Russian Industry in Global Value-Added Chains

V.Yu. Chernova, Z.G. Golodova, E.A. Degtereva, A.M. Zobov, V.S. Starostin
European Research Studies Journal, Volume XXI, Issue 3, 165-178, 2018
EOI: 10.11214/thalassinos.21.03.012

Abstract:

The paper analyzes Russia's participation in global value-added chains in the context of global trends in their development and the challenges facing the Russian economy in modernizing its industry. The analysis is based on the OECD's TiVA indicators. The results indicate that the extent of Russia's involvement in GVACs is very significant, but the nature of this participation is purely raw. The specificity of the participation of the Russian Federation in the international fragmentation of production within GVACs is that most of the links in value chains are bottom-up. Russia is extremely limited in using imported flows to create export products with high added value. The study confirms that in the international division of labor, Russia retains a historically established specialization, with predominance in the export of mineral and agricultural raw materials, which determines the current profile of Russia's participation in global value-added chains.


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