Pregledni rad
ASCENDING THE GLOBAL VALUE CHAINS – SIGNIFICANCE FOR THE THRIVE AND COMPETITIVENESS OF ECONOMY
Vlatka Bilas
orcid.org/0000-0002-9021-6651
; Ekonomski fakultet Sveučilišta u Zagrebu, Zagreb, Hrvatska
Mile Bošnjak
orcid.org/0000-0002-7663-198X
; Ekonomski fakultet Sveučilišta u Zagrebu, Zagreb, Hrvatska
Ivan Novak
orcid.org/0000-0003-1473-7049
; Ekonomski fakultet Sveučilišta u Zagrebu, Zagreb, Hrvatska
Sažetak
The aim of this paper is to exemplify the most important characteristics of globalization as a catalyst for new phenomena, as well as determinative factors, effects and signifi cance of consequently
developed global value chains. Extensive research of theoretical background and practical aspects of global value chains was undertaken, as well as a comparative analysis of available literature,
technical and scientifi c papers and other relevant resources. This methodology yielded very important results for a comprehensive understanding of global value chains. The results provide insight
into functioning models, management principles, distinctiveness and success factors of global value chains. Furthermore, a comparative analysis of Europe’s and Cina’s global value chains ascension was made with the aim of establishing similarities and distinctions crucial for the success of two developed countries with signifi cant cultural and political diff erences. The analysis indicated a signifi cant diff erence in fostering global value chains, with an important emphasis on an array of polictical and strategic incentives of Europe, in comparison with tariff and foreign direct investment liberalization of China. Lastly, the results of Croatia’s participation in global value chains were discovered, as well as the strategic framework that contributed to achieving those results. Strategic framework and results in the context of global value chains Croatia mainly owes to European union’s open market and numerous strategic incentives. Global value chains and production fragmentation
undeniebly provide new possibilities and potential for growth and development, and are therefore crucial for prosperity and competitiveness of economy
Ključne riječi
global value chains; globalization; success factors; strategic framework.
Hrčak ID:
223013
URI
Datum izdavanja:
18.7.2019.
Posjeta: 1.879 *