Global Value Chains in Electronics: Regional Post-2008 Crisis Regional Changes
The objective of the research is to identify the specifics of the global value chains (GVCs) in the world electronics industry after the 2008 global financial crisis. The paper analyses key indicators of GVC participation of the largest electronics exporters in three regions (Europe, North America,...
| Main Authors: | , |
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| Format: | Article |
| Language: | Russian |
| Published: |
Economic Research Institute of the Far East Branch of the Russian Academy of Sciences
2020-10-01
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| Series: | Prostranstvennaâ Èkonomika |
| Subjects: | |
| Online Access: | http://spatial-economics.com/eng/arkhiv-nomerov/2020-3/969- |
| Summary: | The objective of the research is to identify the specifics of the global value chains (GVCs) in the world electronics industry after the 2008 global financial crisis. The paper analyses key indicators of GVC participation of the largest electronics exporters in three regions (Europe, North America, and Asia). The analysis is based on TiVA 2018. Major GVC tendencies after the 2008 global financial crisis are revealed. The key tendencies are strengthening the regional character of the exports in overall as well as origins of foreign value added in exports. After 2008 a decrease in mean annual export growth rates is seen. The countries increased the share of domestic value added content of gross exports before the crisis, while after the crisis they increased the domestic value added becoming accordingly less dependent on foreign exports. In most states the upward export participation index declined after the crisis. This trend indicates a post-crisis GVC reduction and the increased orientation of states to value added exports that are consumed by the target markets or higher added value components used by foreign states in their respective domestic finished products. The general tendencies for states in GVC electronics does not exclude customized approaches and specifics of their incorporation in value chains but the analysis leads to the conclusion that countries in the same region show similar patterns of GVC participation. The Asian region plays a key role in the post-crisis transformation of the value chains |
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| ISSN: | 1815-9834 2587-5957 |