Interrelation of regional integration of global value chains

Y. M. Kukushkina ()

International Trade and Trade Policy, issue 4

Abstract: The article is devoted to the analysis of the latest trends of regional integration and their impact on the development of Global Value Chains (GVCs). The author emphasizes that at the same time GVCs influence main development features of regional integration. In addition to economic effects of trade liberalization the author analyzes different aspects of regional trade agreements (RTAs) and regional initiatives in part of increasing the global value added created by each member-country. An important part of the article is case study of integration between developing countries on African continent, which is one of the most unsuccessful examples of GVC participation. The results and main conclusions of the article can be used to elaborate measures that will maximize benefits of developing countries’ participation in GVCs.

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