Law and the Operation of Global Value Chains: Challenges at the Intersection of Systematisation and Flexibility

The article assesses the impact of various factors on the growth rate of international trade. Many experts interpreted the cross-border flows of goods decline against the backdrop of a growing global economy as an alarming sign that indicates a slowdown in the processes of globalization. To determine the reasons for the dynamics of international trade, the decompositions of its growth rate were carried out and allowed to single out the effect of the dollar exchange rate, the commodities prices and global value chains on the change in the volume of trade. As a result, it was discovered that the most part of the dynamics of international trade is due to fluctuations in the exchange rate of the dollar and prices for basic commodity groups. The negative contribution of trade within global value chains in 2014 was also revealed. During the investigated period (2000—2014), such a picture was observed only in the crisis periods, which may indicate the beginning of structural changes in the world trade.

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A Study on the Effects of Global Value Chains on Korea's Foreign Direct Investment

10.15798/kaici.2020.22.2.143 ◽

2020 ◽

Vol 22 (2) ◽

pp. 143-163

Author(s):

Jin-Hyeong Sim ◽

Jae-Hwa Lee

Keyword(s):

Foreign Direct Investment ◽

Direct Investment ◽

Global Value Chains ◽

Value Chains

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An Empirical Investigation Of Trade Diversion And Global Value Chains

10.1596/1813-9450-9089 ◽

2019 ◽

Author(s):

Francois de Soyres ◽

Julien Maire ◽

Guillaume Sublet

Keyword(s):

Empirical Investigation ◽

Trade Diversion ◽

Global Value Chains ◽

Value Chains

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Central and Eastern European states in global production linkages: country-level and sector-level analysis

10.31338/1641-2478pe.2.17.3 ◽

2017 ◽

pp. 38-60 ◽

Cited By ~ 1

Author(s):

Ewa Cieślik

Keyword(s):

Global Value Chains ◽

Jel Classification ◽

European Countries ◽

Value Chains ◽

Eastern European ◽

Large Share ◽

Country Level ◽

Western European ◽

Eastern European Countries ◽

Level Analysis

The paper evaluates Central and Eastern European countries’ (CEEs) location in global vertical specialization (global value chains, GVCs). To locate each country in global value chains (upstream or downstream segment/market) and to compare them with the selected countries, a very selective methodology was adopted. We concluded that (a) CEE countries differ in the levels of their participation in production linkages. Countries that have stronger links with Western European countries, especially with Germany, are more integrated; (b) a large share of the CEE countries’ gross exports passes through Western European GVCs; (c) most exporters in Central and Eastern Europe are positioned in the downstream segments of production rather than in the upstream markets. JEL classification: F14, F15.

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