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The Globalization of product markets and immiserizing gowth: lessons from the South African furniture industry

Kaplinsky, Raphael; Morris, Mike and Readman, Jeff (2002). The Globalization of product markets and immiserizing gowth: lessons from the South African furniture industry. World Development, 30(7) pp. 1159–1177.

DOI (Digital Object Identifier) Link: http://dx.doi.org/10.1016/S0305-750X(02)00029-3
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Abstract

The central issue addressed in this paper is whether some developing countries will find it difficult to compete effectively in global product markets and will therefore be locked into processes of immiserizing growth. It focuses on the role of South African producers in the global furniture value chain, analyzing the factors affecting firm upgrading, particularly the role of global buyers. The paper observes a global industry characterized by increased competition and falling unit prices, with local firms dependent on a falling exchange rate. It concludes with implications for policy and future research, including generalizing the findings to other sectors and countries.

Item Type: Journal Article
ISSN: 0305-750X
Keywords: South Africa; globalization; furniture; value chains; upgrading; currency depreciation; competitiveness
Academic Unit/Department: Mathematics, Computing and Technology > Engineering & Innovation
Interdisciplinary Research Centre: Innovation, Knowledge & Development research centre (IKD)
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Item ID: 5877
Depositing User: Raphael Kaplinsky
Date Deposited: 14 Nov 2006
Last Modified: 02 Dec 2010 19:55
URI: http://oro.open.ac.uk/id/eprint/5877
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