Транснациональный бизнес в эпоху глобальной цифровой революции
Contemporary research of different international organizations such as OECD, WTO and UNCTAD concentrate more on global value chains (GVCs) analysis. The article is devoted to reasons for rising fragmentation of production in the world economy and forms of participation in GVCs, which are chosen by countries. The article demonstrates theoretical framework for various forms of integration of countries into GVCs. Furthermore, the authors present retrospective and comparative analysis of several countries' economic development within GVCs.
Nowadays research of different international economic organizations concentrate more on global value chains (GVCs) analysis. Production processes of majority of goods are not limited to the production in a single country. Furthermore, involvement in different stages of production depends on the level of technological and innovative development of the country as well as on the availability of resources. Current article is devoted to the interdependence between fundamental changes in value chain model of goods and services and governments’ foreign economic regulation system. Besides, authors analyze reasons for rising fragmentation of production in the world economy and forms of participation in global value chains. The given article demonstrates assessment of prospects for national economies within GVCs based on case-study of such countries as Japan, Taiwan, South Korea and China.
In recent years more and more participants of the retail segment of the banking sector of Russia are launching platform-based value chains along with traditional linear value chains. As a result, business organizations are transforming into a complex system within which customers, banks and retail chains enter into business relations with each other as well as the platform itself, the owner of which is one of the participants of this interaction. A new kind of value exchange is the result of this which has become possible due to the existence of the platform. Platforms complement and compete with linear value chains in order to attract customers. In this article a comparison of these two types of value chains is presented using the example of purchasing goods by installments in Russia, their peculiar workings are also distinguished.
This article conducts a plant-level study of the factors affecting foreign direct investment (FDI) inflow to a large openning economy endowed with specific factor advantages. We conclude that the distribution of FDI in the Russian regions depends on market access and can be most notably by the knowledge-capital framework. Factor endowments built by natural resources are more successful in explaining the location decisions of export-platform affiliates. The impact of natural resources depends on how the availability of these resources is measured. The results reject the crowding-out effects of resource FDI and prove co-location mode, when service investments are attracted to resource-rich regions. Labour cost advantages better explain the preferences of non-trading service affiliates
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.