Abstract
In this paper we provide an overview of the origins and development of the global value chain (GVC) concept and group extant research in the eld according to different aspects of the GVC analysis in order to identify promising areas for further research. Institutional dimension of the GVC analysis is emphasized in terms of the specifics cs of emerging-market multinational enterprises (EMNEs). Based on a detailed review and systematization of the extant research in the eld two main areas for further research are identified. Firstly, the influence of institutional distance between different countries taking part in GVCs on GVC configuration parameters (governance type, geographical distribution of GVC operations and GVC upgrading type) and secondly, the role of various contracting methods (outsourcing, o shoring, franchizing, etc., as opposed to traditional foreign direct investment) in the configuration and improvement of GVC operations. us institutional and geographical aspects of the GVC analysis as well as upgrading in GVCs in the context of EMNEs are identified to be the most promising areas for future research in the field сconcerning the development of network of global corporate control.
Highlights
Ключові слова: глобальні вартісні ланцюги, глобальні виробничі ланцюги, багатонаціональні компанії з країн з ринками, що розвиваються, інституційного ний аспект аналізу глобальних ланцюжків цінності, глобальні корпоративні мережі
We can conclude that global production networks are one of the important factors in the innovative transformation of countries and regions
They are the channel on which the transfer of global knowledge and technical know-how to regional structures
Summary
We can conclude that global production networks are one of the important factors in the innovative transformation of countries and regions. They are the channel on which the transfer of global knowledge and technical know-how to regional structures. Communication, logistics networks of companies dense ring embraced the whole world Their configuration is a consequence of the financial investments of companies abroad, their management, the activity of states in marketing their regions. The geographical scope of firms’ activities should be studied to analyze the GVC characteristics within GPS Firms should disperse their activities globally and choose the best locations for them to obtain a competitive advantage.Configuring a global value chain may imply managing heterogeneous languages, cultures, regulations, etc. Innovation activity at the same time is becoming global, stopping being a monopoly of industrially developed countries, which is relevant for developing countries and countries with economies in transition, who see innovative development of the bases for longterm, stable economic growth, modernization of the economy, overcoming technological lag from industrially developed countries
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