Kaplinsky, Raphael and Farooki, Masuma
(2011).
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| DOI (Digital Object Identifier) Link: | http://dx.doi.org/doi:10.1504/IJTLID.2011.041898 |
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| Google Scholar: | Look up in Google Scholar |
Abstract
This paper charts the evolution of the financial and economic crisis in the global economy and argues that the likely outcome will be sustained growth in the two very large Asian driver economies of China and India and stagnation in the historically dominant northern economies. Given the nature of demand in low income southern economies, it is likely to be reflected in sustained demand for commodities. Based on an analysis of the interaction between the nature of market demand and production processes, this paper argues that the transition in markets from high-income northern to low-income southern consumers will have implications for producers in commodity value chains. In particular it will lead to the diminished importance of standards (often a conduit for capability growth) and to a reduction in the degree of value added to commodities in exporting economies.
| Item Type: | Journal Article |
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| Copyright Holders: | Inderscience Enterprises Ltd. |
| ISSN: | 1753-1950 |
| Keywords: | China; India; financial crisis; cassava; tropical timber; global value chains; market shifts; commodity value chains; standards |
| Academic Unit/Department: | Mathematics, Computing and Technology > Design, Development, Environment and Materials Mathematics, Computing and Technology |
| Item ID: | 30038 |
| Depositing User: | Raphael Kaplinsky |
| Date Deposited: | 23 Nov 2011 17:24 |
| Last Modified: | 12 Dec 2012 07:59 |
| URI: | http://oro.open.ac.uk/id/eprint/30038 |
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