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On the supranational and national level of global value chain management

Author

Listed:
  • Viktor Koval

    (Kyiv National University of Trade and Economics, Ukraine)

  • Ganna Duginets

    (Kyiv National University of Trade and Economics, Ukraine)

  • Oksana Plekhanova

    (Petro Mohyla Black Sea State University, Ukraine)

  • Andrii Antonov

    (Zhytomyr Polytechnic State University, Ukraine)

  • Mariana Petrova

    (St. Cyril and St. Methodius University of Veliko Turnovo, Bulgaria)

Abstract

It has been proven that the functioning of global value chains (GVCs) takes place by the agreement of various interests of the participating subjects. In determining the direction of fragmentation of production processes of multinational corporations (MNCs), of particular importance are comparative advantages of countries, which explains the constant reconfiguration of GVCs, including the tendency of reconsolidation and repatriation of their links into developed countries occurring in the last decade. It is substantiated that superstate and state assistance to GVCs, in the conditions of the transformation of global production in the XXI century, is beginning to play a prominent role, without, however, decreasing the importance of corporate (or inter-corporate) regulation of these processes. The existing model of global production fragmentation, while active at the beginning of the XXI century, will not necessarily remain adequately effective in 10-15 years. Considering this, and the fact that the functioning of production chains participated in by MNCs is based on inter-country differences that are constantly changing under the influence of scientific and technological progress, it can be stated that global production will continue to evolve, as will GVCs and the conditions of their functioning, which makes further research in this direction relevant.

Suggested Citation

  • Viktor Koval & Ganna Duginets & Oksana Plekhanova & Andrii Antonov & Mariana Petrova, 2019. "On the supranational and national level of global value chain management," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1922-1937, June.
    • Handle: RePEc:ssi:jouesi:v:6:y:2019:i:4:p:1922-1937
    DOI: 10.9770/jesi.2019.6.4(27)
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    Cited by:

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    2. Ali, Imran & Arslan, Ahmad & Chowdhury, Maruf & Khan, Zaheer & Tarba, Shlomo Y., 2022. "Reimagining global food value chains through effective resilience to COVID-19 shocks and similar future events: A dynamic capability perspective," Journal of Business Research, Elsevier, vol. 141(C), pages 1-12.
    3. Irina Maslova & Boris Maslov & Irina Korostelkina & Liudmila Popova, 2019. "Model of statistical economic profile of innovative biomedical product value formation and update," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 471-483, September.
    4. Sultan RAMAZANOV & Mariana PETROVA, 2020. "Development, management and forecasting in a green innovative economy, based on the integral dynamics model in the conditions of "INDUSTRY - 4.0"," Access Journal, Access Press Publishing House, vol. 1(1), pages 9-30, May.
    5. Svitlana Tkalenko & Tetyana Melnyk & Liudmyla Kudyrko, 2020. "Macroeconomic Factors Influencing The Development Of Ukraine’S Foreign Trade," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 6(3).

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    More about this item

    Keywords

    business-government relations; regulation and internationalization; institutions; global value chains; fragmentation of production; innovation development;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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