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Africa In World Agricultural Trade: Participation In Global Value Chains

The world economy is increasingly organized through global value chains (GVC) that result from the fragmentation of production processes across countries. A GVC consists of the series of stages involved in producing a product or service that is sold to consumers, with each stage adding value and with at least two stages carried out in different countries. A firm, country, or region participates in a GVC if it contributes to at least one stage in the production process (Antràs 2020). GVCs reflect the growing interconnection between developed and developing economies, including African countries, despite the continent’s apparent low participation in global trade.