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7

Section: Globalization Processes in the Economy
UDC 339.5:339.7
Cherkas N. I., Chekh M. M., Vasylytsia O. B.
The Economic Modernization in the Global Value Chains (p. 45 - 50)
The article is aimed at researching the essence, mechanisms for and ways of achieving modernization of the domestic economy provided integration into the global value chains. Features of mechanisms for achievement of technological updating of production in different countries are analyzed. Several types of economic modernization are generalized, in particular production processes, products, functional processes and the inter-sectoral level. The contemporary regularities of the value-added formation and the principles of transition to production with high added value are systematized. Features of influence of global value chains on internal economy through transmission mechanisms are demonstrated. The carried out analysis shows that the positive impact of integration into the global value chains on the internal economy depends on the absorption capacity of the national companies. It is determined that the achievement of economic modernization in the global value chains depends on the macroeconomic and institutional environment that determine the efficiency of both foreign direct investment and netization.
Keywords: economic modernization, value added, global value chains, technology transfer.
Fig.: 3. Bibl.: 15.

Cherkas Nataliia I. – Candidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Department of International Economics, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Chekh Myroslava M. – Candidate of Sciences (Economics), Associate Professor, Department of International Economic Relations, Lviv University of Trade and Economics (10 Tuhan-Baranovskoho Str., Lviv, 79005, Ukraine)
Email: [email protected]
Vasylytsia Oksana B. – Candidate of Sciences (Economics), Associate Professor, Department of Public Administration, Ukrainian Catholic University (17 I. Svientsitskyi Str., Lviv, 79011, Ukraine)
Email: о[email protected]

Reference to this article:
Cherkas, Nataliia I., Chekh, Myroslava M., and Vasylytsia, Oksana B. (2018) “The Economic Modernization in the Global Value Chains.” Business Inform 10:45–50.

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