Slovak Republic and global value chains
Slovak Republic and global value chains

Author(s): Oľga Nosáľová
Subject(s): Economy, Supranational / Global Economy, Business Economy / Management
Published by: ASERS Publishing
Keywords: Slovak Republic; export; import; domestic value added in exports; foreign added value in exports; intermediate; final product; global value chains; industry;
Summary/Abstract: The main objective of the chapter is to determine the position of the Slovak Republic in the world economy, to compare the export and import development in the of the Slovak Republic according to the gross (traditional) measures and the relatively new approach - value added in exports and imports, using the OECD trade in value added (TiVA) database. On the basis of the decomposition of gross exports and gross imports of the Slovak Republic for the period 1995-2011 to items according to the movement of domestic and foreign value added in total exports and import and export of intermediate products and final products. The chapter identifies participation of the Slovak Republic in global value chains, by sector and branches. The observed increasing differences in the bilateral foreign trade relations of the Slovak Republic in terms of value added, compared to the traditional results, point to the fact that the Slovak Republic is increasingly becoming part of simple and complex global value chains.

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