SMALL AND MEDIUM-SIZED BUSINESS’ EXPORT SUPPORT IN TERMS OF GLOBAL ECONOMY CHANGED BY CORONAVIRUS

E. V. Malysheva () and A. V. Ratner ()

International Trade and Trade Policy, 2020, issue 3

Abstract: Modern conditions of the world economy are characterized by a significant restriction of world economic relations, which is caused by the coronavirus pandemic and the resulting decline in economic activity in national economies, which coincided with international sanctions practices and falling oil prices. This created new conditions for international trade and required export-oriented companies to adapt quickly. This ability is most inherent in small and medium-sized businesses, which can become the engine of the national economy, including through the implementation of export potential. The purpose of the analysis: taking into account the global economic trends caused by the coronavirus pandemic, to make recommendations on the development of export support measures for Russian small and medium-sized enterprises. Methodological support was provided by an analysis of the world economic situation and its forecasts, taking into account the opinions of domestic and foreign researchers, as well as an analysis of existing export support measures. The analysis showed that the pandemic factor contributed to the strengthening of geo-economic instability and fragmentation of the economic space. A decrease in economic activity leads to a reduction in exports and imports of countries, which changes the international maps of supply and demand. Under these conditions, state support for exports-informational, legal, consulting, marketing, analytical, and organizational – is valuable for small and medium-sized enterprises, taking into account the possibilities of digitalization, new foreign trade and legal realities, including sanctions practices, technical standards, and restrictions caused by the pandemic, based on industry specifics, and changing international supply and demand maps. Appropriate recommendations are proposed

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2020:id:390

DOI: 10.21686/2410-7395-2020-3-79-96

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