The nature of the genesis of the global value chains concept
DOI:
https://doi.org/10.31558/2307-2318.2024.1.16Keywords:
global value chains, concepts, management of global value chains, multinational enterprises (companies), global economy, competitivenessAbstract
The article is devoted to the generalization of the process of genesis of the concept of global value chains (GVC). The paper analyzes the existing concepts and hypotheses of motivation and factors contributing to the development of GVC, approaches to the structural analysis of distributed production, GVC management. The author concludes that the studied number of concepts captures fundamental changes occurring in production processes in the Економiка i органiзацiя управлiння •№ 1(53)2024 154 process of the development of international outsourcing and trade. The work proves that under current conditions of economic globalization, the concept of production has turned into a complex network of global value chains, in which components and parts are produced at several stages in different countries, which are interconnected horizontally, vertically and diagonally. The author emphasizes such a regularity of the phenomenon of global value chains as the growing role of outsourcing and offshoring, which creates a vertical intra-industry international trade of components and unfinished products within MNC.
Configurations of global value chains, relationships within and between them, affect production locations, interactions between firms and countries, and ultimately the configuration of the global economy. In conclusion, the author concludes that firms or countries, specializing in certain stages of global value chains, determine their own competitiveness in the international division of labour.
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