Capitalist Value Chains
Labour Exploitation, Nature Destruction, Geopolitics
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Product details:
- Publisher OUP Oxford
- Date of Publication 22 October 2025
- ISBN 9780198887836
- Binding Hardback
- No. of pages320 pages
- Size 16x156x234 mm
- Weight 598 g
- Language English 656
Categories
Short description:
In this compelling book, the authors show how the mainstream notion of Global Value Chains obscures their capitalist character and introduce the alternative concept of Capitalist Value Chains. These chains are premised upon the internationalized exploitation of labour, the destruction of nature, and underpinned by violent geopolitics.
MoreLong description:
Is it true that Global Value Chains (GVCs) 'boost incomes, create better jobs, and reduce poverty', as commonly claimed? In this compelling book, Selwyn and Bernhold show how the mainstream notion of GVCs obscures their capitalist character. To transcend this shortcoming, the authors introduce the concept of Capitalist Value Chains (CVCs). They explore how and why CVCs generate many highly exploitative jobs, new forms of poverty, are stunting real human development, and are destroying the world's environment.
CVCs are a historically-specific configuration of capitalist class relations that have been restructured and bolstered through geopolitics. The authors argue that rather than waiting for the elusive benefits of 'economic, social, and environmental upgrading' as promoted in mainstream GVC scholarship, workers' collective actions can improve their pay and conditions-under historically and geographically specific conditions of uneven development. The authors clearly explain how, instead of striving to make CVCs more 'resilient', progressive political economists need to envision a world beyond these capitalist relations of generalized exploitation and appropriation.
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The twenty-first century world economy is organized around what corporate CEOs, Wall Street investors and now nearly everyone else are accustomed to call global value chains. But what exactly are these value chains that so continuously circulate around the globe? The authors of this book reveal that these are in reality capitalist value chains. They then take you on a fascinating journey into the hidden abodes of global capitalist value chain production, exchange, and distribution, and the effects on the relations of labor and capital, Global North and Global South, and humanity and the environment. If you want to know about the political economy of global power in our time, there are hundreds of works you will want to study. But first read this book.
Table of Contents:
Introduction
Capitalism, Class, and CVCs
The Mainstreaming of GVC Theory
The World Bank's Perspective on GVCs: An Immanent Critique
Making CVCs: The Role of Geopolitics
The Supply Chain Resilience Agenda: Unveiling Its Geopolitical and Class-Relational Dynamics
CVCs and Poverty: Immiserating Growth-Regimes
Economic Upgrading through Class Differentiation
Social Upgrading from Below?
CVCs and Nature Destruction
Conclusions