Jana Vlčková

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 dependenceon foreign capital and low value control and capture.

Keywords: global production networks, Visegrad countries, backward participation, value added, value capture

Jana Vlčková [jana.vlckova@vse.cz], World Economy Department, Faculty of International Relations University of Economics W. Churchill Sq. 1938/4, 130 67 Prague 3 – Žižkov, Prague: Czech Republic