Globalization, Recession and the Internationalization of Industrial Districts: Experiences from the Italian Gold Jewellery Industry
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Globalization and the recent recession crisis are significantly challenging Italian industrial districts (IDs), leading to deep transformations in their internationalization, innovation and organization strategies. With our empirical focus on a single industry (gold jewellery) and a specific country (Italy) and through the theoretical lenses of the global value chain (GVC) approach, the evidence in this article sheds light on the differences in how three IDs within Italy's gold jewellery sector (Valenza Po, Arezzo and Vicenza) compete in the global arena. Our comparative analysis reveals striking differences among these districts with regard to their upstream and downstream internationalization strategies in response to two industry shocks: increasing global competition in the early 2000s and the world economic recession of 2008-2009. Our explanation for the varied gold jewellery district responses to these two global crises involves both internal and external factors: (1) structural differences between the three IDs; (2) distinct business strategies; and (3) how these districts are linked to the gold jewellery GVC. © 2013 © 2013 Taylor & Francis.
the jewellery industry
global value chains.
Published Version (Please cite this version)10.1080/09654313.2013.771624
Publication InfoDe Marchi, Valentina; Gereffi, Gary; & Lee, J (2014). Globalization, Recession and the Internationalization of Industrial Districts: Experiences from the Italian Gold Jewellery Industry. European Planning Studies, 22(4). 10.1080/09654313.2013.771624. Retrieved from https://hdl.handle.net/10161/16487.
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Professor Emeritus of Sociology
Gary Gereffi's major ongoing research projects are: (1) a book (co-authored with Frederick Mayer) on the uptake of the global value chain paradigm by major international organizations in the economic and social development arena; (2) a forthcoming co-edited volume with Valentina De Marchi and Eleonora Di Maria on Local Clusters in Global Value Chains: Linking Actors and Territories Through Manufacturing and Innovation (Routledge, 2017); (3) work with the World Bank and the Inter-Ame