The world economy operates around the production of value and the protection of wealth. Firms use global value chains to make the most for the least cost, ideally also contributing to economic development. Firms and professionals use global wealth chains to create and protect wealth, strategically planning across multiple legal jurisdictions to control how assets are governed. The outcome of such planning often contributes to global inequality. While we know a great deal about value chains, we know much less about wealth chains.
In this seminar Professor Seabrooke outlines why the study of global wealth chains is necessary for understanding how firms and elites contribute to economic growth and economic inequality. They stress three elements in particular. The first is the importance of using ideal types to trace asset strategies. The second is to distinguish the firm from the corporation. The third is to theorize micro-level interactions between clients, professionals, and regulators in the articulation of global wealth chains.
This in-person event is co-hosted and supported by Flinders University. Light lunch will be provided.