Dynamics of the structure of US foreign trade in high - tech manufacturing products

V. N. Minat ()

International Trade and Trade Policy, 2020, issue 4

Abstract: The significant role of the United States in global innovative industrial production and related foreign trade in high-tech products requires studying the interaction between these two phenomena of economic development of the country in the space-time continuum. By studying the dynamics of structural indicators of export-import components of US foreign trade in industrial goods with high knowledge intensity and the nature of their ratio in absolute terms (balance) for the period 1946-2019, long-term trends that determine its sectoral (in this case, by product groups) and territorial (spatial) structure in the global system of world economic relations are revealed. The interrelation of the de-industrialization of the American economy as a whole and the constant growth of the innovative potential of the industrial sector of the US economy with a slowdown in the external economic impact of the country's high-tech industries on the world market is shown, despite the historically established competitive advantages of this group of manufacturing industries and their successful development in the domestic market of the United States.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2020:id:403

DOI: 10.21686/2410-7395-2020-4-44-62

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