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


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Koval, Viktor
Kyiv National University of Trade and Economics, Kiev, Ukraine https://knute.edu.ua
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Duginets, Ganna
Kyiv National University of Trade and Economics, Kiev, Ukraine https://knute.edu.ua
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Plekhanova, Oksana
Petro Mohyla Black Sea State University, Mykolaiv, Ukraine https://chmnu.edu.ua
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Antonov, Andrii
Zhytomyr Polytechnic State University, Zhytomyr, Ukraine https://ztu.edu.ua
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Petrova, Mariana
St. Cyril and St. Methodius University of Veliko Turnovo, Veliko Tarnovo, Bulgaria http://www.uni-vt.bg
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Journal title

Entrepreneurship and Sustainability Issues

Volume

6


Number

4


Issue date

June 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 2183  |  PDF downloads: 1823

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