ROMANIA AND ITS POSITION ON GLOBAL VALUE CHAIN AN INTRODUCTIVE ANALYSIS

SERBANEL Cristiana Ioana, University of Economic Studies, Bucharest, Romania

COJANU Valentin, University of Economic Studies, Bucharest, Romania

Abstract:
Global value chains (GVCs) loomed as a paradigm for the international scheme of production process. For a large share of goods and services organization of production is nowadays vertically fragmented across different countries. This article offers a vision of Romania’s position on GVCs by answering to the following questions: Where do Romanian exports go? and Which are the countries the mostly generate income for Romania through intermediate use of Romanian exports. The present paper highlights Romania and its place on global value chain.

Keywords: global value chains; international trade; vertical specialization; Romania;

JEL Classification: F1, F14, F23

Volume: 68, Issue: 1

Pages: 193 - 207

Publication date: June, 2016

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/68113serbanel&cojanu.pdf

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