Smartization of International Trade as a Modern and Long-Term Trend of its Development: Characteristics, Factors, Possible Consequences

N. S. Rytova ()

International Trade and Trade Policy, 2025, vol. 11, issue 4

Abstract: The article analyzes the current stage of international trade and the global trading system. It has been established that in the last quarter of a century there has been a comprehensive and profound transformation of the global trading system, as well as its new long-term characteristics. The main factors that have a stimulating effect on transformational processes in the field of global trade are identified and analyzed technological, economic and market, institutional and political, as well as global challenges and crises, under the influence of which the world trading system operates today. These factors have led to the democratization of global trade, i.e. the emergence and strengthening of such characteristics as transparency, inclusivity and adaptability in its system. These characteristics are inherent in trade processes taking place at the level of companies, regions, and the world as a whole, which requires countries to rapidly review their strategies and mechanisms in the field of international trade.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2025:id:843

DOI: 10.21686/2410-7395-2025-4-178-188

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