global production networks

Global production networks refer to the complex system where different stages of manufacturing and service provision are spread across multiple countries. Companies organize their operations so that specific tasks—like designing, sourcing materials, assembling, or marketing—are handled in different locations based on cost, expertise, or resources. This interconnected web allows products to be efficiently produced on a global scale, leveraging comparative advantages of various regions, and often involves multiple firms working together across borders. Overall, it’s a way that global economic activity is organized to optimize production and meet consumer demand worldwide.