THE CONCEPT AND FEATURES OF THE FUNCTIONING OF VALUE ADDED CHAINS IN THE GLOBAL ECONOMY

Topicality. The question of the role of value-added chains, as well as their development in the world economy, is an important issue, as they ensure the effective integration of national economies into global production processes. In current conditions, the competitiveness of countries and companies depends on the ability to be involved into international chains of added value and receive benefits from coordination at various stages of production process. The issue of value-added chains is especially relevant for Ukraine due to the necessity to find solutions for increasing the added value of the Ukrainian products and their further implementation on the world market. Aim and tasks. This study aims to analyze the essence of value added chains, their features and impact on the structure of international economic relations. Materials and Methods. To achieve the set goals, the methods of system analysis, comparative analysis, theoretical generalization, economic and statistical methods were applied. The materials of the research are based on foreign publications, analytical reports, theoretical and applied studies, etc. Research results. The article examines the basics of the concept of value-added chains, the essence and peculiarities of their functioning in the global economy, impact of its components on the formation of the final value of products. It is noted that value-added chains are a key element of the modern economy, as they ensure the efficient distribution of resources and contribute to the growth of companies' competitiveness on the world market. Special attention is paid to the study of the impact of globalization on the structure and dynamics of value added chains, as well as the role of innovations and technologies in their transformation. The article emphasizes the importance of coordination between various chain participants and the influence of integration processes on the optimization of production processes. Conclusion. The given study focuses on the concept and essence of value added chains in the global economy. It is noted that the value chain is a set of process elements related to the creation of products and the provision of services at various stages of the production process, as well as after-sales service of products. The diagram of how the value-added chain functions in the global economy is determined, as well as which elements affect the final amount of added value in the finished product. In addition, the relationship between the level of development of the country and those factors used by local enterprises in the process of creating added value is established. The description of the factors that directly affect the integration of local chains of added value into global ones is also provided. Understanding these factors plays a key role in analysis of the global value chains integration process.