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The world economy operates around the production of value and the creation and protection of wealth. Firms and other actors use global value chains to make the

The world economy operates around the production of value and the creation and protection of wealth. Firms and other actors use global value chains to make the

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered a

EPUB and EPDF available Open Access under CC-BY-NC-ND licence. Today, production processes have become fragmented with a range of activities divided among firms

Studies conceptual foundations of GVC analysis, twin pillars of 'governance' and 'upgrading', and detailed cases of emerging economies.