Global Value Chains: Accounting for the Participation of Individual Countries in the Creation of Value Added

Vyacheslav Sokolov

Russian Foreign Economic Journal, 2016, issue 2, 48-59

Abstract: The article considers the data on international trade flows of value added. The place of individual countries in the global value chains is examined. It is noted that high content of foreign value added in exports is peculiar for rather small advanced countries of Europe and also rather recently industrialized countries of Asia, which have a large share of assembly production in their manufacturing industries. Low content of foreign value added is peculiar for large advanced countries, which have whole production chains in their territory, and raw materials exporting countries, including Russia. The United States remain the leader in the content of national value added in the exports of services.

Keywords: International trade; value added; national value added; foreign value added; global value chains. (search for similar items in EconPapers)
Date: 2016
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