GLOBAL VALUE CHAINS: WORLD TRENDS AND THE RUSSIA’S INVOLVEMENT
The paper considers the main theoretical approaches to understanding global value chains (GVC) and analyzes their role in the modern global economy. It is emphasized that in view of the growing political and economic importance of the GVC, today this phenomenon is in the focus of many countries and...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | Russian |
| Published: |
Government of the Russian Federation, Financial University
2017-10-01
|
| Series: | Финансы: теория и практика |
| Subjects: | |
| Online Access: | https://financetp.fa.ru/jour/article/view/114 |
| _version_ | 1797878806132817920 |
|---|---|
| author | T. A. Meshkova E. Ja. Moiseichev |
| author_facet | T. A. Meshkova E. Ja. Moiseichev |
| author_sort | T. A. Meshkova |
| collection | DOAJ |
| description | The paper considers the main theoretical approaches to understanding global value chains (GVC) and analyzes their role in the modern global economy. It is emphasized that in view of the growing political and economic importance of the GVC, today this phenomenon is in the focus of many countries and international institutions including the «Group of Twenty» (G20), the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO), the United Nations Conference on Trade and Development (UNCTAD) and the World Bank. To describe the major world trends in the GVC and characteristic aspects of Russia’s involment in the GVC, the paper uses, inter alia, the most recent data obtained through applying the TiVA (Trade in Value-Added) methodology which was developed jointly by the OECD and the WTO.The current state of Russia’s participation in the GVC proves that Russia is mainly involved in the upstream GVC part (i.e. other countries use exported Russian goods as raw materials or components in their production). The current position of Russia in the GVC does not provide long-term benefits for our country nor meet the medium and long-term objectives of social and economic, scientific and technological development.The authors explore the barriers as well as factors facilitating the participation of Russia in the GVC. In conclusion, recommendations are made to improve the effectiveness of Russia’s involvement in the GVC. The suggested measures include both horizontal measures related to the comprehensive modernization of the economy and public administration as well as measures aimed at a more adequate assessment, monitoring and forecasting of participation in the GVC through active international cooperation in this field. |
| first_indexed | 2024-04-10T02:39:04Z |
| format | Article |
| id | doaj.art-7212378f56a44139ad3f99f913e9a4ec |
| institution | Directory Open Access Journal |
| issn | 2587-5671 2587-7089 |
| language | Russian |
| last_indexed | 2024-04-10T02:39:04Z |
| publishDate | 2017-10-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Финансы: теория и практика |
| spelling | doaj.art-7212378f56a44139ad3f99f913e9a4ec2023-03-13T07:49:25ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892017-10-0101839610.26794/2587-5671-2015-0-1-83-96151GLOBAL VALUE CHAINS: WORLD TRENDS AND THE RUSSIA’S INVOLVEMENTT. A. Meshkova0E. Ja. Moiseichev1НИУ ВШЭНИУ ВШЭThe paper considers the main theoretical approaches to understanding global value chains (GVC) and analyzes their role in the modern global economy. It is emphasized that in view of the growing political and economic importance of the GVC, today this phenomenon is in the focus of many countries and international institutions including the «Group of Twenty» (G20), the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO), the United Nations Conference on Trade and Development (UNCTAD) and the World Bank. To describe the major world trends in the GVC and characteristic aspects of Russia’s involment in the GVC, the paper uses, inter alia, the most recent data obtained through applying the TiVA (Trade in Value-Added) methodology which was developed jointly by the OECD and the WTO.The current state of Russia’s participation in the GVC proves that Russia is mainly involved in the upstream GVC part (i.e. other countries use exported Russian goods as raw materials or components in their production). The current position of Russia in the GVC does not provide long-term benefits for our country nor meet the medium and long-term objectives of social and economic, scientific and technological development.The authors explore the barriers as well as factors facilitating the participation of Russia in the GVC. In conclusion, recommendations are made to improve the effectiveness of Russia’s involvement in the GVC. The suggested measures include both horizontal measures related to the comprehensive modernization of the economy and public administration as well as measures aimed at a more adequate assessment, monitoring and forecasting of participation in the GVC through active international cooperation in this field.https://financetp.fa.ru/jour/article/view/114глобальные цепочки создания добавленной стоимости (гцс, гцсс)организация экономического сотрудничества и развития (оэср)всемирная торговая организация (вто)конференция оон по торговле и развитию (юнктад)торговляконкуренцияглобализация |
| spellingShingle | T. A. Meshkova E. Ja. Moiseichev GLOBAL VALUE CHAINS: WORLD TRENDS AND THE RUSSIA’S INVOLVEMENT Финансы: теория и практика глобальные цепочки создания добавленной стоимости (гцс, гцсс) организация экономического сотрудничества и развития (оэср) всемирная торговая организация (вто) конференция оон по торговле и развитию (юнктад) торговля конкуренция глобализация |
| title | GLOBAL VALUE CHAINS: WORLD TRENDS AND THE RUSSIA’S INVOLVEMENT |
| title_full | GLOBAL VALUE CHAINS: WORLD TRENDS AND THE RUSSIA’S INVOLVEMENT |
| title_fullStr | GLOBAL VALUE CHAINS: WORLD TRENDS AND THE RUSSIA’S INVOLVEMENT |
| title_full_unstemmed | GLOBAL VALUE CHAINS: WORLD TRENDS AND THE RUSSIA’S INVOLVEMENT |
| title_short | GLOBAL VALUE CHAINS: WORLD TRENDS AND THE RUSSIA’S INVOLVEMENT |
| title_sort | global value chains world trends and the russia s involvement |
| topic | глобальные цепочки создания добавленной стоимости (гцс, гцсс) организация экономического сотрудничества и развития (оэср) всемирная торговая организация (вто) конференция оон по торговле и развитию (юнктад) торговля конкуренция глобализация |
| url | https://financetp.fa.ru/jour/article/view/114 |
| work_keys_str_mv | AT tameshkova globalvaluechainsworldtrendsandtherussiasinvolvement AT ejamoiseichev globalvaluechainsworldtrendsandtherussiasinvolvement |