Global Value Chains and Economic Diplomacy

We call for countries to develop comprehensive, place-sensitive economic diplomacy strategies that are built upon a careful empirical analysis of the differential consequences of distinct types of IB activities, and take the existence of GVCs as a starting point. Implementing such strategies will require countries to enhance their diagnostic tool kit, and – we acknowledge – it will require economic diplomats to have a more complex perspective on current global dynamics. We firmly believe that IB scholars can provide academic support in the process, particularly as the field deepens its interest on the policy dimension of IB research.