Global Wealth Chains: Asset Strategies in the World Economy

Global value chains are used to produce value and create and protect wealth, but can contribute to global inequality. This volume explores how global wealth chains are articulated, issues of regulatory liability, and how social relationships between clients and service providers are important for governance issues. It integrates insights from a range of disciplines to reveal how global wealth chains are used to govern assets in the world economy.

Format: Hardback
Length: 320 pages
Publication date: 26 May 2022
Publisher: Oxford University Press

The intricate web of the global economy revolves around the production of value and the steadfast pursuit of wealth creation and preservation. Firms and other influential actors employ global value chains as strategic tools to maximize their profits while minimizing costs, with the ultimate goal of fostering economic development. These intricate networks enable firms and professionals to strategically orchestrate their assets across multiple legal jurisdictions, effectively governing their ownership and distribution. However, the unintended consequences of such strategic planning often exacerbate global inequality. While our understanding of value chains is extensive, our knowledge of wealth chains remains relatively limited. This comprehensive volume delves into the intricate articulation of global wealth chains, addressing critical issues of regulatory liability and the vital role of social relationships between clients and service providers in governance matters. It explores the governance of assets across diverse sectors, including public utilities, food and alcohol, art, pharmaceuticals, and legal instruments such as advance pricing agreements, tax treaties, regulatory standards, intellectual property, family trusts, and legal opinions. By drawing upon insights from a diverse array of disciplines, including International Political Economy, Economic Geography, Sociology, Accounting, Management Studies, Anthropology, and Law, the book unveils the profound ways in which global wealth chains govern assets within the global economy.

Weight: 662g
Dimension: 240 x 160 x 22 (mm)
ISBN-13: 9780198832379