Assessment of the transforming impact of global value chains on international trade

Evgeny N. Smirnov and Sergey A. Lukyanov
Additional contact information
Evgeny N. Smirnov: State University of Management
Sergey A. Lukyanov: State University of Management

Upravlenets, 2019, vol. 10, issue 3, 36-46

Abstract: The article discusses the problems of international fragmentation of production and global value chains and how they relate to modern aspects, trends and challenges of international trade development. Methodologically the research rests upon the key principles of classical and alternative theories of international trade, the theory of value chains and the basic theories of foreign investment. In the course of the study, the authors apply both general theoretical (formalization, synthesis, analysis) and particular (measurement, comparison, observation) research methods. The main results of the research are as follows: a conceptual rethink of the nature of today’s international trade in terms of influencing factors of global production decomposition; theoretical justification and criticism of contemporary approaches to the organization of value chains between developed and developing countries; the formulation of measures to modify trade and economic policy in the current system-related and structural challenges of value chains’ transformation. The authors conclude that instability of modern global value chains in the world production and international trade is due to the unsteady dynamics of the global economy, industrial differentiation of global value chains, changes in international strategies of multinational companies, innovation and digitalization of global production networks.

Keywords: global value chain; multinational company; foreign investment; intermediate consumption; international trade; offshoring. (search for similar items in EconPapers)
JEL-codes: F12 F23 F62 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://upravlenets.usue.ru/images/79/4.pdf (application/pdf)
http://upravlenets.usue.ru/en/issues-2019/567 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:url:upravl:v:10:y:2019:i:3:p:36-46

DOI: 10.29141/2218-5003-2019-10-3-4

Access Statistics for this article

Upravlenets is currently edited by Yulia S. Bausova

More articles in Upravlenets from Ural State University of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Victor Blaginin ().