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| Author: | Ponte, S. Gibbon, P. |
| Title: | Quality standards, conventions and the governance of global value chains |
| Journal: | Economy and Society
2005 : FEB, VOL. 34:1, p. 1-31 |
| Index terms: | Distribution Public administration Companies Quality Standards Theories |
| Freeterms: | Value chains |
| Language: | eng |
| Abstract: | Convention theory helps refine our understanding of the governance of global value chains (hereafter as: g-v-chs.) through its analysis of 'quality'. This article argues that g-v-chs. are becoming increasingly 'buyer-driven', even though they are characterized by 'hands-off' forms of co-ordination btw. 'lead firms' and their immediate suppliers. This is because lead firms have been able to embed complex quality information into widely accepted standards and codification and certification procedures. As suggested by convention theory, their success in doing so has depended on defining and managing value chain-specific quality attributes. |
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