Digital future of international trade in the global markets of intellectual resources: labour mobility and automation based on smart technologies

Yelena S. Petrenko, Igor V. Denisov, Aglaia D. Busalova and Emil Velinov

International Journal of Trade and Global Markets, 2023, vol. 18, issue 2/3, 254-265

Abstract: The purpose of this paper is to develop a methodology for assessing the efficiency of world trade in the global markets of intellectual resources, to test it through the example of developed and developing countries, as well as to identify the prospects for improving the efficiency through optimisation of labour mobility and automation based on smart technologies. The originality of the paper is consideration of intellectual resources while laying the emphasis on their complex internal structure and distinguishing between labour mobility and automation based on smart technologies. The testing of the methodology through the example of the top 5 OECD countries in terms of the level of development of digital knowledge and the BRICS countries in 2020 has shown that high efficiency is only inherent, for example, in US (48.41 points). In Sweden (9.75 points), the efficiency is moderate, while in developing countries (excluding China) it is low - e.g., 2.66 points in Russia.

Keywords: aid for trade; world trade; global market; economic empowerment; manufacturing innovation; industrial innovation; inclusive innovation; intelligent machines; digital future; labour mobility; automation; smart technologies. (search for similar items in EconPapers)
Date: 2023
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