KÜRESEL DEĞER ZİNCİRLERİ BAĞLAMINDA İKTİSADİ BAĞIMSIZLIK HEDEFLERİNİN YENİDEN TANIMLANMASI.

Many trade economists, even the WTO, consider The Global Value Chains (GVCs) as a "paradigm shift" in international trade. The radical change occurring in global trade patterns not only creates a need for new foreign trade policy targets but also makes the traditional methods of analysis questionable both empirically and theoretically. This study aims to furnish a holistic frame of research for the correct interpretation of GVC indicators by emphasizing the structural features of GVCs and the importance of different country roles inside in defining the new trade policy objectives. Our study shows that the import dependency in GVCs is no more the main source of foreign dependency and targeting a decrease in the import share of exports can act in a contradictory way with countries' objectives for economic independence. Hence, we redefine the concept of trade dependency by the bargaining power and total value-added shares of countries within the global value chains. Finally, we present in a comparative approach the calculation methods of the new GVC indicators that are available in the literature and used for the analysis of the structure of GVCs and the participation of individual countries. However other than previous work focusing on the Turkish case, we do not conduct an empirical analysis in this research paper. [ABSTRACT FROM AUTHOR]