Received:
2019-01-13 | Accepted:
2019-04-14 | Published:
2019-06-30
Title
On the supranational and national level of global value chain management
Abstract
It has been proven that the functioning of global value chains (GVCs) takes place by the agreement of various interests of the participating subjects. In determining the direction of fragmentation of production processes of multinational corporations (MNCs), of particular importance are comparative advantages of countries, which explains the constant reconfiguration of GVCs, including the tendency of reconsolidation and repatriation of their links into developed countries occurring in the last decade. It is substantiated that superstate and state assistance to GVCs, in the conditions of the transformation of global production in the XXI century, is beginning to play a prominent role, without, however, decreasing the importance of corporate (or inter-corporate) regulation of these processes. The existing model of global production fragmentation, while active at the beginning of the XXI century, will not necessarily remain adequately effective in 10-15 years. Considering this, and the fact that the functioning of production chains participated in by MNCs is based on inter-country differences that are constantly changing under the influence of scientific and technological progress, it can be stated that global production will continue to evolve, as will GVCs and the conditions of their functioning, which makes further research in this direction relevant.
Keywords
business-government relations, regulation and internationalization, institutions, global value chains, fragmentation of production, innovation development
JEL classifications
E60
, F12
, F23
, O33
URI
http://jssidoi.org/jesi/article/330
DOI
Pages
1922-1937
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
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