TY - JOUR
T1 - Private International Law, Global Value Chains and the externalities of transnational production
T2 - towards alignment?
AU - Salminen, Jaakko
AU - Rajavuori, Mikko
N1 - Publisher Copyright:
© 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
PY - 2021
Y1 - 2021
N2 - Global value chains (‘GVCs’) have become a basic operative unit of economic production. Their development over the twentieth and twenty-first centuries has resulted in immense creation of wealth while linking together individuals, companies and economies across the world. But GVCs are also a major cause for environmental degradation, carbon emissions and human rights abuses—the ‘externalities’ of global production that are not captured by existing regulatory frameworks. This paper examines the role of private international law (‘PIL’) in mapping GVCs into specific jurisdictions. The analysis suggests that PIL, focused on individual entities, does not allow a systematic legal approach to GVCs, which are collective entities. This lack of a systematic approach exacerbates the externalities of global production. However, the budding legal operationalisation of GVCs provides a functional-analytical lens to understand, systematise, critique and develop the role of PIL as a fundamental transnational constituent in ordering global production in relation to GVCs and beyond.
AB - Global value chains (‘GVCs’) have become a basic operative unit of economic production. Their development over the twentieth and twenty-first centuries has resulted in immense creation of wealth while linking together individuals, companies and economies across the world. But GVCs are also a major cause for environmental degradation, carbon emissions and human rights abuses—the ‘externalities’ of global production that are not captured by existing regulatory frameworks. This paper examines the role of private international law (‘PIL’) in mapping GVCs into specific jurisdictions. The analysis suggests that PIL, focused on individual entities, does not allow a systematic legal approach to GVCs, which are collective entities. This lack of a systematic approach exacerbates the externalities of global production. However, the budding legal operationalisation of GVCs provides a functional-analytical lens to understand, systematise, critique and develop the role of PIL as a fundamental transnational constituent in ordering global production in relation to GVCs and beyond.
KW - 512 Business and Management
KW - Global Value Chains
KW - organisational economics
KW - Private International Law
KW - sustainability
KW - transnational litigation
UR - http://www.scopus.com/inward/record.url?scp=85113759273&partnerID=8YFLogxK
U2 - 10.1080/20414005.2021.1970470
DO - 10.1080/20414005.2021.1970470
M3 - Article
AN - SCOPUS:85113759273
SN - 2041-4005
VL - 12
SP - 230
EP - 248
JO - Transnational Legal Theory
JF - Transnational Legal Theory
IS - 2
ER -