Drivers of Global Commodity Market Formation

Yuliia Ishchuk
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Yuliia Ishchuk: Vasyl' Stus Donetsk National University

Electronic magazine "Dialogue", 2020, issue 1 Year 2020, 33-42

Abstract: The research reviews structural changes taking place in the 21st century, which is an era of shifts in the world economy, occurring under the influence of scientific and technological revolution, specialization and cooperation of industrial production and contributing to qualitative changes in the field of globalization of commodity markets. These processes are imperfect and, due to many shortcomings, require further scientific research. The purpose of the study is to determine the role of drivers of the global commodity market shaping. The article investigated the essence of factors of the global commodity market formation and its components. Influence of trade liberalization on formation of global commodity market was determined; the development of information technologies in the field of communications, information processing, transport technologies, as well as vigorous action of multinational companies were analyzed.

Keywords: liberalization; globalization; commodity market; multinational companies; information technology (search for similar items in EconPapers)
JEL-codes: F10 F13 F23 F6 O10 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:dat:dialog:y:2020:i:1:p:33-42

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