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Part of the Routledge Advances in Regional Economics, Science and Policy series

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Synopsis

This book examines how digital technologies and artificial intelligence are fundamentally reshaping global value chains and economic participation. It explores the critical distinctions between three key groups: those who create algorithms, those who apply them in developing new technologies, and those who implement algorithm-driven equipment in manufacturing processes.

A central theme is the role of timing in technological adoption. While cutting-edge algorithms and machines are developed at the innovation frontier, significant time lags occur before these technologies reach widespread application, creating disparities in competitive advantage. The exploitation of digital opportunities concentrates in metropolises and highly developed regions, where robust IT and transportation infrastructure combines with skilled workforces ready for digital transformation.

The book analyses how services and software integral to these processes drive industrial change, examining individual industries and service providers while mapping the relationship between technologies, services, and locations at varying stages of innovation and development. Importantly, the book addresses both opportunities and challenges: how regions can improve their positions and identify new development pathways, while acknowledging the risk of exclusion for locations lacking the infrastructure and capabilities found in advanced economies and metropolitan centres.

Drawing on contributions from authors across Europe, North America, and key Asian countries, the book provides comprehensive insights into Global Value Chains and reveals how digital transformation incorporates metropolises and regions in profoundly unequal ways. Making use of both qualitative and quantitative methods, it will be an invaluable resource for scholars, students, researchers and policymakers wishing to understand how to take advantage of new technological opportunities at regional and sectoral levels.

About This Edition

ISBN: 9781032789255
Publication date:
Author:
Publisher: Routledge an imprint of Taylor & Francis
Format: Hardback
Pagination: 298 pages
Series: Routledge Advances in Regional Economics, Science and Policy
Genres: Economics of industrial organization
Production and quality control management
Research and development management
Purchasing and supply management
Human geography
Labour / income economics
Development studies

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