Unlocking Synergy: Are CESEE Countries Effectively Integrated into Global Value Chains?
Unlocking Synergy: Are CESEE Countries Effectively Integrated into Global Value Chains?

Author(s): Jasna Tonovska
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Global Value Chains; Exports; CESEE
Summary/Abstract: In an era of globalized economies, the integration into Global Value Chains (GVC) becomes very significant, as it not only shapes the trajectory of trade and economic development but also influences productivity growth, income convergence, and the overall competitiveness in the international markets. This paper examines the GVC dynamics in Central and South-Eastern Europe (CESEE) and the Baltic States. Findings reveal moderate GVC integration in the region, with a gradual decline in its share in gross exports. Sectoral and geographical structures vary among subgroups, emphasizing differences between CEE, Baltic, and SEE countries. Focusing on Macedonian trade, the study highlights increased integration and a shift towards higher forward linkages. Policy recommendations address shared obstacles, urging enhancement of non-price competitiveness and sector-specific strategies to boost innovation and collaboration. The proposed roadmap aims to guide CESEE policymakers in fostering GVC integration across diverse sectors.

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