The paper aims to trace the development of analytical frameworks for global value chains (GVC). This is not an encyclopedic literature survey; it focuses only on the strands of research that explicitly consider vertical (supply–use) relations of cross-border production sharing and their impact...

The characteristic feature of the recent global economic crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one...