In recent decades, the theory of global value chains has emerged with great force. The article reviews the abundant literature that has been published on the subject, with the aim of explaining the theoretical framework that the seventy. From this analytical perspective, the development process is limited to the processes of industrial escalation or ascent. All of the above implies a challenge for Latin American economic development, since these structures imply processes of delocalization of productive activities, basically incompatible with the specialization in natural resources proper to the region. Thus, Latin America's model of rentier development does not fit adequately with the type of chains driven by the buyer, which dominate due to their high degree of functional integration with contemporary capitalism.
|Translated title of the contribution||The role of global value chains in the Latin American development process|
|Original language||Spanish (Ecuador)|
|State||Published - Nov 2018|