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Outlines of structural transformations in international trade

Andrey Nikolaevich Spartak
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Andrey Nikolaevich Spartak: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2018, issue 3, 7-23

Abstract: The article overviews structural shifts in international trade under globalization. Special attention is paid to trade in hi-tech and intellectual goods and services, changing positions of developed and developing countries in this trade, identification of leading traders in innovation segments of the world market. New statistical data enabled carrying out a detailed analysis of the services trade by mode of supply and concluding that inclusion of the supplied services in total volumes via establishing commercial presence abroad (mode 3 in WTO terminology) causes qualitative change in the parameters of international exchange in services and selected countries’ participation in global trade. The ongoing transformations in developing and emerging markets are assessed with growing diversification of their development trajectories in terms of their impact on the international economics and global competition.

Keywords: Structure; transformations; goods; services; hi-tech; mode of supply; commercial presence; emerging markets (search for similar items in EconPapers)
Date: 2018
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