Review of the monograph: Volgina, N.A., Liu, Pengfei (2023). China in Global Value Chains. Moscow: KNORUS publ., 174 p.
The review is devoted to the assessment of the monograph by N.A. Volgina and Liu Pengfei “China in Global Value Chains”. Based on the input-output methodological approach and the principle of decomposition of gross exports, the authors come to a number of relevant conclusions that depict the dynamic...
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| Format: | Article |
| Language: | English |
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Peoples’ Friendship University of Russia (RUDN University)
2023-12-01
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| Series: | RUDN Journal of Economics |
| Subjects: | |
| Online Access: | https://journals.rudn.ru/economics/article/viewFile/34252/21956 |
| _version_ | 1797851733949415424 |
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| author | Petr A. Orekhovsky |
| author_facet | Petr A. Orekhovsky |
| author_sort | Petr A. Orekhovsky |
| collection | DOAJ |
| description | The review is devoted to the assessment of the monograph by N.A. Volgina and Liu Pengfei “China in Global Value Chains”. Based on the input-output methodological approach and the principle of decomposition of gross exports, the authors come to a number of relevant conclusions that depict the dynamics of China’s participation in global value chains. Thus, the last decades have been characterized by uneven growth of Chinese domestic and foreign value added: domestic value added has grown at a faster rate than foreign value added, and its share in gross exports has gradually increased. At the same time, there has been a drop in China’s “participation index” in global value chains, and this decrease was developing at the expense of a decrease in upward participation. The “position Index” was characterized by a different trend: its slow growth from negative to positive values was observed, which reflected the fact that China’s income from value-added trade was increasing. The authors’ calculations show that there are differences in the dynamics of “indices of participation” of individual industries in value chains: the share of labourintensive industries is decreasing and the share of capital-intensive industries, primarily engineering, is increasing. For the first time in Russian economic literature, this monograph critically assesses the contribution of Chinese economists to the study of the formation of global and regional value chains in China. In the final part of the monograph, the authors point out the contradictory effects of China’s participation in global value chains, which include both the benefits and risks of such integration. |
| first_indexed | 2024-04-09T19:22:37Z |
| format | Article |
| id | doaj.art-ae0b91706a99401da44fb0f1d0bdc298 |
| institution | Directory Open Access Journal |
| issn | 2313-2329 2408-8986 |
| language | English |
| last_indexed | 2024-04-09T19:22:37Z |
| publishDate | 2023-12-01 |
| publisher | Peoples’ Friendship University of Russia (RUDN University) |
| record_format | Article |
| series | RUDN Journal of Economics |
| spelling | doaj.art-ae0b91706a99401da44fb0f1d0bdc2982023-04-05T08:42:51ZengPeoples’ Friendship University of Russia (RUDN University)RUDN Journal of Economics2313-23292408-89862023-12-0131118418910.22363/2313-2329-2023-31-1-184-18920997Review of the monograph: Volgina, N.A., Liu, Pengfei (2023). China in Global Value Chains. Moscow: KNORUS publ., 174 p.Petr A. Orekhovsky0Institute of Economics of Russian Academy of SciencesThe review is devoted to the assessment of the monograph by N.A. Volgina and Liu Pengfei “China in Global Value Chains”. Based on the input-output methodological approach and the principle of decomposition of gross exports, the authors come to a number of relevant conclusions that depict the dynamics of China’s participation in global value chains. Thus, the last decades have been characterized by uneven growth of Chinese domestic and foreign value added: domestic value added has grown at a faster rate than foreign value added, and its share in gross exports has gradually increased. At the same time, there has been a drop in China’s “participation index” in global value chains, and this decrease was developing at the expense of a decrease in upward participation. The “position Index” was characterized by a different trend: its slow growth from negative to positive values was observed, which reflected the fact that China’s income from value-added trade was increasing. The authors’ calculations show that there are differences in the dynamics of “indices of participation” of individual industries in value chains: the share of labourintensive industries is decreasing and the share of capital-intensive industries, primarily engineering, is increasing. For the first time in Russian economic literature, this monograph critically assesses the contribution of Chinese economists to the study of the formation of global and regional value chains in China. In the final part of the monograph, the authors point out the contradictory effects of China’s participation in global value chains, which include both the benefits and risks of such integration.https://journals.rudn.ru/economics/article/viewFile/34252/21956chinaglobal value chainsgvcforeign value addedfvadomestic value addeddvaparticipation indexposition index |
| spellingShingle | Petr A. Orekhovsky Review of the monograph: Volgina, N.A., Liu, Pengfei (2023). China in Global Value Chains. Moscow: KNORUS publ., 174 p. RUDN Journal of Economics china global value chains gvc foreign value added fva domestic value added dva participation index position index |
| title | Review of the monograph: Volgina, N.A., Liu, Pengfei (2023). China in Global Value Chains. Moscow: KNORUS publ., 174 p. |
| title_full | Review of the monograph: Volgina, N.A., Liu, Pengfei (2023). China in Global Value Chains. Moscow: KNORUS publ., 174 p. |
| title_fullStr | Review of the monograph: Volgina, N.A., Liu, Pengfei (2023). China in Global Value Chains. Moscow: KNORUS publ., 174 p. |
| title_full_unstemmed | Review of the monograph: Volgina, N.A., Liu, Pengfei (2023). China in Global Value Chains. Moscow: KNORUS publ., 174 p. |
| title_short | Review of the monograph: Volgina, N.A., Liu, Pengfei (2023). China in Global Value Chains. Moscow: KNORUS publ., 174 p. |
| title_sort | review of the monograph volgina n a liu pengfei 2023 china in global value chains moscow knorus publ 174 p |
| topic | china global value chains gvc foreign value added fva domestic value added dva participation index position index |
| url | https://journals.rudn.ru/economics/article/viewFile/34252/21956 |
| work_keys_str_mv | AT petraorekhovsky reviewofthemonographvolginanaliupengfei2023chinainglobalvaluechainsmoscowknoruspubl174p |