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

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  • Kaplinsky, Raphael
  • Farooki, Masuma

Abstract

Rapid growth in many low-income economies was fuelled by the insertion of producers into global value chains feeding into high-income northern markets. This paper charts the evolution of 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, with other southern economy producers in global value chains being forced into lower levels of value added. Standards are likely to be of considerably reduced significance in value chains feeding into China and India.

Suggested Citation

  • Kaplinsky, Raphael & Farooki, Masuma, 2010. "What are the implications for global value chains when the market shifts from the north to the south ?," Policy Research Working Paper Series 5205, The World Bank.
  • Handle: RePEc:wbk:wbrwps:5205
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    References listed on IDEAS

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    Cited by:

    1. Fikru, Mahelet G., 2016. "Determinants of International Standards in sub-Saharan Africa: The role of institutional pressure from different stakeholders," Ecological Economics, Elsevier, vol. 130(C), pages 296-307.
    2. di Mauro, Filippo & Ottaviano, Gianmarco I.P. & Vicard, Vincent & Altomonte, Carlo & Rungi, Armando, 2012. "Global value chains during the great trade collapse: a bullwhip effect?," Working Paper Series 1412, European Central Bank.
    3. Bloom, Gerald & Wolcott, Sara, 2013. "Building institutions for health and health systems in contexts of rapid change," Social Science & Medicine, Elsevier, vol. 96(C), pages 216-222.
    4. Victor Kummritz, 2015. "Global Value Chains: Benefiting the Domestic Economy?," IHEID Working Papers 02-2015, Economics Section, The Graduate Institute of International Studies.

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    Keywords

    Economic Theory&Research; Climate Change Economics; Labor Policies; Emerging Markets; Markets and Market Access;

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