NEW COORDINATES AND CHALLENGES: MOVING UP THE VALUE CHAIN. A MACROECONOMIC PERSPECTIVE

Cristiana Ioana Şerbănel
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Cristiana Ioana Şerbănel: Academy of Economic Studies, Bucharest, Romania

Studies in Business and Economics, 2014, vol. 9, issue 3, 168-180

Abstract: Considerable attention has recently been conducted towards the analysis of increasing globalization and its effects on trade flows. Vertical specialization and global value chains represent the key idea embodied in this paper. The phenomenon happens when countries specialize in certain stages of good’s production cycle. I believe that production fragmentation is rife in modern production sequences analysis. I subsequently examine the role of vertical specialization measurement and the current possibilities to perform relevant calculus. I conclude by stressing the need to be aware of international production changes in current times.

Keywords: international trade; vertical specialization; competitive advantage, global value chains (search for similar items in EconPapers)
Date: 2014
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