Abstract
Today, more than two-thirds of all transnational trade is conducted by multinational corporations and a full half of that trade—one-third of all transnational trade—is between corporate subsidiaries. These figures reflect the unfolding transformation of traditionally labelled ‘corporate supply chains’ into what are now termed ‘global value chains’. Global value chains have inspired keen, and at times contested, attention from a range of academic, business and policy perspectives. Legal scholars, however, have remained largely outside these debates. This article is the first to fully integrate into legal scholarship the fundamental insights of the robust, multidisciplinary body of academic literature on global value chains. It is seminal in tying together the ongoing paradigm shifts taking place in the global political economy with their relevant legal phenomena, while also opening up opportunities for legal scholars to engage in normative interventions across multiple legal disciplines.
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