Year of Graduation
The Features of Emerging Countries' Insertion into Global Value Chains (the Case of Global Pharmaceutical Industry)
The study is devoted to the features of pharmerging markets (South Korea, Mexico, China, India and Russia) insertion into global value chains within the pharmaceutical industry. In addition, we highlight various institutional aspects affecting countries' performance in global value chains. To achieve the preset goals we examine several theoretical approaches to the assessment of developed and developing countries’ participation in global value chains. Then, we develop an original methodology to extract value added from the detailed decomposition of bilateral trade flows. Based on the data obtained, the production network of the global pharmaceutical industry is constructed. Next, we identify most influential agents within the network (centrality measures, especially betweenness centrality) and empirically test the hypothesis regarding the degree of value chains’ dispersion across the globe (modularity ranks). Results of the study are of high practical applicability and can be used by competent state bodies as well as strategy and planning departments of interested companies.