Global value chains and networks - who creates and who captures value from innovations
Global value chains and networks - who creates and who captures value from innovations

Summary/Abstract: Global value chains undergo the process of continuous decomposition. Vertically integrated companies are gradually converted into network structures. Processes of value creation and value appriopriation within networks may be explained using the PF1 or IO frameworks. Thus, the value capture position of a firm depends, on one hand, upon existence of dominant design, appropriablity regime and the need for complementary assets and on the other hand, upon the bargaining power of the firm

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