What Does It Take to Build an Inclusive Governance of Global Value Chains? A Framework for Intervention Article Swipe

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Elizabeth Yi Wang , Nigel Driffield , Jeremy Clegg , Lilian Miles , Matthew Alford , Jae‐Yeon Kim ·

YOU? · · 2023 · Open Access · · DOI: https://doi.org/10.46697/001c.71445

As important actors in global value chains (GVCs), multinational enterprises exercise coordination and control over worldwide commodity, production, service, workforce and knowledge mobility. A level playing field for all GVC stakeholders remains absent. We argue for empowering subordinated stakeholders in the design of inclusive GVC governance, as a necessary condition, to harness the power of GVCs that enable many firms to internationalise in the first place. We propose a Framework for Intervention at the level of civil society and five actions, using a revived form of multilateralism, to empower the economic “South” and fundamentally anchor change for human development.

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Multinational corporation Corporate governance Multilateralism Business Intervention (counseling) Global value chain Value (mathematics) Civil society Workforce Commodity Global governance Industrial organization Economic growth International trade Economics Political science Politics Comparative advantage Psychiatry Law Computer science Finance Machine learning Psychology

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Type: article
Language: en
Landing Page: https://doi.org/10.46697/001c.71445
PDF: https://insights.aib.world/article/71445.pdf
OA Status: diamond
Cited By: 5
References: 18
Related Works: 10
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DOI: https://doi.org/10.46697/001c.71445

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Title: What Does It Take to Build an Inclusive Governance of Global Value Chains? A Framework for Intervention

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Language: en

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Publication year: 2023

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Publication date: 2023-03-02

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Authors: Elizabeth Yi Wang, Nigel Driffield, Jeremy Clegg, Lilian Miles, Matthew Alford, Jae‐Yeon Kim

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Landing page: https://doi.org/10.46697/001c.71445

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Concepts: Multinational corporation, Corporate governance, Multilateralism, Business, Intervention (counseling), Global value chain, Value (mathematics), Civil society, Workforce, Commodity, Global governance, Industrial organization, Economic growth, International trade, Economics, Political science, Politics, Comparative advantage, Psychiatry, Law, Computer science, Finance, Machine learning, Psychology

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Cited by: 5

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Citations by year (recent): 2025: 1, 2024: 4

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