Nonresident Scholar
Professor, School of Government and Public Transformation, Tecnológico de Monterrey
Nonresident Scholar at the Center for the U.S. and Mexico; Professor, School of Government and Public Transformation, Tecnológico de Monterrey
Roberto Duran-Fernandez and Ernesto Stein, “A New Taxonomy of Nearshoring: Strategic Trends in Global Value Chain Reconfiguration,” Rice University’s Baker Institute for Public Policy, January 10, 2025, https://doi.org/10.25613/HPHS-ZN35.
This article explores the evolving phenomenon of nearshoring within the context of global value chain (GVC) reconfiguration, driven by geopolitical shifts, economic disruptions, and sustainability goals. It introduces a new taxonomy to classify nearshoring activities based on capital origin and project type, distinguishing between foreign and domestic investments and categorizing projects as either new developments or expansions of existing infrastructure. Using Mexico as a case study, the article examines the interplay of trends such as rising labor costs in Asia, protectionist policies, and the pursuit of supply chain resilience. By highlighting strategic investment patterns and policy implications, the study provides insights into the opportunities and challenges nearshoring presents for Latin America and its integration into the global economy.
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