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The Role of National Clusters in the Development of Global Value Chains

The Role of National Clusters in the Development of Global Value Chains

Journal of Economic Regulation, , Vol. 7 (no. 2),

In modern economic literature there are many publications concerning innovative development of clusters and global value chains (GVCs). But still the interaction between these two structures is not studied completely. What are the main features and mechanisms of their interaction? Can clusters stimulate companies’ involvement in GVCs? Do they facilitate competition between participating companies and countries? These are just a few of those issues that are covered in the article. The efficiency of incorporation to GVCs depends both on the type of embedded cluster, and the management of particular links within the chain. In order to explain the cooperation between companies, the institutional approach is used, paying much attention to the issues of moral risks in the context of multiply goals, the effect of gauge, and the development of long-term relational contracts among agents. Thus, the recommendations concerning the role of clusters and GVCs for the raise of competitiveness of countries are provided with regard to the integrated research of global suppliers and customers’ motives.

Keywords: industrial clusters; global value chains; supply chain; relational contracts; competitiveness.

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Publisher: Ltd. "Humanitarian perspectives"
Founder: Ltd. "Humanitarian perspectives"
Online ISSN: 2412-6047
ISSN: 2078-5429