From the orthodoxy of the 90s to the "post-Washington Consensus": the GVC approach within international financial organizations

Authors

  • Manuel Facundo Trevignani Instituto de Humanidades y Ciencias Sociales del Litoral (IHUCSO Litoral). Consejo Nacional de Investigaciones Científicas y Técnicas (Conicet) – Universidad Nacional del Litoral. Santa Fe de la Vera Cruz, Santa Fe, Argentina. https://orcid.org/0000-0002-7428-2739

DOI:

https://doi.org/10.21527/2237-6453.2023.59.14200

Keywords:

IDB, World Bank, Washington Consensus, development, global value chains

Abstract

Towards the end of the 90s, the discredit of the Washington Consensus’ policies led to a progressive reorientation of the development agenda in the international community. At the beginning of the new century, the perspective that came to fill this conceptual gap was the Global Value Chains (GVC) approach, introduced as a new tool to analyze the productive reconfiguration of the capitalist system. As this theoretical framework gained relevance in the academic arena, its main contributions began to be introduced in a diversity of international organizations, emerging as the new development strategy for peripheral countries. This article conducts a critical study about the “conceptual journey” followed by the GVC approach in its assimilation by two international financial organizations: the Inter-American Development Bank and the World Bank.

References

AMSDEN, A. The rise of “the rest”: Challenges to the west from late-industrializing economies. Nueva York: Oxford University Press, 2001.

BAMBER, P.; STARITZ, C. The Gender Dimensions of Global Value Chains. Ginebra: International Center for Trade and Sustainable Development, 2016.

BERNHARDT, T. Developing countries in the global apparel value chain: a tale of upgrading and downgrading experiences. Capturing the Gains, Working Paper, n. 22, 2013.

BID. Globalización: el desarrollo de cadenas de valor en las Américas. Informe especial elaborado para la Cumbre de las Américas, 2012.

BLYDE, J. Fábricas sincronizadas. América Latina y el Caribe en la Era de las Cadenas Globales de Valor. Washington, DC: Banco Interamericano de Desarrollo, 2014.

BLYDE, J.; TRACHTENBERG, D. Global Value Chains and Latin America: A Technical Note. Banco Interamericano de Desarrollo. Nota Técnica 1.853, 2020.

CATTANEO, O.; GEREFFI, G.; STARITZ, C. Global Value Chains in a Post-Crisis World: a Development Perspective. Washington, DC: World Bank, 2010.

CATTANEO, O.; GEREFFI, G.; MIROUDOT, S.; TAGLIONI, D. Joining, Upgrading and Being Competitive in Global Value Chains. A strategic framework. World Bank Working Paper, n. 6.406, 2013.

CHANG, H. Regulation of foreign investment in historical perspective. The European Journal of Development Research, v. 16, n. 3, p. 687-715, 2004.

CHRISNEY, M.; KAMIYA, M. El análisis de arreglos institucionales y programas de desarrollo productivo en América Latina y el Caribe. Banco Interamericano de Desarrollo. Nota Técnica, n. 305, 2011.

COON, J.; CAMPION, A.; WENNER, M. Financing Agriculture Value Chains in Central America. Banco Interamericano de Desarrollo. Nota técnica, n. 146, 2010.

DE LA CRUZ, J.; KOOPMAN, R.; WANG, Z.; WEI, S. Estimating Foreign Value-added in Mexico’s Manufacturing Exports. U.S. International Trade Commission Working Paper, 2011.

EVANS, P. Embedded autonomy: States and industrial transformation. Princeton: Princeton University Press, 1995.

FERNÁNDEZ-STARK, K.; BAMBER, P.; GEREFFI, G. Engineering Services in the Americas. Durham: Duke University Center on Globalization, Governance & Competitiveness, 2010.

FERNÁNDEZ-STARK, K.; BAMBER, P. Assessment of five high-value agriculture inclusive business projects sponsored by the Inter-American Development Bank in Latin America. Durham: Duke University Center on Globalization, Governance & Competitiveness, 2012.

FIAS. Moving Toward Competitiveness: A Value Chain Approach. Washington, DC: Foreign Investment Advisory Service; World Bank Group, 2007.

FRANCOIS J.; MANCHIN, M.; TOMBERGER, P. Services Linkages and the Value Added Content of Trade. World Bank Mimeo, 2012.

FREDERICK, S.; STARITZ, C. Developments in the Global Apparel Industry after the MFA Phaseout. In: LOPEZ-ACEVEDO, G.; ROBERTSON, R. (ed.). Sewing Success? Washington, DC: World Bank, 2012.

GEREFFI, G. Global value chains in a post-Washington Consensus world. Review of International Political Economy, v. 21, n. 1, p. 9-37, 2014.

GEREFFI, G. Global value chains and international development policy: Bringing firms, networks and policy-engaged scholarship back in. Journal of International Business Policy, v. 2, n. 3, p. 195-210, 2019.

GEREFFI, G.; HUMPHREY, J.; KAPLINSKY, R.; STURGEON, T. Globalization, value chains and development. IDS Bulletin, v. 32, n. 3, p. 1-8, 2001.

GIULIANI, E.; PIETROBELLI, C.; RABELLOTTI, R. Upgrading in global value chains: lessons from Latin American clusters. World Development, v. 33, n. 4, p. 549-573, 2005.

JAFFEE, S.; KOPICKI, R.; LABASTE, P.; CHRISTIE, I. Modernizing Africa’s Agro-Food Systems: Analytical Framework and Implications for Operations. World Bank Working Paper, Serie n. 44, 2003.

JENKINS, B.; AKHALKATSI, A.; ROBERTS, B.; GARDINER, A. Business Linkages: lessons, opportunities, and challenges. IFC, International Business Leaders Forum, and the Kennedy School of Government. Cambridge: Harvard University, 2007.

KANBUR, R. Economic policy, distribution and poverty: the nature of disagreements”. World Development, v. 29, n. 6, p. 1.083-1.094, 2001.

KAPLINSKY, R.; READMAN, J. Integrating SMEs in Global Value Chains: Towards Partnership for Development. [S.l.]: United Nations Industrial Development Organization, 2001.

MAYER, F.; GEREFFI, G. International development organizations and global value chains. In: PONTE, S.; GEREFFI, G.; RAJ-REICHERT, G. Handbook on Global Value Chains. Cheltenham y Northampton: Edward Elgar Publishing, 2019.

MEDEIROS, C. Política industrial e divisão internacional de trabalho. Revista de Economia Política, v. 39, n. 1, p. 71-87, 2019.

MEYER-STAMER, J. Local Economic Development. In: GIORDAN, P.; LANZAFAME, F; MEYER-STAMER, J. (ed.). Asymmetries in Regional Integration and Local Development. Washington, DC: Inter-American Development Bank, 2005.

NEILSON, J. Value chains, neoliberalism and development practice: The Indonesian experience. Review of International Political Economy, v. 21, n. 1, p. 38-69, 2014.

PIETROBELLI, C.; RABELLOTTI, R. Upgrading in clusters and value chains in Latin America: the role of policies. Inter-American Development Bank, Best Practices Series, 2004.

PIETROBELLI, C.; RABELLOTTI, R. Upgrading to Compete: Global Value Chains, Clusters, and SMEs in Latin America. Cambridge: Harvard University Press, 2006.

PIETROBELLI C.; RABELLOTTI, R. Global Value Chains Meet Innovation Systems. Inter-American Development Bank, Working Paper, Series n. Idb-Wp-232, 2010.

PIETROBELLI, C.; STARITZ, C. Challenges for Global Value Chain Interventions in Latin America. Inter-American Development Bank, Nota Técnica, n. IDB-TN-548, 2013.

SALIDO, J.; BELLHOUSE, T. Economic and Social Upgrading: Definitions, connections and Exploring Means of Measurement. Ciudad de México: Cepal, 2016.

STARITZ, C. Making the Cut? Low-Income Countries and the Global Clothing Value Chain in a Post-Quota and Post-Crisis World. Washington, DC: World Bank, 2011.

STARITZ, C.; REIS, J. Global Value Chains, Economic Upgrading, and Gender. Washington, DC: World Bank, 2013.

SUBRAMANIAN, U.; MATTHIJS M. Can Sub-Saharan Africa Leap into Global Network Trade? World Bank Group, Working Paper, n. 4.112, 2007.

TAGLIONI, D.; WINKLER, D. Making Global Value Chains Work for Development. Washington, DC: World Bank, 2016.

TELLO, M. Cadenas globales de valor y exportaciones de productos intensivos en recursos naturales de América Latina y el Caribe: 1994-2011. Banco Interamericano de Desarrollo, Nota Técnica, n. 1.241, 2017.

TREVIGNANI, M.; LAUXMANN, C.; VALENTINUZ, M. Introduciendo al Estado para el desarrollo en el enfoque de Cadenas Globales de Valor. Problemas del Desarrollo, v. 53, n. 209, p. 3-26, 2022.

WADE, R. Governing the Market: Economic theory and the role of government in East Asian industrialization. Princeton: Princeton University Press, 1990.

WADE, R. Making the World Development Report 2000: Attacking Poverty. World Development, v. 29, n. 8, p. 1.435-1.441, 2001.

WERNER, M.; BAIR, J.; FERNÁNDEZ, V. Linking up to development? Global value chains and the making of a post Washington Consensus. Development and Change, v. 45, n. 6, p. 1.219-1.247, 2014.

WORLD BANK. World Development Report 2000/2001: Attacking Poverty. Nueva York: World Bank, 2001.

WORLD BANK. Private Sector Development Strategy Implementation Progress Report. Washington, DC: World Bank, 2003.

WORLD BANK. Cambodia Seizing the Global Opportunity: Investment Climate Assessment and Reform Strategy for Cambodia. Document n. 27925-KH, Washington, DC: World Bank, 2004.

WORLD BANK. Kenya Growth and Competitiveness. Report n. 31387-KE. Washington, DC: World Bank, 2005a.

WORLD BANK. Bangladesh Growth and Export Competitiveness. Report n. 31394-BD. Washington, DC: World Bank, 2005b.

WORLD BANK. The Tourism Sector in Mozambique: A Value Chain Analysis. Washington, DC: World Bank, 2006a.

WORLD BANK. Improving Indonesia’s Competitiveness: Case Study of Textile and Farmed Shrimp Industries. Washington, DC: World Bank, 2006b.

WORLD BANK. Clusters for competitiveness. Washington, DC: World Bank, 2009.

WORLD BANK. Global Value Chain Development Report 2017: Measuring and Analyzing the Impact of GVCs on Economic Development. Washington, DC: World Bank, 2017.

WORLD BANK. World Development Report 2020: Trading for development in the age of Global Value Chains. Washington, DC: World Bank, 2020.

WTO. Global Value Chain Development Report 2019: Technological innovation, supply chain trade, and workers in a globalized world. Ginebra: World Trade Organization, 2019.

Published

2023-07-27

How to Cite

Trevignani, M. F. (2023). From the orthodoxy of the 90s to the "post-Washington Consensus": the GVC approach within international financial organizations. Development in Question Journal, 21(59), e14200. https://doi.org/10.21527/2237-6453.2023.59.14200