FEATURES OF THE FORMATION OF INTERNATIONAL PRODUCTION NETWORKS IN MODERN CONDITIONS

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.