Journal of Economic Literature· 2022Q1· Review
Agri-food Value Chain Revolutions in Low- and Middle-Income Countries
- 320citations
- Q1SCImago
- 2022year
Short summary
Agri-food value chains (AVCs) have undergone rapid growth and structural change in developing countries, becoming major employers, sources of value addition, and hubs for technology transfer and foreign investment, yet have been historically overlooked in economic development research.
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Key points
- Agri-food value chains (AVCs) have experienced rapid growth and structural change in developing countries.
- AVCs are now major employers and sources of value addition.
- AVCs are key locations for technology transfer and foreign investment.
- Economic development research has historically overlooked the significance of AVCs.
AI-generated from the title and abstract; the full text is not read.
Abstract
Agri-food value chains (AVCs) intermediate the flow of products between largely rural farmers, fisherfolk, or herders and increasingly urban consumers. The theoretical models that historically structured research on the economic development process assumed away AVC functions, however, and AVC firms and workers were necessarily omitted from the household data that generated most empirical findings in the agricultural and development economics literatures. As a result, the discipline has somewhat overlooked the rapid growth and structural change in AVCs over the past few decades that turned AVCs into major employers and sources of value addition, as well as key loci for technology transfer and foreign investment. This paper offers an integrated, structured, empirical narrative of how and why AVC revolutions occur in developing countries, the impacts of those changes, and the abundant economic research opportunities these structural changes afford economists. (JEL L14, L81, O13, O33, Q12, Q13, Q17)
The authors' abstract, as published at the source. Journal of Economic Literature, 2022 · DOI ↗
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Field: Business and International Management
Business and International ManagementBusiness, Management and Accounting