Contents
List of Abbreviations xv
About the Author xix
Preface to the Seventh Edition xxi
About the Companion Website xxv
1 What in the World is Going On? 1
The end of the world as we knew it? 1
Conflicting perspectives on ‘globalization’ 4
Grounding ‘globalization’: geography really does matter 6
PART ONE THE CHANGING CONTOURS OF THE GLOBAL
ECONOMY 11
2 The Centre of Gravity Shifts: Transforming the Geographies
of the Global Economy 13
The importance of taking a long view: the imprint of
past geographies 14
Roller-coasters and interconnections 16
Global shifts: the changing contours of the global economic map 24 The centre of gravity has shifted 35
PART TWO PROCESSES OF GLOBAL SHIFT 47
3 Tangled Webs: Unravelling Complexity in the Global Economy 49
Connections, connections 50
Institutional macro-structures of the global economy 52
Global production networks 54
Even in a globalizing world, economic activities are
geographically localized 67
Networks of networks 71
4 Technological Change: ‘Gales of Creative Destruction’ 74
Technology and economic transformation 75
Processes of technological change: an evolutionary perspective 75
Time-space shrinking technologies 83
Technoiogicai innovations in products, production systems and
organizational forms 99
Geographies of innovation 106
5 Transnational Corporations: The Primary ‘Movers and
Shapers’of the Global Economy 114
The myth of the ‘global’ corporation 115
Why firms transnationalize 118
How firms transnationalize 123
TNCs as ‘networks within networks’ 130
Configuring the TNCs’internal networks 136
TNCs within networks of externalized relationships 153
Perpetual change: reshaping TNCs’ internal and external networks 165
6 The State Really Does Matter 173
The state is dead’- oh no it isn’t! 174
States as containers 178
States as regulators 183
States as collaborators 207
PART THREE WINNING AND LOSING IN THE GLOBAL
ECONOMY 227
7 The Uneasy Relationship Between Transnational Corporations
and States: Dynamics of Conflict and Collaboration 229
The ties that bind 230
Bargaining processes between TNCs and states 233
8 ‘Capturing Value’ within Global Production Networks 251
Placing places in GPNs 251
Creating, enhancing and capturing value in GPNs 253
Upgrading (or downgrading) of local economies within GPNs 258
9 Destroying Value? Environmental Impacts of
Global Production Networks 279
Production-distribution-consumption as a system of materials
flows and balances 280
Disturbing the delicate balance of life on earth:
damaging the earth’s atmosphere 282
Fouling the nest: creating, disposing and recycling waste 292
10 Winning and Losing: Where You Live Really Matters 304
Location matters 305
Incomes and poverty 308
Where will the jobs come from? 322
Populations on the move 340
11 Making the World a Better Place 354
The best of all possible worlds’? 355
TNCs and corporate social responsibility , 357
States and issues of global governance 363
A better world? 380
PART FOUR THE PICTURE IN DIFFERENT SECTORS 393
12 ‘Making Holes in the Ground’: The Extractive Industries 395
Beginning at the beginning 396
Production circuits in the extractive industries 397
Global shifts in the extractive industries 400
Volatile demand 402
Technologies of exploring, extracting, refining, distributing 404
The centrality of state involvement in the extractive industries 408 Corporate strategies in the extractive industries 413
Resources, reserves and futures 419
13 ‘We Are What We Eat’: The Agro-food Industries 423
Transformation of the food economy: the ‘local’ becomes ‘global’ 424 Agro-food production circuits 425
Global shifts in the high-value agro-food industries 427
Consumer choices - and consumer resistances 430
Transforming technologies in agro-food production 433
The role of the state 437
Corporate strategies in the agro-food industries 440
14 ‘Fabric-ating Fashion’: The Clothing Industries 451
A highly controversial industry 452
The clothing production circuit 452
Global shifts in the clothing industries 453
Changing patterns of consumption 454
Technology and production costs 456
The role of the state 460
Corporate strategies in the clothing industries 462
Regionalizing production networks in the clothing industries 469
15 ‘Wheels of Change’: The Automobile Industry 477
All change? 478
The automobile production circuit 478
Global shifts in automobile production and trade 480
Changing patterns of consumption 482
Technoiogicai change in the automobile industry 484
The role of the state 487
Corporate strategies in the automobile industry 489
Regionalizing production networks in the automobile industry 499