Abstract

The Global Wealth Chain (GWC) framework is a novel framework for the comprehensive analysis of the evolution of international capital which draws on and synthesises approaches used in Institutional Economics, Economic Geography, Economic Sociology, and International Political Economy. In this chapter Leonard Seabrooke and Duncan Wigan identify the factors that explain variation in the governance of GWCs. The authors classify GWCs into five different types: Market, Modular, Relational, Captive, and Hierarchy. These types are then linked to the opportunities for tax avoidance in the world of international capital flows.