Trading Down

"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