GVCs in times of global crises and economic regionalization: Case of Russian oil and gas industry
Journal: E3S Web of Conferences
Year: 2023

The traditional global value chains (GVCs) model is changing, which challenges the strategic decisions of multinational enterprises (MNEs). Due to the increased uncertainty in the system of international economic relations, GVCs tend to shorten, and this is an additional risk for emerging markets MNEs in the context of adjusting their integration strategies into GVCs. Deglobalization and regionalization became a new global trend. States that cannot solve the problems of partial localization and