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The Impact of Global Value Chains on National Economic Systems and Emerging Challenges for Russian Economic Policy
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The Impact of Global Value Chains on National Economic Systems and Emerging Challenges for Russian Economic Policy
Annotation
PII
S086904990011497-8-1
Publication type
Article
Status
Published
Authors
Nataliya Smorodinskaya 
Occupation: Head of Department
Affiliation: Institute of Economics RAS
Address: 32, Nakhimovskiy Prospekt, Moscow, 117218, Russian Federation
Daniel Katukov
Occupation: PhD student
Affiliation: Institute of Economics RAS
Address: 32, Nakhimovskiy Prospekt, Moscow, 117218, Russian Federation
Edition
Issue 4
Pages
27-33
Abstract

The article studies peculiarities of Russia’s participation in global value chains (GVCs) and assesses the capability of Russian economic policy to meet emerging challenges. The article includes two parts. In the first part we analyze features of Russia’s participation in GVCs. On the basis of this analysis we draw a conclusion that Russia participates in GVCs in a primitive manner being an exporter of raw materials and importer of industrial goods. We highlight that Russian archaic institutional environment remains the main factor impeding participation of Russian firms in GVCs. In the second part we illustrate main inconsistencies of Russian economic policy with the task of upgrading country’s GVCs participation profile. We point out that Russian authorities prefer to stimulate the formation of national value chains in manufacturing sector, which are solely oriented on the internal market.

Keywords
global value chains, fragmentation of production, economic policy, Russia
Received
13.09.2020
Date of publication
17.08.2017
Number of purchasers
4
Views
1234
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References

1. Cheng K., Rehman S., Seneviratne D., Zhang S. (2015) Reaping the Benefits from Global Value Chains. IMF Working Papers, WP/15/204.

2. NRU HSE (2014) Kommentarii o gosudarstve i biznese ¹ 77 [The Review of government and business No. 77], 23 August – 5 September.

3. Obolensky V.P. (2016) Vneshniaia torgovlia Rossii: barometr predskazyvaet buriu [Foreign trade of Russia: barometer foretells storm]. Mirovaya ekonomika i mejdunarodnye otnosheniya, no. 2, pp. 15–25.

4. OECD, WTO (2015) Trade in Value Added: Russian Federation.

5. Rossiiskaia promyshlennost na pereput‘e: Chto meshaet nashim firmam stat konkurentosposobnymi (2007) [Russian industry at the crossroads: What hinders our firms from becoming competitive]. Moscow: HSE Publishing.

6. Simachev Y. V., Kyzuk M., Kuznetsov B., Pogrebnyak E. (2014) Rossiia na puti k novoi tekhnologicheskoi promyshlennoi politike: sredi maniashchikh perspektiv i fatalnykh lovushek [Russia on the path towards a new technology industrial policy: exciting prospects and fatal traps]. Forsaut, no. 4, pp. 6–23.

7. Smorodinskaya N.V. (2015) Globalizirovannaia ekonomika: ot ierarhii k setevomu ucladu [Globalized economy: From hierarchies to a network order]. Moscow: Institut ekonomiki RAN.

8. Smorodinskaya N.V., Malygin V.E., Katukov D.D. (2017) Globalnye stoimostnye tcepochki: setevoe ustroistvo i spetcifika uchastiia natcionalnykh ekonomik [The network structure of global value chains and specificity of countries’ participation in them]. Obshchestvennye nauki i sovremennost, no. 3, pp. 55–68.

9. Smorodinskaya N. V., Malygin V. E., Katukov D. D. (2015) Kak ukrepit konkurentosposobnost’ v usloviiakh globalnykh vyzovov: clasternyi podhod [How to upgrade competitiveness under the global challenges: the cluster approach]. Moscow: Institut ekonomiki RAN.

10. WEF (2014) The Global Competitiveness Report 2014–2015, Geneva: World Economic Forum.

11. WTO (2016) Trade in Value Added and Global Value Chains: Russian Federation.

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