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CHALLENGES OF ECONOMIC SUSTAINABILITY TO GLOBAL VALUE CHAINS THE ROLE OF GOVERNANCE AND INSTITUTIONS IN PAKISTAN
(UMT, Lahore, 2022) Ali Asghar
The literature on the phenomenon of economic sustainability of the global value chains (GVCs) primarily emphasizes on the internal factors like the GVCs governance and upgrading. Simultaneously, the external factors like the local governance and the institutions got little attention from the researchers and academicians. It is, therefore, this study explores the role of external factors in the economic sustainability of the GVCs using the agency theory– a lens that assumes the industry, being the source of public revenue, as the principal; and the government institutions, being the custodian of public revenue and interest, as the agents. A qualitative research design using transcendental phenomenological analysis is adopted to explore the proposed phenomena. Face-to-face in-depth interviews of 34 participants (23 export managers and 11 civil servants) are conducted using an interview guide. NVivo software facilitates data management, bracketing, horizonalization, coding, thematic analysis, and cluster analysis.