A term coined by H. Marshall McLuhan (1962 and 1964) who correctly foresaw that continued improvement in electrified communication would eventually lead to instantaneous interaction across the globe. Some use this term to describe the internet and its effects on human interactions.
| Global commodity chains (GCCS) | Global value chains (GVCS) | Global production networks (GPNS) |
|---|
Disciplinary background | Economic Sociology | Development Economics | Relational Economic Geography |
Object of enquiry | Inter-firm networks in global industries | Sectoral logics of global industries | Global network configurations and regional development |
Orienting concepts | Industry structure Governance Organisational learning Industrial upgrading | Value-added chains Governance models Transaction costs Industrial upgrading and rents | Value creation, enhancement, and capture Corporate, collective, and institutional power Societal, network, and territorial embeddedness |
Intellectual influences | MNC literature Comparative development | International business Trade economics | GCC/GVC analyses Actor-network theory Varieties of capitalism |