Global Value Chain, Foreign Trade and Foreign Direct Investment of the economy of Germany

Nimako Jennifer (2021) Global Value Chain, Foreign Trade and Foreign Direct Investment of the economy of Germany. Faculty of International Management and Business.

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Abstract

The global value chain (GVC) revolution began in the early 1990s which was characterized by unprecedented geographical separation of tasks and functions employed by business to provide complex products at competitive price (OECD, 2015). Through global value chain of economies, firms have increasingly been drawn onto international markets, rather more than national knowledge, resources and production factor base has allowed for specialization and realization of greater competitive economies of scale. GVCs have also opened opportunities for other nations which failed to see much industrialization to participate within the global markets economies without having to develop an entire product or value chain and to draw on foreign knowledge and learn by doing.However, GVCs also tend to be very competitive, versatile and are characterized by powerful government relationships as a means to develop capacity of workers and firms to participate in beneficial ways (OECD,2015). This however, indicates that the lead foreign multinational firm takes control and manages the production of the company and benefits from its results.Global Value Chain is an international production sharing phenomenon where production and trading activities are undertaken at various stages of task in several countries or economies around the globe. Global Value Chain operations are spread across borders of economies in complex industrial activities which range of steps namely; design, production, marketing, distribution and support to the ultimate consumer.  These steps in Global Value Chain are driven by Transnational Corporations industrial economies with forward and backwards participation linkages where one stage of production functions as an input into the production of another economy.

Institution

Budapest Business University

Kar

Faculty of International Management and Business

Department

Nemzetközi Gazdaságtan Tanszék

Tudományterület/tudományág

UNSPECIFIED

Szak

Nemzetközi Gazdaság és Gazdálkodás (angol)

Supervisors

Konzulens neve
Konzulens típusa
Assignment, Scientific qualification, Institution
Email
Dr. Tölgyessy Péterné Sass Magdolna Ildikó
Belső
egyetemi docens; Nemzetközi Gazdaságtan Tanszék; KKK

Item Type: Thesis (UNSPECIFIED)
Uncontrolled Keywords: economic value, economy, European Union, free trade, GDP
SWORD Depositor: Archive User
Depositing User: Archive User
Date Deposited: 2021. Sep. 23. 10:57
Last Modified: 2022. Oct. 14. 09:50

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