Romania and its Position on the Global Value Chain. An Introductive Analysis

Global value chains (GVCs) loomed as a paradigm for the international scheme of the production process. Integration into GVC propels economic development because, in addition to generating income, it eases access to external markets, knowledge and technology transfer. For a large share of goods and services, the organization of production is nowadays vertically fragmented across different countries. This article offers a vision of Romania's position on GVCs by answering the following questions: Where do Romanian exports go? And which are the countries that typically generate income for Romania through the intermediate use of Romanian exports?