance, upgrading, and institutional context.

Keywords

Global value chains
Quantitative content analysis
Literature review
Governance
Upgrading
Institutions
International business

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