Martina Fuchs (Lüneburg)

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Governance in transnational companies and in global value chains
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Pages 177 - 187


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An approach to a theoretical concept. Global governance is a very
        popular expression nowadays, in political sciences as well as in the public
        discussion. This paper argues that governance may be fruitful for economic
        geography, too. As a term orientated on structures respectively on institutions,
        governance offers chances to be bound to approaches in policy-orientated
        forms of economic geography. The point of reference, the institutions,
        make the term more fruitful than the term &acute;power&acute;, which also
        may include accidental, individual situations. The concept of governance
        should help to analyse corporate governance in transnational companies
        as well as global chain governance in value chains. While governance can
        include organisational learning in the sense that transnational companies
        are able to reflect their own actions, and thus can change their behaviour
        on purpose and gain steering competencies, global value chains do not
        have a &#8220;central mind&#8221;, although there are possibilities for
        upgrading, downgrading or different forms of change in parts of the chains.

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