Economic globalization in recent decades has had a major impact on the location of production processes, generating greater fragmentation and internationalization of production chains, many instances of offshoring of activities from advanced to developing countries, and a certain tendency towards reduction of income inequality between countries. These changes are explained by several factors, including lower transport costs, the information and communication technology revolution, advances in models of business management and organization, and the possibility of fragmenting production processes into a series of tasks that have different factor content and are carried out at different locations, which is facilitated by better functioning of markets. International relocation of production raises many questions related to the characteristics of this process and its consequences for the growth and well-being of countries.
The aim of this research project is to study the dynamics of international relocation of production and its impact on the economic growth of countries (Spain in particular) in the context of globalization and growth in international trade over the last half century and of the evolution of inequality in income distribution across countries.
Alcalá, F. (dir.) and M. Solaz (2020). Globalización, relocalización productiva y crecimiento. Bilbao: Fundación BBVA.