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The Impact of Global Value Chain Reconstruction on the Innovative Latitude High-Quality Development of Reverse OFDI in China—From the Perspective of Jiangsu Province

Year: 2024

Type: article

Abstract: Based on the current unpredictable patterns of globalization and the impact of the COVID-19 pandemic, global value chains (GVCs) are undergoing restructuring. The resolution of the 20th Communist Party of China National Congress emphasizes high-quality development and the “going out” strategy. It highlights the crucial role of global value chain reconstruction in driving the high-quality development of outward foreign direct investment (OFDI). Innovation is crucial in reaching this high-quality development objective. This study uses Jiangsu Province in China as a case study to estimate the relationship between the innovative direction of the high-quality development indicator score system for Jiangsu Province’s reverse OFDI and global value chain restructuring from 2007 to 2021. The findings indicate that global value chain restructuring has a suppressive effect on the innovative direction of high-quality development in Jiangsu’s reverse OFDI. Additionally, further heterogeneity analysis reveals that urbanization levels mitigate the negative impact of global value chain restructuring on the innovative direction of high-quality development in Jiangsu’s reverse OFDI.

Source: Sustainability

DOI: 10.3390/su16166882

Authors: Chuanrong Huang, Xiyue Zhu

Institution: Changzhou University

Language: English

Topic: International Business and FDI

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $2,728