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BULGARIAN AND LITHUANIAN SCIENTISTS STUDY THE GLOBAL VALUE CHAINS FOR ACHIEVING REGIONAL COMPETITIVENESS

A team of experts from International Business School, in partnership with Lithuanian scientists, make a research of the global value chains. The research is made as a part of the activities of project "Development and implementation of a model for assessing the innovation potential of global value chains as a basis for increasing regional competitiveness " led by Assoc. Prof. Dr. Daniela Ventsislavova Georgieva and funded by the National Science Fund, contract No КП-06-Н55/8 from 16.11.2021.
For three years, leaders of the project’s work packages (prof. Teodora Georgieva, Prof. Irina Tsakova and Assoc. Prof. Nedka Gateva), scientists, Ph.D. students and students from IBS, will work together with Assoc. Prof. Dr. Vita Juknevičienė from Šiauliai Academy, Vilnius University, Lithuania, on the analysis of national and international economics. Their aim is to develop and test a Model for assessing the innovation potential of the global value chain, studying the relationship between geographical location, sectoral affiliation and innovation potential in the global chain of production, distribution and trade. The project aims to study and support the development of the high-tech and low-tech sectors operating on the territory of Bulgaria in order to disseminate good practices and experiences from Lithuania. "It provide a channel for dissemination of technological knowledge, entrepreneurial culture and innovation capacity. However, the innovation potential is traditionally studied at the national level. Analyzed through the prism of global value chains, new opportunities to support national and regional competitiveness will be suggested. The control over the chain helps the global leaders to create new opportunities for the local producers ", said Assoc. Prof. Georgieva. She emphasized that the COVID-19 crisis had sparked discussions between various industries and countries over global value-added chains in risk management and market shocks. The project will seek solutions to new problems on the topic and will offer opportunities for improvement.