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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Present-Day Capitalism, the New International Trade Regime and Africa
Author:Gibbon, Peter
Year:2002
Periodical:Review of African Political Economy
Volume:29
Issue:91
Period:March
Pages:95-112
Language:English
Geographic terms:Kenya
Mauritius
Africa
Subjects:global economy
exports
trade negotiations
clothing
vegetables
international relations
Development and Technology
Economics and Trade
External links:https://www.tandfonline.com/doi/abs/10.1080/03056240208704586
http://ejournals.ebsco.com/direct.asp?ArticleID=462FA74A1B855997F385
Abstract:This article contributes to the analysis of the effects of globalization on Africa's economy, on the basis of discussions of emerging trends in the industrial organization of present-day capitalism, and in the nature of the international trade regime emerging from the Uruguay Round. The paper argues that globalization's effects on Africa are best seen in terms of the generation of new forms of inclusion. Two case studies are presented illustrating the changing nature of involvement, and related changes in entry barriers in African export sectors, and their effects with respect to differentiation. The first case concerns the clothing sector in Mauritius, the second the fresh vegetable sector in Kenya. While these studies confirm the contention of the International Financial Institutions that these are sectors where African participation is likely to increase, the emergence of the global 'contract manufacturing' phenomenon, and the institutionalization of process-based food safety standards implies that the main winners in this scenario will be large-scale transanational enterprises. Bibliogr., sum.
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