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Kaplinsky, Raphael and Farooki, Masuma
(2011).
DOI: https://doi.org/10.1504/IJTLID.2011.041898
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.
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About
- Item ORO ID
- 30038
- Item Type
- Journal Item
- ISSN
- 1753-1950
- Keywords
- China; India; financial crisis; cassava; tropical timber; global value chains; market shifts; commodity value chains; standards
- Academic Unit or School
-
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Development
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS)
Faculty of Science, Technology, Engineering and Mathematics (STEM) > Engineering and Innovation
Faculty of Science, Technology, Engineering and Mathematics (STEM) - Research Group
- Innovation, Knowledge & Development research centre (IKD)
- Copyright Holders
- © 2011 Inderscience Enterprises Ltd.
- Depositing User
- Raphael Kaplinsky