A 'new' approach to global value chain analysis

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This paper uses new trade/new growth theories to better contextualise Global Value Chain (GVC) analysis of ‘traditional’ and ‘non-traditional’ agricultural trade. Research suggests that GVC governance structures may limit or enhance the applicability of new trade/new growth theories in terms of ‘learning by doing’; and therefore the ability to value chain upgrade. This paper tries to bridge the current divergence between input:output and value distribution approaches to GVC analysis. The case is made that both aspects are central to understanding upgrading processes within agricultural GVCs and growth through trade.