Services in Global Value Chains – Emerging Markets’ Perspective

• Authors: Kuźnar, Andżelika , Chilimoniuk-Przeździecka, Eliza

Abstracts

EN

The sourcing of services to manufacturing processes has recently become an important aspect of the global value chain concept since services have increasingly been embodied in manufactured products. Despite the ever-closer links between the two sectors, unbundling of many processes and sourcing them from overseas providers due to the cost reduction is vital for many firms in order to compete successfully in the global market. In this paper, we explain the nature and size of services contribution to global value chains and identify the most important market players. We argue that the increasing importance of services in manufacturing processes resulted in a widespread global sourcing of business services, especially innovation, which is essential for any business. It leads us to the conclusion that there are emerging economies raising and enhancing their position as service vendors next to the former (western) technology giants. JEL codes: F12, F23, 031

Keywords

EN

value added; global value chains; emerging economies; services; offshoring

• Publisher: Szkoła Główna Handlowa w Warszawie. Kolegium Zarządzania i Finansów
• Journal: Journal of Management and Financial Sciences
• Year: 2016
• Volume: 26(4)
• Pages: 63-77

Contributors

author

Kuźnar, Andżelika

author

Chilimoniuk-Przeździecka, Eliza