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Global value and wealth chains in contemporary capitalism: Editorial introduction

Author

Listed:
  • Duncan Wigan

    (Copenhagen Business School, Frederiksberg, Denmark)

  • Leonard Seabrooke

    (Copenhagen Business School, Frederiksberg, Denmark
    Norwegian Institute of International Affairs, Oslo, Norway)

  • Stefano Ponte

    (Copenhagen Business School, Frederiksberg, Denmark
    University of Johannesburg, Johannesburg, South Africa)

  • Jennifer Bair

    (University of Virginia, Charlottesville, VA, USA)

Abstract

This introduction to a special section on global value chains and global wealth chains elaborates on the concept of entanglement as a way to understand dynamics of value capture, accumulation and inequality in contemporary capitalism. The authors first review the analytical framework they have proposed for analyzing entangled chains based on two dimensions: 1) the relative importance of intangible versus tangible assets; and (2) the primary strategy of lead firms – specifically, whether that strategy is oriented towards value creation or wealth accumulation activities. They then briefly discuss the four papers comprising this special section which collectively advance our knowledge of how production and finance are imbricated in the global political economy.

Suggested Citation

  • Duncan Wigan & Leonard Seabrooke & Stefano Ponte & Jennifer Bair, 2024. "Global value and wealth chains in contemporary capitalism: Editorial introduction," Environment and Planning A, , vol. 56(8), pages 2169-2173, November.
    • Handle: RePEc:sae:envira:v:56:y:2024:i:8:p:2169-2173
    DOI: 10.1177/0308518X241290045
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    References listed on IDEAS

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    1. Saila Stausholm & Javier Garcia-Bernardo, 2024. "Unfollow the money: mapping the micro agents of international tax," Review of International Political Economy, Taylor & Francis Journals, vol. 31(4), pages 1197-1219, July.
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    3. Lena Ajdacic & Eelke M. Heemskerk & Javier Garcia-Bernardo, 2021. "The Wealth Defence Industry: A Large-scale Study on Accountancy Firms as Profit Shifting Facilitators," New Political Economy, Taylor & Francis Journals, vol. 26(4), pages 690-706, July.
    4. Jennifer Bair & Stefano Ponte & Leonard Seabrooke & Duncan Wigan, 2023. "Entangled chains of global value and wealth," Review of International Political Economy, Taylor & Francis Journals, vol. 30(6), pages 2423-2439, November.
    5. Luc Fransen & Genevieve LeBaron, 2019. "Big audit firms as regulatory intermediaries in transnational labor governance," Regulation & Governance, John Wiley & Sons, vol. 13(2), pages 260-279, June.
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    7. Robé Jean-Philippe, 2011. "The Legal Structure of the Firm," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 1(1), pages 1-88, January.
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