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The governance of global value chains

Publication ,  Journal Article
Gereffi, G; Humphrey, J; Sturgeon, T
Published in: Review of International Political Economy
February 1, 2005

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 are: (1) the complexity of transactions, (2) the ability to codify transactions, and (3) 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. © 2005 Taylor & Francis Ltd.

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Published In

Review of International Political Economy

DOI

EISSN

1466-4526

ISSN

0969-2290

Publication Date

February 1, 2005

Volume

12

Issue

1

Start / End Page

78 / 104

Related Subject Headings

  • International Relations
  • 4408 Political science
  • 4407 Policy and administration
  • 3502 Banking, finance and investment
  • 1606 Political Science
  • 1605 Policy and Administration
  • 1402 Applied Economics
 

Citation

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Gereffi, G., Humphrey, J., & Sturgeon, T. (2005). The governance of global value chains. Review of International Political Economy, 12(1), 78–104. https://doi.org/10.1080/09692290500049805
Gereffi, G., J. Humphrey, and T. Sturgeon. “The governance of global value chains.” Review of International Political Economy 12, no. 1 (February 1, 2005): 78–104. https://doi.org/10.1080/09692290500049805.
Gereffi G, Humphrey J, Sturgeon T. The governance of global value chains. Review of International Political Economy. 2005 Feb 1;12(1):78–104.
Gereffi, G., et al. “The governance of global value chains.” Review of International Political Economy, vol. 12, no. 1, Feb. 2005, pp. 78–104. Scopus, doi:10.1080/09692290500049805.
Gereffi G, Humphrey J, Sturgeon T. The governance of global value chains. Review of International Political Economy. 2005 Feb 1;12(1):78–104.

Published In

Review of International Political Economy

DOI

EISSN

1466-4526

ISSN

0969-2290

Publication Date

February 1, 2005

Volume

12

Issue

1

Start / End Page

78 / 104

Related Subject Headings

  • International Relations
  • 4408 Political science
  • 4407 Policy and administration
  • 3502 Banking, finance and investment
  • 1606 Political Science
  • 1605 Policy and Administration
  • 1402 Applied Economics