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The Impact of Global Value Chains on National Economic Systems and Emerging Challenges for Russian Economic Policy
 
PIIS086904990011497-8-1
Publication type Article
Status Published
Authors
Nataliya Smorodinskaya 
Occupation: Head of Department
Affiliation: Institute of Economics RAS
Address: 32, Nakhimovskiy Prospekt, Moscow, 117218, Russian Federation
Daniel Katukov
Occupation: PhD student
Affiliation: Institute of Economics RAS
Address: 32, Nakhimovskiy Prospekt, Moscow, 117218, Russian Federation
Journal nameObshchestvennye nauki i sovremennost
EditionIssue 4
Pages27-33
Abstract

The article studies peculiarities of Russia’s participation in global value chains (GVCs) and assesses the capability of Russian economic policy to meet emerging challenges. The article includes two parts. In the first part we analyze features of Russia’s participation in GVCs. On the basis of this analysis we draw a conclusion that Russia participates in GVCs in a primitive manner being an exporter of raw materials and importer of industrial goods. We highlight that Russian archaic institutional environment remains the main factor impeding participation of Russian firms in GVCs. In the second part we illustrate main inconsistencies of Russian economic policy with the task of upgrading country’s GVCs participation profile. We point out that Russian authorities prefer to stimulate the formation of national value chains in manufacturing sector, which are solely oriented on the internal market.

Keywordsglobal value chains, fragmentation of production, economic policy, Russia
Received13.09.2020
Publication date17.08.2017
Number of characters860
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