Originally published in 1992 and based on two theoretical approaches: the Global Commodity Chain and the Global Production Network, this book investigates the multitude of processes, as well as diverse consequences of global integration upon industries, regions, enterprises and employees. In doing so, it draws from the experience of Western and Eastern and South-eastern Europe. These European cases are complemented with evidence from Kenya, Thailand as well as US, China, India and Mexico. The book explores multiple causes of decentralization, arguing beyond the pursuit of cheap and adaptable labour. It goes on to argue that the effects of delocalization within Europe, unlike those in the rest of the developed world, are less negative than usually portrayed. It concludes by putting forward recommendations for best future practice of successful adjustment strategies and examines how these might be adopted elsewhere in the world.