The role of Africa in the global economy is changing as a result of new corporate strategies, changing international trade regulation and innovative ways of overseeing the globalized production and distribution of goods. African participants in the global economy are facing demands for higher levels of performance and quality. Their responses have generated the occasional success but also many failures. Noted researchers Peter Gibbon and Stefano Ponte describe the central processes that are at the same time integrating some into the global economy while marginalizing others. They show the effects of these processes on African countries, farms and firms through an innovative combination of Global Value Chain analysis and Convention Theory. In doing so, the authors present a timely overview of the economic challenges that lay ahead in Africa and point to ways to best address them.
Publisher: Temple University Press,U.S.
Number of pages: 272
Weight: 490 g
Dimensions: 229 x 152 x 22 mm
"This is an exceptionally important piece of work. It simultaneously achieves a number of important objectives. The first is to situate Africa-typically seen in terms of marginalization-centrally on the landscape of specific post-adjustment forms of globalization and its impact. Second, it performs an important empirical service by providing an account of the new high value sectors (which extends beyond Africa of course). Third, it links convention theory with global value chains (as part of a project that rethinks the political economy of contemporary forms of capitalism). And all of this through a careful analysis of forms of governance and regulation and the ways in which quality and value are now central to the 'new' economy."-Michael Watts, Chancellor's Professor of Geography and Development Studies, University of California, Berkeley
"Trading Down makes new, original, and creative contributions to understanding obstacles to African economic development. With detailed treatment of sub-Saharan Africa's role in global value chains-placing African performance squarely within the context of global capitalism-the authors bring much insight to a problem (weak African economic performance) that still cries out for new ideas. The combination of theoretical sophistication and detailed case knowledge is very impressive."-William Milberg, Associate Professor of Economics, New School University