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.
Peter Gibbon is a Senior Researcher at the Danish Institute for International Studies. Amongst his authored works is A Blighted Harvest: The World Bank and African Agriculture in the 1980s. He has also edited numerous books. Stefano Ponte is a Senior Researcher at the Danish Institute for International Studies. He is the author of Farmers and Markets in Tanzania: How Market Reforms Affect Rural Livelihoods in Africa and co-author (with Benoit Daviron) of The Coffee Paradox: Global Markets, Commodity Trade and the Elusive Promise of Development.
Preface1. The Age of Global CapitalismEconomic Globalization * Corporate Financialization and Shareholder Value * Saturated Markets and Oligopolistic * Rent Seeking * Buyer Power and Strategic Outsourcing * Supplier Adjustment in the World of Category * Management * Conclusion2. The New International Trade RegimeTrends in Africa's International Trade * The International Trade Regime Prior to WTO * The New International Trade Regime * Conclusion3. Global Value Chain (GVC) AnalysisMain Features * Governance * Upgrading * Conclusion4. The Rise of Buyer-Driven Global Value Chains in AfricaThe Rise of Buyer-Driven Chains * Main Actors in, and Configurations of, Selected Global Value Chains * Formal Regulatory Frameworks and Historical Changes in GVC Governance * Strategies of Lead Firms * Chain Driving? * Conclusion5. Entry Barriers, Marginalization, and UpgradingEntry Barriers for First- and Second-Tier Suppliers * Marginalization and Exclusion * Upgrading * Conclusion6. Quality Standards, Conventions, and the Governance of Global Value ChainsQuality in Economic Analysis * Convention Theory * Quality, Entry Barriers, and Governance in GVCs: Empirical Evidence from Africa * Conventions and the Governance of Global Value Chains * Conclusion7. Trading Down?Africa, Value Chains, and the Global Economy * Trading Down? * GVC Analysis and Future Research DirectionsNotesReferencesIndex