In the section Articles
Title of the article Evolution of Value Added Chains in Asia Pacific Region and Opportunities for Russia
Pages 16–36
Author 1 Igor Alekseevich Makarov
Сandidate of Economics, Associate professor at the Department of Global Economy
National Research University Higher School of Economics
20, Myasnitskaya St., Moscow, Russian Federation, 101000
This email address is being protected from spambots. You need JavaScript enabled to view it.
ORCID: 0000-0003-3519-3036
Author 2 Anna Konstantinovna Sokolova
Junior research fellow at the Center for Comprehensive European and International Studies
National Research University Higher School of Economics
20, Myasnitskaya St., Moscow, Russian Federation, 101000
This email address is being protected from spambots. You need JavaScript enabled to view it.
ORCID: 0000-0002-3733-0295
Abstract This paper examines the changing patterns of transnational value chains in the Asia-Pacific region. The methodology is based on the analysis of data extracted from the OECD – WTO Trade in Value Added Database (2016). The study demonstrates that 1) Asia-Pacific countries show extremely high involvement in the global value chains; 2) intra-Asian value chains develop at a fast pace, reflecting the trend towards regiona-lization of economic ties in Asia-Pacific (caused by the processes of transformation within China, the growing income divergence in the region and the development of regional integration mechanisms); 3) the level of participation in global value chains differs across countries and is subject to constant changes. In particular, Chinese manufacturers are moving to the processes with higher value added, and the role of an ‘assembly shop’ in the region is shifting to the ASEAN countries. Russia’s participation in the value chains in the Asia-Pacific region is currently limited to its role as a supplier of raw materials. High tariffs make manufacturing oriented towards Asia less viable, especially considering that most of Asia-Pacific countries have free trade agreements with each other. However, favorable rules of origin in Asian RTAs as well as good political relations with leading Asian countries in conditions of tensions between them still create some opportunities for involving Russia in regional value chains at the more advanced stages
Code 339.5
JEL F13, F14, F23
DOI 10.14530/se.2018.1.016-036
Keywords value chains ♦ international integration ♦ international trade ♦ Asia-Pacific region ♦ Russia
Download SE.2018.1.016-036.Makarov.pdf
For citation Makarov I.A., Sokolova A.K. Evolution of Value Added Chains in Asia Pacific Region and Opportunities for Russia. Prostranstvennaya Ekonomika = Spatial Economics, 2017, no. 4, pp. 16–36. DOI: 10.14530/se.2018.1.016-036. (In Russian).
References 1. Bordachev T., Likhacheva A., Zhang X. What Does Asia Want? Rossiya v Globalnoy Politike = Russia in Global Affairs, 2015, vol. XIII, no 1, pp. 82–95. (In Russian).
2. Dyomina Ya.V. International Economic Integration in the Asia Pacific Region and Russia’s Interests: Results of 25 Years. Prostranstvennaya Ekonomika = Spatial Economics, 2017, no. 2, pp. 16–40. DOI: 10.14530/se.2017.2.016-040. (In Russian).
3. Igntenko A.S., Indrisova V.V., Litvinova Yu.O. Analysis of Global Chains in International Trade Patterns. Moscow, 2017, 124 p. (In Russian).
4. ASEAN+1 FTAs and Global Value Chains in East Asia. ERIA Research Project Report 2010, no. 29, 362 p. Available at: (accessed July 2017).
5. Baruah D. Toward Strategic Economic Cooperation Between India and Japan. Carnegie India, 2016, December 01. Available at: (accessed August 2017).
6. Dedrick, J., Kraemer K.L., Linden G. Who Profits from Innovation in Global Value Chains?: A Study of the iPod and Botebook PCs. Industrial and Corporate Change, 2010, vol. 19, issue 1, pp. 81–116. DOI: 10.1093/icc/dtp032
7. Global Trade Alert. 2017. Available at: (accessed August 2017).
8. Global Value Chains and Interconnectedness of Asia-Pacific Economies. Asia-Pacific Trade and Investment Report: Supporting Participation in Value Chains. United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), 2015, November 2, pp. 103–138. Available at: (accessed July 2017).
9. Head K., Ries J. Increasing Returns versus National Product Differentiation as an Explanation for the Pattern of U.S. – Canada Trade. American Economic Review, 2001, vol. 91, no. 4, pp. 858–876. DOI: 10.1257/aer.91.4.858
10. Kraemer K.L., Linden G., Dedrick J. Capturing Value in Global Networks: Apple’s iPad and iPhone. PCIC, 2011, 11 p. Available at: (accessed July 2017).
11. Lall S. The Technological Structure and Performance of Developing Country Manufactured Exports, 1985–1998. Oxford Development Studies, 2000, vol. 28, issue 3, pp. 337–369. DOI: 10.1080/713688318
12. Los D., Timmer M., De Vries G. Global Value Chains: ‘Factory World’ is Emerging. The Age of Global Value Chains: Maps and Policy Issues. Edited by J. Amador, F.Di Mauro. London: CEPR Press, 2015, pp. 36–47. Available at: ttp:// (accessed August 2017).
13. Novy D. Gravity Redux: Measuring International Trade Costs with Panel Data. Economic Inquiry, 2012, vol. 51, issue 1, pp. 101–121. DOI: 10.1111/j.1465-7295.2011.00439.x
14. OECD – WTO Database on Trade in Value-Added. OECD – WTO, 2013, 4 p. Available at: (accessed June 2017).
15. Orefice G., Rocha N. Deep Integration and Production Networks: An Empirical Analysis. World Economy, 2014, vol. 37, issue 1, pp. 106–136. DOI: 10.1111/twec.12076
16. Plan of Action to Implement ASEAN-India Partnership. ASEAN, 2015. Available at: (accessed August 2017).
17. Trade in Value Added. OECD – WTO, 2016. DOI: 10.1787/data-00648-en
18. Trade in Value Added: China. OECD – WTO, 2015, 8 р. Available at: (accessed August 2017).
19. Trade in Value-Added: Concepts, Methodologies and Challenges. OECD – WTO, 2012, 28 p. Available at: (accessed June 2017).
20. UNCTADSTAT Database. UNCTAD, 2017. Available at: (accessed August 2017).
21. World Economic Outlook: Subdued Demand: Symptoms and Remedies. International Monetary Fund, 2016, October 4, 288 р. Available at: (accessed August 2017).
22. Yang C. Relocating Labour-Intensive Manufacturing Firms from China to Southeast Asia: A Preliminary Investigation. Bandung: Journal of the Global South, 2016, no. 3. DOI: 10.1186/s40728-016-0031-4
Financing The article is prepared due to the grant of the Russian Science Foundation No. 17-18-01577 ‘Formation of the Community of Greater Eurasia and the strategy of bilateral cooperation between Russia and the countries of the region’

ISSN (Print) 1815-9834
ISSN (Online) 2587-5957

Minakir Pavel Aleksandrovich,
Tel.: +7 (4212) 725-225,
Fax: +7 (4212) 225-916,
Samokhina Lyudmila, Executive Editor
Tel.: +7 (4212) 226-053
Fax: +7 (4212) 225-916,
Tel.: +7 (4212) 226-053,
Fax: +7 (4212) 225-916,
To Editorial Staff of “Spatial Economics”
Economic Research Institute FEB RAS
153 Tikhookeanskaya St., Khabarovsk, RUSSIA, 680042



Creative Commons License
Unless otherwise noted, content on this site is licensed under a Creative Commons Attribution 4.0 International License