Authors
Zuev V.
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Degree
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Dr of Economics, Professor, Trade Policy Institute of the National Research University «Higher School of Economics» |
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E-mail
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vzuev@hse.ru |
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Location
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Moscow |
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Articles
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Inclusion of national economies in global value chains: changing frameworks of external economic relationsNowadays researches of different international economic organizations, such as the OECD, WTO and UNCTAD, concentrate more on global value chains (GVCs) analysis. Production processes of majority of goods are not limited to the production in a single country. Furthermore, involvement in different stages of production depends on the level of technological and innovative development of the country as well as on the availability of resources. Current article is devoted to the interdependence between fundamental changes in value chain model of goods and services and governments’ foreign economic regulation system. Besides, authors analyze reasons for rising fragmentation of production in the world economy and forms of participation in global value chains, which are chosen by countries. The given article demonstrates theoretical framework for various forms of integration of countries into global value chains as well as assessment of prospects for national economies within GVCs based on case-study of such countries as Japan, Taiwan, South Korea and China. Furthermore, the author presents retrospec- tive and comparative analysis of several countries’ economic development within global value chains.
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Formation and development of FTA network: South Korean caseThe article focuses on formation and evolution of South Korean Free Trade Agreements (FTA)
network. Republic of Korea’s case is an interesting example of the export-led economic growth that
was spurred by trade liberalization process. The authors use the methods of regression and network
analysis to reveal the specificity in South Korean approach setting up links with distant and bigger
economies than South Korea, instead of integration with similar and geographically close countries.
Also, the authors identified 4 periods in S. Korean trade policy and analyzed them in terms of trade
partners. The classification revealed the South Korean trade partners preferences at the different
periods of time. Finally, the authors examined the evolution of Korean FTA network that enabled
forecasting further clusterization and the likely network increase by 30 percent. Moreover, based on
these observations the authors draw a conclusion about a cross-zone network phenomenon when
country A uses the existing free trade zone of the country B to get access to the markets of FTA
partners of the country B.
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