FOREIGN TRADE POLICY FOR INTEGRATION INTO GLOBAL VALUE CHAINS

##plugins.themes.bootstrap3.article.main##

##plugins.themes.bootstrap3.article.sidebar##

Published: Jul 31, 2019

  Igor Guzhva

  Petro Nebotov

  Yevhen Ivanov

Abstract

The purpose of the article is to define and argue the key criteria and directions of foreign trade policy, which become crucial in conditions of country’s integration into global value chains, as well as to reveal the impact of major regulatory barriers to trade that prevent Ukraine’s integration into global value chains. The subject-matter of the study is the peculiarities of foreign trade regulation under global value chains expansion. Methodology. The methodological principles of research involve the joint application of a set of well-known common scientific methods, as well as special research methods in economics, such as the method of system and structural analysis to generalize spheres, directions, and tools of GVC-friendly trade regulation. Results. The essence of global value chains as a modern concept for international trade analysis is revealed. New approaches to trade and economic policy aimed at improving the country’s participation in global value chains are analysed. Key spheres, in which bottlenecks for global value chains usually occur, are investigated. The growing importance of liberalization of trade in services in order to integrate into GVC successfully is stressed. Main barriers that prevent the Ukrainian economy from effective integration into GVC are outlined. Basic shortcomings in Ukraine’s export control system that constrain the expansion of the country’s exports of dual-use goods and technologies are outlined. Practical implications. The article contains a comprehensive set of tools and regulations to revise approaches, directions, and efficiency criteria of governmental foreign trade policy according to global value chains concept. Value/originality. Identified requirements for foreign trade policy allowed investigating the effectiveness and perspectives of Ukraine’s trade and investment regime from a GVC point of view.

How to Cite

Guzhva, I., Nebotov, P., & Ivanov, Y. (2019). FOREIGN TRADE POLICY FOR INTEGRATION INTO GLOBAL VALUE CHAINS. Baltic Journal of Economic Studies, 5(2), 24-29. https://doi.org/10.30525/2256-0742/2019-5-2-24-29
Article views: 665 | PDF Downloads: 753

##plugins.themes.bootstrap3.article.details##

Keywords

government regulation, global value chains, market access, trade facilitation, trade infrastructure, barriers to trade, export control

References

Arvis, J.-F. (2014). Connecting to Compete 2014: Trade Logistics in the Global Economy. Washington: World Bank.

Barrientos, S. (2010). Economic and Social Upgrading in Global Production Networks: Developing a Framework for Analysis. Retrieved from: http://www.capturingthegains.org/pdf/ctg-wp-2010-03.pdf

Cattaneo, O. (2010). Global Value Chains in a Postcrisis World: A Development Perspective. Washington: The World Bank.

Frederick, S. (2010). The Global Apparel Value Chain, Trade and the Crisis: Challenges and Opportunities for Developing Countries. Washington: The World Bank.

Gereffi, G. (2010). The Offshore Services Industry: A Global Value Chain Approach. Durham: Center on Globalization, Governance & Competitiveness.

Hummels, D. (2012). Time as a Trade Barrier. Washington: NBER Working Paper.

Nicita, A. (2013). Global Supply Chains: Trade and Economic Policies for Developing Countries. Geneva: UNCTAD.

Osadcha, N. V. (2009). Systemic representation of the regulatory customs regime under conditions of foreign economic activity globalization. Bulletin of Economic Science of Ukraine, 1, 134–146. (in Ukrainian)

Ostashko, T. O. (2011). Special WTO measures to protect agricultural food markets. Kyiv: Institute of economy and forecasting. (in Ukrainian)

Koval, V., Slobodianiuk, O., Yankovyi, V. (2018). Production forecasting and evaluation of investments using Allen two-factor production function. Baltic Journal of Economic Studies, 4(1), 219–226. doi: 10.30525/2256-0742/2018-4-1-219-226

Park, A. (2013). Supply Chain Perspectives and Issues: A Literature Review. Geneva: WTO Publications.

Paskhaver, O. (2014). Repair the country. Information-analytical weekly "Dzerkalo Tyzhnya. Ukraine", 7, 1–5.

Sirko, A. V. (2014). Economic theory. Political economy. Kyiv: Center for educational literature. (in Ukrainian)

Shcherbata, N. Z. (2011). Foreign Economic Policy of the European Union in free trade areas. Lutsk: Volyn National Institute. (in Ukrainian)

Shwab, K. (2015). The Global Competitiveness Report 2015–2016. Geneva: WEF.

Transparency International (2015). Corruption Perception Index. Retrieved from: http://www.transparency.org/country#UKR

Vladimirov, T. O. (2011). Conceptual framework for the development of the export control system of Ukraine. Scientific Herald of the Academy of Municipal Management, 4, 207–213.

UNCTAD (2014). Trade and Development Report, 2014: Global Governance and Policy Space for Development. Geneva: UNCTAD.

World Bank (2014). Doing Business 2015: Going beyond Efficiency. Washington: World Bank Group.

World Economic Forum (2012). The Shifting Geography of Global Value Chains: Implications for Developing Countries and Trade Policy Geneva: WEF, 2012.

World Economic Forum (2015). Enabling Trade: Increasing the Potential of Trade Reforms. Geneva: WEF.