Institutional System of the Fragmented International Production by Transnational Firms
Journal Title: Бізнес Інформ - Year 2015, Vol 10, Issue 0
Abstract
The article discusses the essence of the institutional system of the international production by transnational corporations in the context of its deepening fragmentation, strategic objectives of management of the global value chains, created by corporations, influence of the heterogeneity of transnational firms on both the formation of global networks for their operations and their geographical configuration. The complex, multiple nature of the architecture of the modern international production in these companies is disclosed. It is substantiated that the most important features of the institutional mechanism of the international production by TNCs are transfer of targets and requirements to all its participants related to the manufactured products, processes and transactions, maintaining and increasing the strength of the parent company in the global networks, as well as assigning to it the maximum of the created value added.
Authors and Affiliations
Azar Jalilov
Keywords
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