1,328
Views
2
CrossRef citations to date
0
Altmetric
Research Article

Regional assets and value capture trajectories: the growth and demise of an Australian automotive supplier

ORCID Icon & ORCID Icon

References

  • AAP. (2005, August 5). Pacifica hopeful after big decline, The Australian, p. 23.
  • Atlas. (n.d). Atlas Index of Economic Complexity. https://atlas.cid.harvard.edu/rankings
  • Auer, P., Clibborn, S., & Lansbury, R. (2012). Beyond our control: Labour adjustment in response to the global recession by multinational auto companies in Australia. Australian Bulletin of Labour, 38(2), 142–157. https://doi.org/10.3316/informit.629839936674686
  • Azmeh, S., & Nadvi, K. (2014). Asian firms and the restructuring of global value chains. International Business Review, 23(4), 708–717. https://doi.org/10.1016/j.ibusrev.2014.03.007
  • Baglioni, E., Campling, L., & Hanlon, G. (2021). Beyond rentiership: Standardisation, intangibles and value capture in global production. Environment and Planning A: Economy and Space. Online early. https://doi.org/10.1177/0308518X21997835
  • Bair, J. (2005). Global capitalism and commodity chains: Looking back, going forward. Competition & Change, 9(2), 153–180. https://doi.org/10.1179/102452905X45382
  • Bair, J., & Werner, M. (2011a). Commodity chains and the uneven geographies of global capitalism: A disarticulations perspective. Environment and Planning A: Economy and Space, 43(5), 988–997. https://doi.org/10.1068/a43505
  • Bair, J., & Werner, M. (2011b). The place of disarticulations: Global commodity production in La Laguna, Mexico. Environment and Planning A: Economy and Space, 43(5), 998–1015. https://doi.org/10.1068/a43404
  • Barrientos, S. (2019). Gender and work in Global Value Chains: capturing the gains. Cambridge University Press.
  • Beer, A. (2018). The closure of the Australian car manufacturing industry: Redundancy, policy and community impacts. Australian Geographer, 49(3), 419–438. https://doi.org/10.1080/00049182.2017.1402452
  • Bell, S. (1993). Australian manufacturing and the state: The politics of industry policy in the post-war era. Cambridge University Press.
  • Beruldsen, J. (1989). Beneath the bonnet: A history of Australian automotive parts manufacturers. Longman Cheshire.
  • Birch, K. (2017). Rethinking value in the bio-economy: Finance, assetization, and the management of value. Science, Technology & Human Values, 42(3), 460–490. https://doi.org/10.1177/0162243916661633
  • Blažek, J. (2016). Towards a typology of repositioning strategies of GVC/GPN suppliers: The case of functional upgrading and downgrading. Journal of Economic Geography, 16(4), 849–869. https://doi.org/10.1093/jeg/lbv044
  • Blažek, J., Bělohradský, A., & Holická, Z. (2021). The role of tier, ownership and size of companies in value creation and capture. European Planning Studies, 29(11), 2101–2120. https://doi.org/10.1080/09654313.2021.1889991
  • Bosch. (2012). Annual Report. Retrieved January 20, 2021, from www.bosch.com, .
  • Bosch. (2017). Annual Report. Retrieved January 20, 2021, from www.bosch.com
  • Bridge, G., & Dodge, A. (2022). Regional assets and network switching: Shifting geographies of ownership, control and capital in UK offshore oil. Cambridge Journal of Regions, Economy and Society, 15(2), 367–388. https://doi.org/10.1093/cjres/rsac016
  • Business News. (2006, 30 July). Ferret’s Stock to Watch: Pacifica Group Limited, RWE Business News (Australia).
  • Cattaneo, O., Gereffi, G., & Staritz, C. (2010). Global value chains in a postcrisis world: resilience, consolidation, and shifting end markets. In O. Cattaneo, G. Gereffi & C. Staritz (Eds.) Global Value Chains in a postcrisis world: A development perspective (pp. 3–20). World Bank.
  • Coe, N., & Hess, M. (2010). Local and regional development: A global production network approach. In A. Pike, A. Rodrìguez-Pose & J. Tomaney (Eds.) Handbook of local and regional development (pp. 150–160). Routledge.
  • Coe, N., Hess, M., Yeung, H., Dicken, P., & Henderson, J. (2004). Globalizing’ regional development: A global production networks perspective. Transactions of the Institute of British Geographers, 29(4), 468–484. https://doi.org/10.1111/j.0020-2754.2004.00142.x
  • Coe, N. M., & Yeung, H. (2015). Global production networks: Theorizing economic development in an interconnected world. Oxford University Press.
  • Conlon, R., & Perkins, J. (1995). Automotive industry policy in Australia: Origins, impact and prospects. Economic Papers: A Journal of Applied Economics and Policy, 14(3), 49–68. https://doi.org/10.1111/j.1759-3441.1995.tb00912.x
  • Conlon, R., & Perkins, J. (2001). Wheels and deals: The automotive industry in twentieth century Australia. Ashgate.
  • Crough, G., & Wheelwright, T. (1982). Australia: The client state. Penguin.
  • Dallas, M. P., Ponte, S., & Sturgeon, T. (2019). Power in global value chains. Review of International Political Economy, 26(4), 666–694. https://doi.org/10.1080/09692290.2019.1608284
  • Dawley, S. (2011). Transnational corporations and local and regional development. In A. Pike, A. Rodriguez-Pose and J. Tomaney (Eds.), Handbook of local and regional development (pp. 394–412). Routledge.
  • Dawley, S., MacKinnon, D., & Pollock, R. (2019). Creating strategic couplings in global production networks: Regional institutions and lead firm investment in the Humber region, UK. Journal of Economic Geography, 19(4), 853–872. https://doi.org/10.1093/jeg/lbz004
  • Dedrick, J., Kraemer, K., & Linden, G. (2009). Who profits from innovation in global value chains?: A study of the iPod and notebook PCs. Industrial and Corporate Change, 19(1), 81–116. https://doi.org/10.1093/icc/dtp032
  • DIST. (1998). State of the Australian Automotive Industry 1996, Department of Industry Science and Tourism, Canberra, Australian Government Publishing Service.
  • Durand, C., & Milberg, W. (2020). Intellectual monopoly in global value chains. Review of International Political Economy, 27(2), 404–429. https://doi.org/10.1080/09692290.2019.1660703
  • Ezzy, D. (2002). Qualitative analysis: Practice and innovation. Allen & Unwin.
  • FAPM. (2006). Annual Report 2005/6. Federation of Automotive Products Manufacturers.
  • Foray, D. (2014). Smart specialisation: Opportunities and challenges for regional innovation policy. Routledge.
  • FWC. (2013). Chassis Brakes International Castings Pty Ltd v Australian Workers’ Union and Australian Manufacturing Workers’ Union. Fair Work Commission at 5615, s. 240. https://www.fwc.gov.au/cases-decisions-orders/
  • Gereffi, G., Humphrey, J., & Sturgeon, T. (2005). The governance of global value chains. Review of International Political Economy, 12(1), 78–104. https://doi.org/10.1080/09692290500049805
  • Giuliani, E., Pietrobelli, C., & Rabellotti, R. (2005). Upgrading in global value chains: lessons from Latin American clusters. World Development, 33(4), 549–573. https://doi.org/10.1016/j.worlddev.2005.01.002
  • Goods, C. (2014). Greening auto jobs: A critical analysis of the green job solution. Lexington Books.
  • Hansen, U. E., Fold, N., & Hansen, T. (2016). Upgrading to lead firm position via international acquisition: Learning from the global biomass power plant industry. Journal of Economic Geography, 16(1), 131–153. https://doi.org/10.1093/jeg/lbu050
  • Havice, E., & Campling, L. (2013). Articulating upgrading: Island developing states and canned tuna production. Environment and Planning A: Economy and Space, 45(11), 2610–2627. https://doi.org/10.1068/a45697
  • Hopkins, T., & Wallerstein, I. (1986). Commodity chains in the world economy prior to 1800. Review (Fernand Braudel Center), 10(1), 157–170.
  • Hughes, A. (2000). Retailers, knowledges and changing commodity networks: The case of the cut flower trade. Geoforum, 31(2), 175–190. https://doi.org/10.1016/S0016-7185(99)00034-2
  • Humphrey, J., & Schmitz, H. (2002). How does insertion in global value chains affect upgrading in industrial clusters? Regional Studies, 36(9), 1017–1027. https://doi.org/10.1080/0034340022000022198
  • Industries Assistance Commission. (1990). The Automotive Industry (Draft Report), Industries Assistance Commission, Canberra.
  • Industry Commission. (1997). The automotive industry. Report No. 58, Commonwealth of Australia, Melbourne.
  • Kaplinsky, R. (1998). Globalisation, industrialisation and sustainable growth: The pursuit of the nth rent, IDS Discussion Paper 365. Institute of Development Studies. https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/13871
  • Kelly, P. (1992). The end of certainty. Allen & Unwin.
  • Korporaal, G. (2009, August 17). Workers’ rough ride as Pacifica hits skids. Retrieved January 21, 2021, from www.news.com.au
  • Lansbury, R., & Bamber, G. (1997). Australia: Restructuring for survival. In T. Kochan, R. Lansbury & J. MacDuffie (Eds.), After lean production (pp. 205–227). Cornell University Press.
  • MacKinnon, D. (2012). Beyond strategic coupling: Reassessing the firm-region nexus in global production networks. Journal of Economic Geography, 12(1), 227–245. https://doi.org/10.1093/jeg/lbr009
  • MacKinnon, D. (2013). Strategic coupling and regional development in resource economies: The case of the Pilbara. Australian Geographer, 44(3), 305–321. https://doi.org/10.1080/00049182.2013.817039
  • Maiden, M. (2005, March 8). Australia joins global leaders in M&A growth. The Age, March 8, p 2.
  • Mason, J. (2002). Qualitative researching (2nd ed.). Sage.
  • Newsome, K., Taylor, P., Bair, J., & Rainnie, A. (2015). Putting labour in its place: Labour process analysis and global value chains. Palgrave.
  • Pacifica. (2000). Annual Report. Pacifica Ltd. www.delisted.com.au
  • Pacifica. (2005). Press Release: Delphi Corporation. Pacifica Ltd. 10 October.
  • Pacifica. (2008). Annual Report. Pacifica Ltd. www.delisted.com.au
  • Pavlínek, P., & Ženka, J. (2011). Upgrading in the automotive industry: Firm-level evidence from Central Europe. Journal of Economic Geography, 11(3), 559–586. https://doi.org/10.1093/jeg/lbq023
  • Pavlínek, P., & Ženka, J. (2016). Value creation and value capture in the automotive industry: Empirical evidence from Czechia. Environment and Planning A: Economy and Space, 48(5), 937–959. https://doi.org/10.1177/0308518X15619934
  • PBR International. (2002). Submission to the Productivity Commission Review of Post 2005 Assistance Arrangements for the Australian Automotive Industry. Submission No. 63. www.pc.gov.au/submissions/pbr_international/sub063.
  • Phelps, N. (2008). Cluster or capture? Manufacturing foreign direct investment, external economies and agglomeration. Regional Studies, 42(4), 457–473. https://doi.org/10.1080/00343400701543256
  • Phelps, N., Atienza, M., & Arias, M. (2018). An invitation to the dark side of economic geography. Environment and Planning A: Economy and Space, 50(1), 236–244. https://doi.org/10.1177/0308518X17739007
  • Pike, A. (2011). Placing brands and branding: A socio‐spatial biography of Newcastle Brown Ale. Transactions of the Institute of British Geographers, 36(2), 206–222. https://doi.org/10.1111/j.1475-5661.2011.00425.x
  • Ponte, S., & Ewert, J. (2009). Which way is “up” in upgrading? Trajectories of change in the value chain for South African wine. World Development, 37(10), 1637–1650. https://doi.org/10.1016/j.worlddev.2009.03.008
  • Porter, I. (2006, 19 October). Bosch in $272m tilt at Pacifica – Bid lower than its previous informal offer, Sydney Morning Herald, p. 29.
  • Porter, M. (2011). Competitive advantage of nations: Creating and sustaining superior performance. Simon and Schuster.
  • Productivity Commission. (2002). Review of automotive assistance Report no. 25. Productivity Commission, Canberra.
  • Productivity Commission. (2014). Australia’s automotive manufacturing industry. Inquiry report no. 70, 31 March. http://www.pc.gov.au/inquiries/completed/automotive/report/automotive.pdf
  • Rattigan, G. (1969). The Tariff Board: Some reflections. Economic Record, 45(1), 17–26. https://doi.org/10.1111/j.1475-4932.1969.tb00148.x
  • Rich, J. (2007). Sir Lawrence John Hartnett. Australian Dictionary of Biography (Vol. 17). Melbourne University Press. http://adb.anu.edu.au/biography/hartnett-sir-laurence-john-12602
  • Rikap, C. (2020). Amazon: A story of accumulation through intellectual rentiership and predation. Competition & Change, 26(3–4), 436–466. https://doi.org/10.1177/1024529420932418
  • Robinson, J., Edwards, L., & Guerrera, O. (2005, 8 November). More jobs axed as car parts industry stalls: $10bn sector faces imports threat. The Age (Melbourne), p. 3.
  • Sako, M., & Zylberberg, E. (2019). Supplier strategy in global value chains: Shaping governance and profiting from upgrading. Socio-Economic Review, 17(3), 687–707. https://doi.org/10.1093/ser/mwx049
  • Seabrooke, L., & Wigan, D. (2017). The governance of global wealth chains. Review of International Political Economy, 24(1), 1–29. https://doi.org/10.1080/09692290.2016.1268189
  • Selwyn, B. (2015). Commodity chains, creative destruction and global inequality: A class analysis. Journal of Economic Geography, 15(2), 253–274. https://doi.org/10.1093/jeg/lbu014
  • Serfati, C. (2011). Transnational corporations as financial groups. Work Organisation, Labour & Globalisation, 5(1), 10–38. https://doi.org/10.13169/workorgalaboglob.5.1.0010
  • Singh, P., Smith, A., & Sohal, A. (2005). Strategic supply chain management issues in the automotive industry: An Australian perspective. International Journal of Production Research, 43(16), 3375–3399. https://doi.org/10.1080/00207540500095738
  • Smith, A., Pickles, J., Bu ek, M., Pastor, R., & Begg, B. (2014). The political economy of global production networks: Regional industrial change and differential upgrading in the East European clothing industry. Journal of Economic Geography, 14(6), 1023–1051. https://doi.org/10.1093/jeg/lbt039
  • Stanford, J. (2010). The geography of auto globalization and the politics of auto bailouts. Cambridge Journal of Regions, Economy and Society, 3(3), 383–405. https://doi.org/10.1093/cjres/rsq025
  • Starosta, G. (2010). Global commodity chains and the Marxian law of value. Antipode, 42(2), 433–465. https://doi.org/10.1111/j.1467-8330.2009.00753.x
  • Sykes, T. (1996). The bold riders. Allen and Unwin.
  • Teece, D. (1986). Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy. Research Policy, 15(6), 285–305. https://doi.org/10.1016/0048-7333(86)90027-2
  • Tokatli, N. (2013). Toward a better understanding of the apparel industry: A critique of the upgrading literature. Journal of Economic Geography, 13(6), 993–1011. https://doi.org/10.1093/jeg/lbs043
  • Tokatli, N. (2015). Single-firm case studies in economic geography: some methodological reflections on the case of Zara. Journal of Economic Geography, 15(3), 631–647. https://doi.org/10.1093/jeg/lbu013
  • Uren, D. (2015). Takeover: Foreign investment and the Australian psyche. Black Inc.
  • Valenta, T. (2018). The garage that grew: A history of PBR 1927-2017. Melbourne. Retrieved January 19, 2021, from https://www.pbrbrakesusa.com/aboutus
  • Vanchan, V., Mulhall, R., & Bryson, J. (2018). Repatriation or reshoring of manufacturing to the US and UK: Dynamics and global production networks or from here to there and back again. Growth and Change, 49(1), 97–121. https://doi.org/10.1111/grow.12224
  • Weller, S. (2007). Fashion as viscous knowledge: Fashion’s role in shaping trans-national garment production. Journal of Economic Geography, 7(1), 39–66. https://doi.org/10.1093/jeg/lbl015
  • Weller, S., & O’Neill, P. (2014). De-industrialisation, financialisation and Australia’s macro-economic trap. Cambridge Journal of Regions, Economy and Society, 7(3), 509–526. https://doi.org/10.1093/cjres/rsu020
  • Werner, M. (2012). Beyond upgrading: Gendered labor and the restructuring of firms in the Dominican Republic. Economic Geography, 88(4), 403–422. https://doi.org/10.1111/j.1944-8287.2012.01163.x
  • Werner, M., & Bair, J. (2019). Global value chains and uneven development: A disarticulations perspective. In S. Ponte, G. Gereffi & G. Raj-Reichert (Eds.), Handbook on global value chains (pp. 183–198). Edward Elgar Publishing.
  • Werner, M., Bair, J., & Fernández, V. (2014). Linking up to development? Global value chains and the making of a post‐Washington Consensus. Development and Change, 45(6), 1219–1247. https://doi.org/10.1111/dech.12132
  • Yang, C. (2013). From strategic coupling to recoupling and decoupling: Restructuring global production networks and regional evolution in China. European Planning Studies, 21(7), 1046–1063. https://doi.org/10.1080/09654313.2013.733852
  • Yeung, H. (2015). Regional development in the global economy: A dynamic perspective of strategic coupling in global production networks. Regional Science Policy & Practice, 7(1), 1–23. https://doi.org/10.1111/rsp3.12055