Foreign direct investments, global value chains and regional development

2019 ◽  
pp. 218-238
Author(s):  
Laura Resmini
Keyword(s):  
Regional Development ◽  
Global Value Chains ◽  
Value Chains ◽  
Foreign Direct Investments

scholarly journals INTERNATIONAL PRODUCTION OF MULTINATIONAL ENTERPRISES

2018 ◽  
pp. 70-81
Author(s):  
O. Rogach
Keyword(s):  
Multinational Enterprises ◽  
Multinational Firms ◽  
Global Financial Crisis ◽  
Global Value Chains ◽  
Value Chains ◽  
Foreign Direct Investments ◽  
International Firms ◽  
International Production ◽  
The World ◽  
The Global Financial Crisis

The article analyzes the essence and scale of multinational enterprises (MNEs) international production. The questions of methodology and terminology of MNEs definition, evolution of views as well as the main approaches on this issue in the world and domestic economic literature are considered. It is argued that the concept of multinationality is a key attribute of modern international firms, the main feature of creating value process in their global chains and one of the most important competitive advantages of these firms over national companies. The development of the international production fragmentation theory and the terminology of global value chains is shown, as well as theoretical macroeconomic assessments of fragmentation and global value chains on the participating countries. Also paper shows the role of multinational firms in the world economy, modern tendencies of international production, dynamics of new annual foreign direct investments inflow and other indicators of the international production of multinational enterprises. It is argued that the reasons for a different trends of such indicators dynamics are the peculiarities of MNEs foreign affiliates financial mechanism after the global financial crisis and the development of network outsourcing mechanisms for the externalization of international production.

scholarly journals Trade, Global Value Chains and Development – What Role for National Development Banks?

2020 ◽  
Vol 89 (3) ◽  
pp. 9-33
Author(s):  
Petra Dünhaupt ◽  
Hansjörg Herr
Keyword(s):  
Industrial Policy ◽  
National Development ◽  
Global Value Chains ◽  
Global South ◽  
Value Chains ◽  
Foreign Direct Investments ◽  
Catching Up ◽  
National Currencies ◽  
Global North ◽  
Development Banks

Summary: In this article we discuss the need for industrial policy and role of development banks for economic development. The catching-up of countries in the Global South to productivity levels and living standards of the Global North is the exception. There are two main economic explanations for this observation. First, developing countries are pushed to low-tech and labor-intensive productions and tasks in global value chains. This offers the advantage of easier industrialisation, but it does not automatically lead to productivity levels comparable with the Global North. Foreign direct investments only partially help to overcome this problem. Second, low trust in national currencies in the Global South leads to distorted financial markets which do not provide sufficient credit for investment. National development banks play a key role in facilitating the economic catching-up of the Global South as part of needed industrial policies. They can alleviate distortions in the financial system and at the same time support the transformation of the economy towards higher productivity and ecological transformation. We explain development bank policies by using the KfW as an example of an effective industrial policy.

scholarly journals Local sourcing in developing countries: The role of foreign direct investments and global value chains

2019 ◽  
Vol 113 ◽  
pp. 73-88 ◽  
Author(s):  
Vito Amendolagine ◽  
Andrea F. Presbitero ◽  
Roberta Rabellotti ◽  
Marco Sanfilippo
Keyword(s):  
Developing Countries ◽  
Global Value Chains ◽  
Value Chains ◽  
Foreign Direct Investments ◽  
Local Sourcing

International trade: Research of the reasons for the fall

2019 ◽  
pp. 79-91 ◽  
Author(s):  
V. S. Nazarov ◽  
S. S. Lazaryan ◽  
I. V. Nikonov ◽  
A. I. Votinov
Keyword(s):  
Growth Rate ◽  
International Trade ◽  
Exchange Rate ◽  
Global Economy ◽  
Structural Changes ◽  
Global Value Chains ◽  
Value Chains ◽  
Negative Contribution ◽  
Basic Commodity ◽  
The Impact

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.

An Empirical Investigation Of Trade Diversion And Global Value Chains

2019 ◽  
Author(s):  
Francois de Soyres ◽  
Julien Maire ◽  
Guillaume Sublet
Keyword(s):  
Empirical Investigation ◽  
Trade Diversion ◽  
Global Value Chains ◽  
Value Chains

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

2017 ◽  
pp. 38-60 ◽  
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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