Stefano Ponte (2021)
In: Palpacuer, Florence/Smith, Alistair (eds.), Rethinking Value Chains. Tackling the Challenges of Global Capitalism. Bristol: Bristol University Press, pp. 56-79. Open access.
Extract: “Demonstrative power (dyadic, indirect) operates through informal transmission mechanisms along GVCs between individual actors (such as buyers and suppliers or aspiring suppliers) and is shaped by conventions and best practices, including those on sustainability management, that are implicitly accepted by the parties of a dyadic transaction. Institutional power (collective, direct) operates through government regulation and/ or multistakeholder sustainability initiatives or other institutionalised forms, and can be leveraged through collective standards or codified ‘best practices’. Constitutive power (collective, indirect) is based on broadly accepted norms, conventions, expectations and best practices (financialisation, just-in-time supply chain management, environmental stewardship) and shapes what is systemically acceptable and desirable (green capital accumulation, sustainability-based value extraction from suppliers) (Dallas et al, 2019).“ (59-60)
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