REVIEW OF VALUE CHAIN CONCEPTS

Abstract

A feature of the modern global economy is the fragmentation of technological processes into component stages with the location of production facilities and auxiliary operations responsible for their implementation in different countries. This is reflected in the growth in the share of supplies of products of intermediate technological stages and semi-finished products in exports and imports, while the supply of finished products is decreasing. The organizational formats of such relations are both intra-company integration interactions of multinational enterprises and international cooperation of independent partners. In the literature, this phenomenon has been called “global value chains” (GVCs).