Development of Production of High Value Added Products as Factor of APEC Countries Competitiveness

In today's world, the contribution of science, innovation and technology is the determining factor of social and economic development. On of directions in innovative activity is the development of high-tech industries, which produces products with high value added. Orientation on high-tech products directly linked with the development of scientific and technical capacities that will enhance competitiveness and ensure sustainable economic growth for countries. In connection with fragmentation of production and vertical specialization, key element of the global economy is global value chains. The joint OECD – WTO Trade in Value-Added (TiVA) initiative addresses this issue by considering the value added by each country in the production of goods and services that are consumed worldwide. This initiative allows us to estimate the contribution of each country at each stage of the production process. Within the APEC framework, the active participation of economies in GVC’s is one of the key factor of sustainable growth. Using a systematic approach, the author analyzes the formation of regional cooperation in innovation sphere and prospects for industrial cooperation in the sphere of production of goods with higher share of value added in APEC.