“Stress-test” of Manufacturing Value Chains in Europe
The article dissects the relevant trends characterizing the large EU economies participation in global value chains. The response reactions of large European economies’ participation in manufacturing global value chains to the Global Financial crisis are analyzed. This crisis has been chosen for the...
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| Format: | Article |
| Language: | Russian |
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Institute of Europe Russian Academy of Sciences
2022-08-01
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| Series: | Научно-аналитический вестник Института Европы РАН |
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| Online Access: | http://vestnikieran.instituteofeurope.ru/images/4-2022/Vasilchenko42022.pdf |
| _version_ | 1811303287945691136 |
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| author | Vasilchenko, A.D. |
| author_facet | Vasilchenko, A.D. |
| author_sort | Vasilchenko, A.D. |
| collection | DOAJ |
| description | The article dissects the relevant trends characterizing the large EU economies participation in global value chains. The response reactions of large European economies’ participation in manufacturing global value chains to the Global Financial crisis are analyzed. This crisis has been chosen for the analysis owing to several reasons related to the economic nature of the crisis and statistics availability. In the paper three parameters of countries’ participation in value chains – sustainability, adaptivity, and self-sufficiency – have been examined. As a result, it has been revealed that the response reaction to the 2008–2009 crisis uncovered an inadequate sustainability of large European economies’ participation in manufacturing value chains. However, all the countries (namely, Germany, Italy, and France) have demonstrated serious adaptability and self-sufficiency during the crisis. At the same time, the latest crisis challenges the positive role of this adaptation in relation to the current conditions. This way, sustainability and self-sufficiency attributes require further verification with an account of the latest crisis specifics. |
| first_indexed | 2024-04-13T07:45:16Z |
| format | Article |
| id | doaj.art-f0b37d6906b9449b8297aed3880de720 |
| institution | Directory Open Access Journal |
| issn | 2618-7914 |
| language | Russian |
| last_indexed | 2024-04-13T07:45:16Z |
| publishDate | 2022-08-01 |
| publisher | Institute of Europe Russian Academy of Sciences |
| record_format | Article |
| series | Научно-аналитический вестник Института Европы РАН |
| spelling | doaj.art-f0b37d6906b9449b8297aed3880de7202022-12-22T02:55:43ZrusInstitute of Europe Russian Academy of SciencesНаучно-аналитический вестник Института Европы РАН2618-79142022-08-0128410511510.15211/vestnikieran42022105115“Stress-test” of Manufacturing Value Chains in EuropeVasilchenko, A.D. 0https://orcid.org/0000-0002-4904-1562The Institute of Europe of the Russian Academy of Sciences (IE RAS)The article dissects the relevant trends characterizing the large EU economies participation in global value chains. The response reactions of large European economies’ participation in manufacturing global value chains to the Global Financial crisis are analyzed. This crisis has been chosen for the analysis owing to several reasons related to the economic nature of the crisis and statistics availability. In the paper three parameters of countries’ participation in value chains – sustainability, adaptivity, and self-sufficiency – have been examined. As a result, it has been revealed that the response reaction to the 2008–2009 crisis uncovered an inadequate sustainability of large European economies’ participation in manufacturing value chains. However, all the countries (namely, Germany, Italy, and France) have demonstrated serious adaptability and self-sufficiency during the crisis. At the same time, the latest crisis challenges the positive role of this adaptation in relation to the current conditions. This way, sustainability and self-sufficiency attributes require further verification with an account of the latest crisis specifics.http://vestnikieran.instituteofeurope.ru/images/4-2022/Vasilchenko42022.pdfglobal value chainsglobal financial crisismanufacturingvalue-addedslowbalization |
| spellingShingle | Vasilchenko, A.D. “Stress-test” of Manufacturing Value Chains in Europe Научно-аналитический вестник Института Европы РАН global value chains global financial crisis manufacturing value-added slowbalization |
| title | “Stress-test” of Manufacturing Value Chains in Europe |
| title_full | “Stress-test” of Manufacturing Value Chains in Europe |
| title_fullStr | “Stress-test” of Manufacturing Value Chains in Europe |
| title_full_unstemmed | “Stress-test” of Manufacturing Value Chains in Europe |
| title_short | “Stress-test” of Manufacturing Value Chains in Europe |
| title_sort | stress test of manufacturing value chains in europe |
| topic | global value chains global financial crisis manufacturing value-added slowbalization |
| url | http://vestnikieran.instituteofeurope.ru/images/4-2022/Vasilchenko42022.pdf |
| work_keys_str_mv | AT vasilchenkoad stresstestofmanufacturingvaluechainsineurope |