A Study on International Production Sharing and Inbound Globalization

The phenomenon of international production sharing networks (also known as production fragmentation, global value chains, or vertical production networks), which is associated with offshoring/outsourcing, has gained increasingly importance in the contemporary globalization process. This paper analyzes the patterns and trends in international production sharing and export growth in China and Vietnam over the last twenty years. More specifically, in addition to overall trends, our study examines the developments across four broad economic sectors and fifteen manufacturing industries. Furthermore, for both countries the relationship between a country’s participation in international production sharing networks and a country’s export development (in terms of the domestic value-added content of exports) is investigated through a statistical analysis. The empirical results indicate that China and Vietnam have increased substantially their participation in production networks. Moreover, we find that the extent of a country’s involvement in international production sharing highly correlates with improved export performance. This suggests that China’s and Vietnam’s impressive export expansion over the last twenty years can be attributed, in part, to increasing integration into global value chains.

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Just How Big Is Global Production Sharing?

10.1596/1813-9450-1871 ◽

1999 ◽

Cited By ~ 48

Author(s):

Alexander J. Yeats

Keyword(s):

Production Sharing

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Minerals as an object of accounting and economic security of the oil and gas company implementing the production sharing agreement

International Accounting ◽

10.24891/ia.23.11.1291 ◽

2020 ◽

Vol 23 (11) ◽

pp. 1291-1312

Author(s):

N.V. Zyleva

Keyword(s):

Oil And Gas ◽

Economic Security ◽

The State ◽

Professional Judgment ◽

Production Sharing ◽

Security Service ◽

Geological Information ◽

Oil And Gas Companies ◽

Mineral Reserves ◽

Economic Risks

Subject. This article discusses the practice of ensuring the economic security of oil and gas companies operating under the terms of production sharing agreements, where minerals are the object of security. Objectives. The article aims to justify the need to apply professional judgment in the organization of reliable accounting of minerals, explored and extracted under the terms of the production sharing agreement implementation, to avoid various risks to the entity's economic security. Methods. For the study, I used the methods of deduction and modeling. Results. The article presents proposals to arrange accounting of intangible exploration assets (geological information on mineral reserves) and finished products (the part of the extracted minerals owned by the investor and the part owned by the State). Conclusions. As strategic minerals, oil and gas are the targets of various economic risks. Professionals familiar with the specifics of accounting operations in the implementation of the production sharing agreement should be prepared to prevent these risks. The results obtained can be used to design accounting policies and develop local regulations on the tasks and functions of the economic security service of the organization implementing the production sharing agreement.

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