Regional development in the global economy: A dynamic perspective of strategic coupling in global production networks

Abstract

AbstractThis paper rethinks the trajectories of regional development in an era of economic globalization. It argues for a more dynamic perspective on regional development that must incorporate both endogenous regional assets and strategic imperatives in global industries. Premised on theoretical advances in research into global production networks (GPNs) and global value chains (GVCs), a dynamic perspective of strategic coupling is further developed and reconstructed in this paper to demonstrate how regional development can result from the interaction effects of these regional assets and GPN logics. This perspective also points to different modes of strategic coupling for understanding the changing pathways of regional development. Several key issues for regional policy and practice are outlined to substantiate this call for a shift towards a dynamic and multi‐scalar view of regional development in today's global economy.