Harnessing power within global value chains for sustainable development

Abstract

Global value chains (GVCs) are a powerful vehicle through which multinational enterprises (MNEs) can help address the grand challenges that humanity faces. But optimally utilizing GVCs for sustainability requires fundamental changes in corporate behaviour. In this paper we expound the concept of MNE economic power within GVCs and discuss needed changes for MNE business models to fill governance gaps. We debate the renewed role of public governance to promote social and environmental standards along GVCs and outline policies that governments should adopt to help MNEs and lead firms alter their business model.

Creating innovation capabilities for improving global health: Inventing technology for neglected tropical diseases in Brazil

“…Knowledge creation for addressing SDG challenges such as health and NTDs depends on facilitating collective invention with diverse communities of organizations in which DEE actors have leadership. The role of international organizations, such as the United Nations, and global platforms for the governance of R&D collaboration, such as DNDI, will play a key role in addressing those issues and enabling DEEs’ efforts in innovation capability building (Ambos & Tatarinov, 2022 ; Hoekman & Nelson, 2018 ; Van Assche & Brandl, 2021 ; Sachs et al, 2019 ). Integrating innovation and health policies in DEEs’ development agenda is crucial for advancing SDG solutions.…”