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Copruducts of schemes ("glueing construction") ?

In this MO question it was raised the topic of "glueing constructions" in the category of schemes. I understand the phrase "glueing two schemes along maps to them" as "there exists a coproduct of the two schemes (with respect to the two given morphisms) in the category of schemes".

Let's consider the affines first. If $R'$, $R''$ and $R$ are rings, and $\phi': R' \to R$ and $\phi'':R''\to R$ are homomorphisms, then one can define the ring

$A=R'\times_{\phi',R,\phi''} R'':=\;${$(a,b)\in R'\times R''$ | $\phi'(a)=\phi''(b)$}.

The first question is:

Is the ring $A$ so constructed always the fibered product in the category of rings of $R'$ and $R''$ along the prescribed maps $\phi'$ and $\phi''$ ? (I guess this may be answered by abstract nonsense alone)

In case the answer to the above question is "yes", then one automatically gets the existence of fibered co-products (i.e. verifying the dual universal property than fibered products) in the category of affine schemes.

So one may ask:

Under which assumptions does it carry over to the non-affine case?

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