Visegrad countries in global production networks: Value creation, control and capture

Vlčková, Jana

doi:0016-7282 (print)

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Title: Visegrad countries in global production networks: Value creation, control and capture

Abstract:

The Visegrad countries have become increasingly integrated into global production networks, mainly due to the increasing share of foreign value added in their exports. The automotive and electronics industries are the most integrated into global production network (GPN) with major role performed by European countries, particularly Germany. There are slight differences between the Visegrad countries, with Poland being much less dependent on exports and foreign capital, particularly due to its larger size. Overall, participation in GPN has brought benefits to the Visegrad nations, although limited attention has been paid to the costs such as dependence on foreign capital and low value control and capture.

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