MNE’s THEORY AND GLOBAL VALUE CHAINS
DOI:
https://doi.org/10.17721/apmv.2018.138.0.153-162Abstract
This article analyzes a multinational enterprise (MNE) theories from the first pioneering papers of S. Hymer and the modern approaches to studying these institutions. A special focus is placed on the one of the research schools that studied the fragmentation of international production and the global value chain (GVCs) creation. In this context, various theoretical approaches to the study of modern global MNE networks are considered, the theory of trade in tasks and the macroeconomic approach to the evaluation of fragmentation effects.
The paper argues that the concepts of MNEs international production and GVCs are interlinked, although not equal. Sometimes they are used as synonyms, but they characterize the contemporary process of internationalization from different perspectives. It shows the various types of organization of global value chains, such as the horizontal and vertical integration of production. Within such networking systems of multinational enterprises there are complex hierarchical relationships between individual participants and links. Technological slicing of production into separate fragments requires MNE to use not only own equity- controlled affiliates, but also the offshore production of partner firms.
References
Buckley P. J. Internalization Thinking: From the Multinational Enterprise to the Global Factory / P. J. Buckley // International Business Review. – June, 2009. – Vol. 18. – № 3. – P. 224 – 235.
Grossman G. Trading Tasks: A Simple Theory of Offshoring / G. Grossman, E. Rossi-Hansberg // American Economic Review. – 2008. – Vol. 98. –№5. – P. 1978 – 1997.
Hymer S. The International Operations of National Firms: A Study of Direct Investment / S. Hymer. – MIT Press, 1976. – 253 p.
Vernon R. International Investment and International Trade in Product Cycle / R. Vernon // Quarterly Journal of Economics. – 1966. – Vol. 80.– № 2 – P. 190–207.
Vernon R. The Product Cycle Hypothesis in a New International Environment / R. Vernon // Oxford Bulletin of Economics and Statistics. – 1979. – Vol. 41. –№ 4. – P. 255–267.
Buckley P. The Future of Multinational Enterprise / P. Buckley, M.Casson. – London: Macmillan, 1976. – P. 32–66.
Caves R. Multinational Enterprise and Economic Analysis / R. Caves. – Cambridge University Press. – 1996. – 270 p.
Kojima K. Direct Foreign Investment: A Japanese Model of Multinational Business Operation / K. Kojima. – Bechenchem. – 1978. – 265 p.
Aliber R.Z. A Theory of Foreign Direct Investment, / Aliber R.Z // in: The International Corporation, edited by Charles P.Kindleberger. – Cambrige, Mass. MIT Press, 1970.
Dunning J. The Theory of International Production / J. Dunning // International Trade Journal. – 1988. – № 3. – P.19.
Dunning J. The Explaining International Production, London,1988.
Bartlett Ch., Ghoshal S. Managing across borders: The transnational solution / Ch. Bartlett, S. Ghoshal. – Boston, MA: Harvard Business School Press, 1989. – 328 p.
Andersson U., Forsgren M., Holm U. Balancing subsidiary influence in the federative MNC: a business network view / U. Andersson, M.Forsgren, U.Holm // Journal of International Business Studies. – 2007. –Vol. 38. – № 5. – P. 802–818
Kogut B. Knowledge of the Firm and the Evolutionary Theory of the Multinational Corporation / B.Kogut, U. Zander // Journal of International Business Studies . – 1993. –Vol. 24. – P. 625–646
Gupta A. Knowledge Flows and the Structure of Control within Multinational Corporations, / A. Gupta and Vijay Govindarajan // Academy of Management Review. – 1991. –Vol. 16. – P. 768–792.
Foss N., Pedersen T. Organizing knowledge processes in the multinational corporation: an introduction // Journal of International Business Studies. – 2004. – Vol. 35. – P. 340–349.
Andersson U., Forsgren M. and Holm U. Balancing subsidiary influence in the federative MNC: a business network view // Journal of International Business Studies. - 2007. - Vol. 38. -№ 5.- P. 802-818.
Antr s P. Offshoring in a knowledge economy / P. Antr s, L. Garicano, E. Rossi-Hansberg // Quarterly Journal of Economics. – 2006. – Vol. 121. – № 1. – P. 31 – 77;
Kohler W. Aspects of International Fragmentation / W. Kohler // Review of International Economics. – 2004. – № 12. – P. 793 – 816;
Baldwin R. Offshoring: General equilibrium effects on wages, production and trade / R. Baldwin, F. Robert-Nicoud // NBER Working Paper 12991. – 2007. – 24 p.
Sturgeon T. Measuring Global Value Chains: Intermediate Goods Trade and Structural Change in the World Economy / T. Sturgeon, O. Memedovic // UNIDO Working Paper. – Vienna, 2010. – 31 p.
De Backer K. Mapping Global Value Chains / Causes and Consequences of Globalization: Final WIOD Conference / K. De Backer, S. Miroudot // Working paper. – Groningen, 2012. – 19 p. [Електронний ресурс]. – Режим доступу: http://www.wiod.org/conferences/groningen/Paper_DeBacker_Miroudot.pdf 23. Banga R. Measuring Value in Global Value Chains. / R.Banga // UNCTAD Working Papers. – Vienna, 2013, – No 8. –34 p.
Gereffi G. Global Value Chain Analysis: A Primer / G.Gereffi, K.Fernandez-Stark K. // Durham: Center on Globalization, Governance & Competitiveness, Duke University, – 2011, – 40 p.
