On the supranational and national level of global value chain management

Viktor Koval (), Ganna Duginets (), Oksana Plekhanova (), Andrii Antonov () and Mariana Petrova ()
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Viktor Koval: Kyiv National University of Trade and Economics, Ukraine
Ganna Duginets: Kyiv National University of Trade and Economics, Ukraine
Oksana Plekhanova: Petro Mohyla Black Sea State University, Ukraine
Andrii Antonov: Zhytomyr Polytechnic State University, Ukraine
Mariana Petrova: St. Cyril and St. Methodius University of Veliko Turnovo, Bulgaria

Entrepreneurship and Sustainability Issues, 2019, vol. 6, issue 4, 1922-1937

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 (search for similar items in EconPapers)
JEL-codes: E60 F12 F23 O33 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:6:y:2019:i:4:p:1922-1937

DOI: 10.9770/jesi.2019.6.4(27)

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