Global Value Chains

Natalya Konina ()
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Natalya Konina: MGIMO University

A chapter in World Economy and International Business, 2023, pp 611-618 from Springer

Abstract: Abstract The global value chains (GVC) are a backbone and extremely important element of the contemporary global economy determining its dynamics to a great extent. GVCs are concentrated in the manufacturing and service sectors. Their operations impact the boundaries and structure of traditional firms and as a result, many multinational enterprises transformed themselves into factoryless firms. From the point of view of management, five GVC governance models can be distinguished. The development of GVCs will be framed by competition, technological revolution, and reshoring.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-20328-2_30

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DOI: 10.1007/978-3-031-20328-2_30

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