Suchergebnisse

The subject of the article is the assessment of the impact of international
corporations' activities on the development of Polish commodity
exports against the background of Central European countries in 2004–2018. The detailed analysis covers changes in the value, dynamics, product and geographical structure of exports, the importance of foreign subsidiaries of international corporations in creating export potential and the share of foreign value added in gross exports. The conducted analysis showed a high degree of dependence of Polish exports, as well as those of the Czech Republic, Hungary and Slovakia on the operations of foreign subsidiaries of international corporations. Their share in
the total exports exceeded 50% during the analyzed period, and 85% in the exports of cars and trucks, pharmaceuticals, tobacco products, computers, electronic and optical devices. An important factor in the development of exports is the phenomenon of international fragmentation of production processes. It causes an increase in
trade turnover in subassemblies and intermediate goods. We can estimate the scale of production fragmentation by measuring the share of foreign value added in gross exports. The highest share of foreign value added occurred in the exports of Hungary and Slovakia and exceeded 40%. In Poland, foreign value added accounted for around 27% of gross exports. In all analyzed countries, foreign value added came mainly from the European Union countries, especially from Germany. In recent years, the share of intermediate goods imported from China has also been growing.

The European Union has a chronic trade deficit with Asia, the majority of which is with certain countries in East and South-East Asia. This conclusion is based on traditional international trade statistics. However, the international fragmentation of production processes and the new method of measuring trade by value-added are now making trade analysis closer to reality, allowing for more accurate conclusions to be drawn.This article's main aim is to analyze and evaluate the EU's trade imbalance with Asia and selected Asian economies, which is found in both traditional (gross) and new (value-added) international trade statistics. The analysis shows that the degree of trade imbalances concerning partners and groups of goods differs depending on the method of analysis. In the case of EU-Asian trade relations, imbalances do exist, but they generally show smaller deficits or surpluses when measured in value-added terms. The availability of statistical data determined the time and geographical scope of the study. The analysis covers the EU28's trade with 15 Asian countries from 1995 to 2018, with a particular focus on China, Japan, and South Korea. The study applies a critical literature review, the descriptive-analytical method, and the method of inference based on statistical data obtained from international databases (Eurostat, OECD-WTO, and UNCTAD).