 Global Agricultural Value Systems and the South: Some Critical Issues at the Current JuncturePraveen Jha and Paris Yeros Agrarian South: Journal of Political Economy, 2019, vol. 8, issue 1-2, 14-29 Abstract: Contemporary capitalism has been in a process of restructuring driven by giant corporations for which the world as a whole has become the playing field, more than ever before. As such, components of a single end-use commodity/final output are conceived, designed, produced, procured, and processed in different parts of the globe, before being assembled at a specific destination for ultimate consumption, which again may have a global reach. This is the crux of what is termed Global Value Systems (GVSs) in this article, a notion which is introduced in its conceptual underpinnings and historical significance. This then applied to global agriculture, to argue that a key feature of contemporary capitalism is the expansion of Global Agricultural Value Systems (GAVSs), alongside the GVSs in industry and services. GAVSs have contributed to the strengthening of direct land acquisitions and contract farming or out-grower models in the peripheries across the South. Keywords: Imperialism; global value systems (GVSs); global agricultural value systems (GAVSs); peasantry; agricultural labor (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:agspub:v:8:y:2019:i:1-2:p:14-29 Access Statistics for this article More articles in Agrarian South: Journal of Political Economy from Centre for Agrarian Research and Education for South |
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