Global value and wealth chains in contemporary capitalism: Editorial introduction

Duncan Wigan, Leonard Seabrooke, Stefano Ponte and Jennifer Bair
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Duncan Wigan: Copenhagen Business School, Frederiksberg, Denmark
Leonard Seabrooke: Copenhagen Business School, Frederiksberg, Denmark
Stefano Ponte: Copenhagen Business School, Frederiksberg, Denmark
Jennifer Bair: University of Virginia, Charlottesville, VA, USA

Environment and Planning A, 2024, vol. 56, issue 8, 2169-2173

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.

Keywords: global value chains; global wealth chains; intangible assets; tangible assets; inequality; firm strategy (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:56:y:2024:i:8:p:2169-2173

DOI: 10.1177/0308518X241290045

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