Russia's participation in global value chains in the Asia region: Challenges and prospects

Subject. This article examines the issues of creation of global value chains from the point of view of Russia's participation in them, and the search for new areas in the Asia region. Objectives. The article aims to study the process of ongoing world changes, considering the Russian Federation as an example, as well as identify and analyze the challenges and prospects of Russia's participation in global value chains. Methods. For the study, I used the systems, structural and functional, and integrated approaches. Results. The study identifies the main problems and challenges that have emerged in the field of global value chains over the past few years. It also shows possible prospects in the process of transformation of global value chains today based on statistical data. Conclusions. The ongoing transformation of production and the transnationalization of companies lead to the fact that global value chains play a special role in the structure of the world economy.