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A dynamic spatial model of global governance structures

Giorgos Galanis () and Ashok Kumar
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Giorgos Galanis: Goldsmiths, University of London

No PKWP1804, Working Papers from Post Keynesian Economics Society (PKES)

Abstract: This paper presents a novel understanding of the changing governance structures in global supply chains. Motivated by the global garment sector, we develop a geographical political economy dynamic model which reflects the interaction between bargaining power and distribution of value among buyer and producer firms. We find that the interplay between these two forces, in combination with the spatial specificities of global production, are necessary and sufficient to drive governance structures towards an intermediate position regarding their level of explicit coordination and power asymmetry.

Keywords: Global value chains; global production networks; uneven development; disequilibrium dynamics; monopsony power (search for similar items in EconPapers)
JEL-codes: D02 D43 E32 F60 R10 (search for similar items in EconPapers)
Pages: 43
Date: 2018-03
New Economics Papers: this item is included in nep-cdm, nep-mac and nep-pol
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