The Governance of Global Value Chains
Опубликовано на портале: 16-11-2007
Review of International Political Economy.
P. 78-104 .
This article builds a theoretical framework to help explain governance patterns
in global value chains. It draws on three streams of literature – transaction
costs economics, production networks, and technological capability
and firm-level learning – to identify three variables that play a large role
in determining how global value chains are governed and change. These
the complexity of transactions, (2)
the ability to codify transactions,
the capabilities in the supply-base. The theory generates five types
of global value chain governance – hierarchy, captive, relational, modular,
and market – which range from high to low levels of explicit coordination
and power asymmetry. The article highlights the dynamic and overlapping
nature of global value chain governance through four brief industry case
studies: bicycles, apparel, horticulture and electronics.