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RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

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Liburkina L. M.

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Network Modes of Global Economic Governance in Conditions of Neo-Integration: Mega-Regional Unions and Global Value Networks
Kobylianska A. V.

Kobylianska, Alla V. (2019) “Network Modes of Global Economic Governance in Conditions of Neo-Integration: Mega-Regional Unions and Global Value Networks.” Business Inform 11:54–60.
https://doi.org/10.32983/2222-4459-2019-11-54-60

Section: Globalization Processes in the Economy

Article is written in Ukrainian
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UDC 339.9.012.23

Abstract:
Global economic growth nowadays provides for the inalienable coexistence of different integration processes at micro- and mega-levels, which simultaneously take network forms, respectively representing the network mechanisms of global economic governance per se. The article is aimed at researching the holisticism of modern integration processes from the perspective of global value networks (GVN) and mega-integration as forms of neo-integration, as well as evaluating the relationship between the degree of inclusion of countries in GVN and an increase in the number of regional trade agreements (RTA) as proxy processes for neo-regional integration. Based on the work of a number of authors, plus a group of ОECD experts, the article analyzes the preconditions of neo-integration from the view of the emergence and functioning of GVN and mega-regional integration unions. The carried out analysis shows that the processes of neo-integration in the global economy at the micro- and mega-levels are congruent. For example, mega-regional integration, as well as the formation and distribution of global value networks, are interconnected phenomena, while the proliferation of GVN precedes mega-integration processes. The dynamics of China’s inclusion in the GVN is more in line with the development of integration processes in the global economy, which is reflected in the high level of correlation between the indicators researched. Further research should relate to the analysis of individual mega-regional unions and the related networks in order to study in more detail the general phenomenon of network neo-integration and its mega-regional characteristics.

Keywords: global economic governance, mega-regional integration, global value networks, neo-integration, clustering of global economy.

Fig.: 2. Tabl.: 4. Bibl.: 13.

Kobylianska Alla V. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Agrologistics and Supply Chains Management, Kharkiv P. Vasylenko National Technical University of Agriculture (44 Alchevskykh Str., Kharkiv, 61002, Ukraine)
Email: [email protected]

List of references in article

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