NEOLIBERALISM AND GLOBAL COMMODITY-VALUE CHAIN

Abstract

Neoliberalism radically changed the economic policies of countries. Neoliberal transformation replacing protectionist economic policies of the states with free-market implementations opened free movement space for capital in the world. Capital obtaining this freedom divided production processes into parts and shifted some of those parts to developing countries where labor was cheap, and so, a new division of labor emerged. After these developments, in the 1990s, Garry Gereffi has expanded the value chain literature, which is specially commemorated with Micheal Porter, by including the global dimension and concept of the Global Commodity-Value Chain has shown up. Many studies on agriculture and non-agriculture have used this approach in recent years. This study aims to do the political economy of the Global Commodity-Value Chain by indicating the relation between neoliberalism and GVC.