Domestic Institutions and Global Value Chains: Offshoring in Germany's Core Industrial Sectors

Do domestic institutions affect industrialised countries’ positions in global value chains? A key insight from literature on global value chains is that a firm's decision to offshore depends on the trade‐off between price competitive gains and coordination costs. The role of domestic institutions in this decision has largely been neglected in global value chains analyses. However, a core insight from literature on varieties of capitalism is that...