Development of global value chains
Development of global value chains

Author(s): Oľga Nosáľová
Subject(s): Economy, Business Economy / Management
Published by: ASERS Publishing
Keywords: vertical division of labor; fragmentation of production; commodity chains; global value chains; networks; added value in exports;
Summary/Abstract: The main objective of the chapter is to present the basis and development of global value chain and the reflection of this issue in publications in the literature from the time when commodity chains began to change the nature of relations between suppliers and buyers from different countries till present. It explains how and why the fragmentation of production has contributed to the strong interconnectedness of the countries and how different authors and institutions responded to this development. Their approaches and characteristics are summed up according to stages and commodity chain (CC), global commodity chain (GCC) and global value chain (GVC) theories.

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