| Abstrakt: |
At the same time, the exact role of contract remains obscure for practical and conceptual reasons: practically because contracting techniques are kept as a business secret and are barely litigated upon in public, and conceptually because paradigms of contract, as they are taught in law schools around the world, largely stem from the 19th century with few incremental developments since. This issue's focus on contract by no means claims an exclusive inroad to understanding GVCs, but identifies contract as a fruitful starting point to account for the plurality of legal disciplines at play. Besides the immediate exchange relation between contracting parties that dominates liberal contract theories, third-party effects and the political economy of contracting become preeminent not only within the value chain itself but also on a broader, global level encompassing social, environmental, cultural and economic interests. [Extracted from the article] |
