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Russia In Global Value Chains
July 8, 2016 16:43


(Source: http://www.excesspolicy.com/loan-trading-strategies-on-the-secondary-market)

Russia is one of the seven participating countries of international trade integrated into the so-called global value chains (alongside with the US, China, Germany, France, Italy and the UK). This was written by the “Kommersant” newspaper on Thursday, July 7, with a reference to the data of the European Central Bank (ECB).

Global value chains (GVC) is a concept describing the transfer of the value in export and import transactions. The research of such operations allows us to show how much national economies are integrated into each other. The ECB experts analyzed the data on world trade for the years 1995-2011. It is noted that the role of Russia in the chains is significantly higher than of other BRICS countries (except China) and higher than those of the UK, France and Italy.

From the point of view of the global trading network, the United States, China and Germany are more important than Russia. The key country in foreign trade for Russia is Germany. The study says that Russia has its place in GVC is mainly due to the importance of commodity exports. Nevertheless, its integration into the world economy is much higher than for commodity exports from Brazil, South Africa and Australia. In terms of exports and imports of services Russia is on the same level as France and Sweden.

The centre of chains of trade in services in the world is occupied by the United States and Germany, a little less important role is played by China and the UK, a significant place is given to Belgium, Estonia, Finland and Malta.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

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