Harnessing Global Value Chains for regional development av Riccardo Crescenzi, Oliver Harman

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<P>This <I>Regional Studies</I> Policy Impact Book brings together the latest academic evidence and public policy insights with global value chains (GVCs) and foreign direct investment (FDI). It comprises a comprehensive description and explanation of why they matter for regional development and policy. It focuses on how sub-national regions can leverage them for innovation and upgrading, or "levelling up". Specifically, its attention is on how regions can build, embed and reshape GVCs to their local enhancement. </P><P></P><B><P>The book makes the case for proactive sub-national public policy, on the engagement of GVCs.</B> Vertically engaging with FDI rather than setting the ground and letting manna drop from heaven. Its chosen approach is three-fold. First, it looks at why. Why GVCs and FDI matter and why sub-national policymakers should focus their attention on upgrading. It critically reviews different streams of research and evidence. This is in order to identify key definitions