Part I: Global Value Chains Foundations and empirical facts in Latin America -- Chapter 1. Global value chains evolution in Latin America -- Chapter 2: Latin American economies in Global value chains: Main evidence -- Chapter 3: Global Value Chains: Production and Innovation Clusters -- Part II:...

The southern European periphery suffered a severe setback in its catching-up process versus Western Europe after the financial crisis with GDP dropping by 10% between 2008 and 2012 and unemployment increasing to 20% for Greece, Portugal and Spain. We analyze first the reason for this setback,...