ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Global Value Chains and International Labour Arbitrage

Imperialism in the 21st Century

Imperialism has taken a new form in the 21st century in the shape of global value chains or global production networks. The GVCs involve the utilisation by lead firms from headquarter economies of differences in international labour costs or international labour arbitrage to earn superprofits or rents. This article deals with the economic mechanisms and processes in producing various types or forms of imperialism.



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Updated On : 16th Aug, 2018

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