What does it take to build an inclusive governance of global value chains?

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

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Abstract

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.
Original languageEnglish
Number of pages6
JournalAIB Insights
Volume23
Issue number2
DOIs
Publication statusPublished - 2 Mar 2023

Keywords

  • inclusive governance
  • intervention
  • empowerment
  • economic south
  • MNEs
  • global value chains

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