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Analysis of the Effectiveness of Countries' Participation in Global Value Chains

Author

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  • Olga Dmitrievna Kolb

    (Belarusian State Economic University, Belarus)

Abstract

Based on a system of indicators for assessing value added in exports, intermediate and final demand, an analysis was made of the effectiveness of the participation of the world's leading economies, including the United States, China, Germany, Russia, the Republic of Korea, Japan in global value chains, the role and place of these economies in the system of international division were determined. labor. The change in the degree of integration of countries' economies into global value chains was estimated based on the calculation of the average annual growth rates of indicators of countries' participation in global value chains using the data contained in the TiVA - Trade in Value Added international trade accounting system. Such an assessment makes it possible to identify trends in the change in the involvement of countries in global production systems and creates the prerequisites for the formation of a national foreign trade policy in the context of the economies of the trading partner countries that meets both domestic and foreign interests.

Suggested Citation

  • Olga Dmitrievna Kolb, 2023. "Analysis of the Effectiveness of Countries' Participation in Global Value Chains," European Journal of Humanities and Social Sciences, European Open Science, vol. 3(1), pages 11-15, January.
    • Handle: RePEc:epw:social:v:3:y:2023:i:1:id:18356
    DOI: 10.24018/ejsocial.2023.3.1.356
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