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World Development Vol. Xx, pp. xxx, 2013 2013 Elsevier Ltd. All rights reserved 0305750X/$ see front matter www.elsevier.com×locate×worlddevhttp://dx.DOI.org×10.1016/j.worlddev.2013.01.025Governance

How to fill out governance of global value

How to fill out governance of global value:

1. Start by identifying the key stakeholders involved in the global value chain. This includes the countries, companies, organizations, and individuals that contribute to the creation, production, and distribution of goods and services worldwide.
2. Assess the current governance structures and frameworks that are in place. Identify their strengths and weaknesses, and determine areas for improvement or enhancement.
3. Develop a comprehensive governance strategy that addresses the needs and interests of all stakeholders. This may involve the creation of new international agreements, policies, or regulations, as well as the implementation of best practices and guidelines.
4. Collaborate with relevant stakeholders to gather their input and feedback on the governance strategy. This ensures that diverse perspectives are considered and that the strategy reflects the interests and concerns of all involved parties.
5. Establish clear roles, responsibilities, and accountability mechanisms for the governance of global value. This includes defining the decision-making processes, monitoring and evaluation mechanisms, and dispute resolution procedures.
6. Ensure transparency and communication in the governance process. This involves sharing information, data, and insights with all stakeholders to foster trust and collaboration.
7. Continuously assess and adapt the governance strategy to address emerging challenges and opportunities. Monitor the effectiveness of the governance mechanisms and make necessary adjustments as needed.

Who needs governance of global value:

1. Governments: Governments play a crucial role in establishing and enforcing policies and regulations that govern global value chains. They ensure fair trade practices, protect the environment, and promote sustainable development.
2. Businesses: Companies involved in global value chains must adhere to governance frameworks to maintain customer trust, protect their brand reputation, and ensure compliance with international standards.
3. Workers and Labor Organizations: Governance ensures that workers' rights and well-being are protected, including fair wages, safe working conditions, and social protection measures.
4. Consumers: Governance helps protect consumer rights, ensuring that products and services meet quality and safety standards, and information is transparent and accurate.
5. Non-governmental organizations (NGOs): NGOs play a vital role in advocating for social and environmental issues within global value chains. They monitor and report on corporate practices and promote sustainable and ethical business practices.
6. International organizations: Organizations such as the United Nations and the World Trade Organization work to promote global governance standards and facilitate discussions and collaborations among different stakeholders.
7. Local communities: Governance of global value is essential for safeguarding the interests and well-being of communities affected by global value chains, including those impacted by resource extraction, manufacturing, and distribution processes.

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