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International Relations: Politics, Economics, Law

Abstract

In recent decades, the rapid development of the international division of labor has led to the fact that the production of the same product and related procedures have been carried out by several countries of the world. Due to this, the share of intermediate goods and components, as well as services, is increasing in the structure of world trade. The development of the Internet and ICT has led to the emergence of new activities such as electronic commerce, outsourcing and offshoring. Economic development has become more dependent on innovative technological development, foreign direct investment and the activities of transnational corporations that generate them. According to UNCTAD, such intra- and inter-firm global value chains (GVDCs) already account for more than 80% of world trade.

First Page

11

Last Page

32

References

Ñì.: Global Value Chains and Development: Investment and Value Added Trade in the Global Economy // United Nations Conference on Trade and Development, 2013. 2. Ñì.: Gereffi G. & Sturgeon T. Global value chain-oriented industrial policy: the role of emerging economies / Global value chains in a changing world // Fung Global Institute (FGI), Nanyang Technological University (NTU), and World Trade Organization (WTO), 2013. 3. Ñì.: Cattaneo O., Gereffi G., & Staritz C. Global value chains in a postcrisis world: a development perspective // World Bank Publications. 2010. 4. Ñì.: www.enterprisesu rveys.org 5. Ñì.: Rigo D. A Portrait of Firms Participating in Global Value Chains (No. 01- 2017) // Centre for Trade and Economic Integration, The Graduate Institute. 2017.

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