IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxivy2021ispecial2-part1p547-560.html
   My bibliography  Save this article

Central and Eastern Europe Countries in the New International Trade Environment at the Beginning of the 21st Century: Global Value Chains and COVID-19

Author

Listed:
  • Aleksandra Nacewska-Twardowska

Abstract

Purpose: The paper aims to compare CEECs economies in the context of the 2000s in international trade concerning global value chains and assess their ability to respond to rapid global economic changes. Methodology: For this purpose, I propose a two-stage study. The first focuses on analyzing selected indexes describing countries' shares and positions in global value chains (GVC). The second stage is related to the analysis of the latest economic data and CEECs reaction to the changes in international trade in 2020 in GVC. The study uses data from the OECD and WTO Trade in Value Added Database and Eurostat Database. Findings: The dynamics of changes taking place in the global economy in 2020 were significant and profound. The effects of the pandemic were noticeable in all countries of the world. The economic slowdown was global, but individual economies were susceptible to the changes to a different degree. The ability to adapt to rapidly changing conditions has allowed CEECs economies to adjust without delay. Practical Implications: Strong trade ties under new international trade conditions within global value chains positively impact CEECs trade, which recorded moderate international trade growth in 2020 and the first quarter of 2021. Originality/Value: The article examines the latest trends in CEECs using indexes describing the share and position of countries in GVC.

Suggested Citation

  • Aleksandra Nacewska-Twardowska, 2021. "Central and Eastern Europe Countries in the New International Trade Environment at the Beginning of the 21st Century: Global Value Chains and COVID-19," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 547-560.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:special2-part1:p:547-560
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/2511/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mr. Kevin C Cheng & Sidra Rehman & Dulani Seneviratne & Shiny Zhang, 2015. "Reaping the Benefits from Global Value Chains," IMF Working Papers 2015/204, International Monetary Fund.
    2. Pol Antràs, 2019. "Conceptual Aspects of Global Value Chains," NBER Working Papers 26539, National Bureau of Economic Research, Inc.
    3. Gary Gereffi, 2014. "Global value chains in a post-Washington Consensus world," Review of International Political Economy, Taylor & Francis Journals, vol. 21(1), pages 9-37, February.
    4. Ana Margarida Fernandes & Hiau Looi Kee & Deborah Winkler, 2022. "Determinants of Global Value Chain Participation: Cross-Country Evidence," The World Bank Economic Review, World Bank, vol. 36(2), pages 329-360.
    5. Ewa Cieślik & Jadwiga Biegańska & Stefania Środa-Murawska, 2016. "The Intensification of Foreign Trade in Post-Socialist Countries and Their Role in Global Value Chains," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 66(3), pages 465-487, September.
    6. Jan Hagemejer & Jakub Mućk, 2018. "Unraveling the economic performance of the CEEC countries. The role of exports and global value chains," NBP Working Papers 283, Narodowy Bank Polski.
    7. Halit Yanikkaya & Abdullah Altun, 2020. "The Impact of Global Value Chain Participation on Sectoral Growth and Productivity," Sustainability, MDPI, vol. 12(12), pages 1-19, June.
    8. Hummels, David & Ishii, Jun & Yi, Kei-Mu, 2001. "The nature and growth of vertical specialization in world trade," Journal of International Economics, Elsevier, vol. 54(1), pages 75-96, June.
    9. Dagmara Nikulin & Sabina Szymczak, 2020. "Effect of the integration into Global Value Chains on the employment contract in Central and Eastern European countries," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 15(2), pages 275-294, June.
    10. C. T. Vidya & K. P. Prabheesh, 2020. "Implications of COVID-19 Pandemic on the Global Trade Networks," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(10), pages 2408-2421, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ers:journl:v:xxiv:y:2021:i:special3:p:547-560 is not listed on IDEAS
    2. Amat Adarov & Robert Stehrer, 2021. "Implications of foreign direct investment, capital formation and its structure for global value chains," The World Economy, Wiley Blackwell, vol. 44(11), pages 3246-3299, November.
    3. Ewa Cieślik, 2019. "Looking for the sectoral interdependence: evidence from the Visegrad countries and China," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(4), pages 2041-2062, July.
    4. Gopalan, Sasidaran & Reddy, Ketan & Sasidharan, Subash, 2022. "Does digitalization spur global value chain participation? Firm-level evidence from emerging markets," Information Economics and Policy, Elsevier, vol. 59(C).
    5. Stefan Pahl & Marcel P. Timmer, 2020. "Do Global Value Chains Enhance Economic Upgrading? A Long View," Journal of Development Studies, Taylor & Francis Journals, vol. 56(9), pages 1683-1705, July.
    6. Zdráhal, Ivo, 2024. "The Revealed Comparative Advantage of Agri-Food Industries in Selected Countries in the Central and Eastern Europe: Gross-Versus Value-Added Trade Flows," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 16(2), June.
    7. João Amador & Sónia Cabral, 2017. "Networks of Value-added Trade," The World Economy, Wiley Blackwell, vol. 40(7), pages 1291-1313, July.
    8. Abdulkareem Alhassan & Joshua Dzankar Zoaka & Salim Hamza Ringim, 2021. "Africa as headwaiter at the dining table of global value chains: Do institutions matter for her participation?," African Development Review, African Development Bank, vol. 33(3), pages 560-576, September.
    9. repec:hal:cepnwp:hal-01368948 is not listed on IDEAS
    10. Kim, Dongin & Steinbach, Sandro & Zurita, Carlos, 2024. "Deep trade agreements and agri-food global value chain integration," Food Policy, Elsevier, vol. 127(C).
    11. Magdalena Olczyk & Marjan Petreski, 2024. "From Global Value Chains to Local Jobs: Exploring FDI-induced Job Creation in EU-27," Papers 2410.04160, arXiv.org.
    12. Chen, Lin & Tan, Jingrong, 2024. "Does the COVID-19 pandemic exacerbate the disincentive effect of trade tariffs on global value chains (GVCs) embeddedness?," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 404-420.
    13. Bruno Carballa Smichowski & Cédric Durand & Steven Knauss, 2016. "Uneven development patterns in global value chains," Working Papers hal-01368948, HAL.
    14. Biswajit Banerjee & Juraj Zeman, 2022. "Determinants of global value chain participation: cross-country analysis," Indian Economic Review, Springer, vol. 57(1), pages 59-95, June.
    15. Raphael Lafrogne-Joussier & Julien Martin & Isabelle Mejean, 2023. "Supply Shocks in Supply Chains: Evidence from the Early Lockdown in China," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(1), pages 170-215, March.
    16. Tsakanikas, Aggelos & Caloghirou, Yannis & Dimas, Petros & Stamopoulos, Dimitrios, 2022. "Intangibles, innovation, and sector specialization in global value chains: A case study on the EU's and the UK's manufacturing industries," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
    17. Lorenzo Cresti & Maria Enrica Virgillito, 2023. "Weak sectors and weak ties? Labour dependence and asymmetric positioning in GVCs," LEM Papers Series 2023/10, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    18. Bo Meng & Ming Ye & Shang‐Jin Wei, 2020. "Measuring Smile Curves in Global Value Chains," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(5), pages 988-1016, October.
    19. Bataka, Hodabalo, 2024. "Global value chains participation and gender inequalities in Sub-Saharan Africa: Importance of women education," International Economics, Elsevier, vol. 178(C).
    20. Li, Yabo & Zhao, Yan & Yao, Xuemei, 2024. "Does the Belt and Road Initiative upgrade the global value chain for BRI Countries：Revealing the substantial role of infrastructure," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 832-842.
    21. Cédric Durand & David Flacher & Vincent Frigant, 2018. "Étudier les chaînes globales de valeur comme une forme d’organisation industrielle," Revue d'économie industrielle, De Boeck Université, vol. 0(3), pages 13-34.
    22. Cecilia Jona Lasinio & Stefano Manzocchi & Valentina Meliciani, 2017. "Knowledge Based Capital and Value Creation in Global Supply Chains," Working Papers LuissLab 17134, Dipartimento di Economia e Finanza, LUISS Guido Carli.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F6 - International Economics - - Economic Impacts of Globalization

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxiv:y:2021:i:special2-part1:p:547-560. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.