The European System of Trading Cumulation and Global Value Chains
Journal Title: Бізнес Інформ - Year 2015, Vol 3, Issue 0
Abstract
The article is aimed to examine the genesis as well as clarify the characteristics and features of the phenomenon of trade cumulation in terms of preferential arrangements in the international trade on the example of the European Union. The article determines that modern processes of the international division of labor, specialization and cooperation among countries must be viewed through the prism of the existent set of competitive advantages of different nature. Also has been determined that one of the driving forces behind the global corporations are the coherent Rules of Origin (ROO) and Regional Preferential Arrangements (RTA), which are regulating the international trading cumulation on the basis of WTO norms. It has been emphasized that an important issue remains the building of global value chains in the regional and global aspects as well as evolution of the dichotomous nature of the phenomenon towards the so-called glocalization. The system of trading cumulation, which is established in the EU and the countries, associated on the basis of respective agreements, and which is nowadays coming into Ukraine, creates a new configuration space. Understanding and awareness of the new opportunities and threats in building the value chains that are created under the influence of the system of international trading cumulation, create new competitive advantages and increase competition in the relevant markets.
Authors and Affiliations
Sergiy Berenda
Keywords
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