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What are the implications for global value chains when the market shifts from the north to the south?

Kaplinsky, Raphael and Farooki, Masuma (2011). What are the implications for global value chains when the market shifts from the north to the south? International Journal of Technological Learning, Innovation and Development, Vol. 4(1/2/3) pp. 13–38.

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DOI (Digital Object Identifier) Link: http://dx.doi.org/10.1504/IJTLID.2011.041898
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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
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 > Engineering & Innovation
Mathematics, Computing and Technology
Interdisciplinary Research Centre: Innovation, Knowledge & Development research centre (IKD)
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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