Table 1. Typology of global value chain... | Emerald Publishing

Table 1.

Typology of global value chain governance

Type	Description	Supplier	Power linkage
Market	Transactions between buyers and suppliers	High capabilities	Weak
Modular	Suppliers make products for customer specific requirements	High competence	Low
Relational	Dependence between buyers and suppliers	Trust/long partnerships	Balanced
Captive	Small firms depend on large lead firms	Dependence	Strong control
Hierarchy	Vertical integration	Full control	Very strong

Type	Description	Supplier	Power linkage
Market	Transactions between buyers and suppliers	High capabilities	Weak
Modular	Suppliers make products for customer specific requirements	High competence	Low
Relational	Dependence between buyers and suppliers	Trust/long partnerships	Balanced
Captive	Small firms depend on large lead firms	Dependence	Strong control
Hierarchy	Vertical integration	Full control	Very strong

Source(s): Authors’ elaboration based on Gereffi, Humphrey and Sturgeon (2005)