Degree
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PhD in Economics, National Research University Higher School of Economics (HSE) |
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E-mail
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ykukushkina@hse.ru |
Location
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Moscow |
Articles
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Global value chains and corporate interests of multinational corporationschains (GVC), which means a situation when the final good at each stage of production is produced
in different regions of the World. This trend mainly can be attributed to separate production units
within Multinational Corporations (MNCs) rather than to different countries. Generally, there is a positive
correlation between the share of inward foreign direct investments (FDI) in GDP of a specific
country and the level of its participation in GVCs and its internal value added in the export: the higher
the former, the bigger is latter. So it is becoming more and more important for individual economies
to integrate into existing GVCs. The author outlines positive and negative effects of countries’ participation
in GVCs, which are created and controlled by foreign MNCs. Additionally, the article explains
the mechanism of MNCs’ impact on GVC development. Today we can see that a new trend of the
international trade is the growing role of MNCs from emerging countries like China and India. So the
main conclusion is that in order to benefit from participation in GVC countries need to stimulate the
creation and growth of their own multinationals.
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