Instability of international trade and approaches to optimal regulation

International trade regulation is viewed as a key function of managing the flow of goods and services in international exchange. The study analyses the primary challenges in the development and regulation of global trade and establishes the avenues for counteracting structural distortions and imbala...

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Autores principales:	Evgeny N. Smirnov, Sergey A. Lukyanov
Formato:	article
Lenguaje:	RU
Publicado:	Ural State University of Economics 2021
Materias:	government regulation foreign economic activity management protectionism trade conflict the world trade organization (wto) trade flows multilateral regulation Business HF5001-6182 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/51757fab024a4e8b8c224a5d71884a3a
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spelling	oai:doaj.org-article:51757fab024a4e8b8c224a5d71884a3a2021-12-02T19:37:21ZInstability of international trade and approaches to optimal regulation10.29141/2218-5003-2021-12-5-22218-5003https://doaj.org/article/51757fab024a4e8b8c224a5d71884a3a2021-11-01T00:00:00Zhttp://upravlenets.usue.ru/en/issues-2021/880https://doaj.org/toc/2218-5003International trade regulation is viewed as a key function of managing the flow of goods and services in international exchange. The study analyses the primary challenges in the development and regulation of global trade and establishes the avenues for counteracting structural distortions and imbalances in international exchange. The methodological framework of the research includes the concept of foreign economic activity management and international trade theory. Analysis, synthesis, as well as historical and logical methods were used. The empirical base covers data from world trade statistics in the context of bilateral trade flows between key countries participating in international exchange. The authors propose their own methodology which is based on a descriptive assessment of atypical changes in international trade and stress factors in its development under the influence of the crisis, and takes into account the reliability of participants in international exchange. We prove that economic globalization has a decisive effect on the formation of imbalances and risks of a rise in protectionism in cross border trade. As shown in the research, the COVID-19 pandemic has exerted a special influence on export-oriented countries and global supply chains, which makes the impact of the current crisis on international exchange unprecedentedly inclusive. The current rapid recovery of global trade does not imply it being sustainable in the medium and long term, since foreign trade regulation in the key countries remains uncertain and strained. The progress of world trade multilateral regulation was virtually destroyed, as evidenced by the resumption of the discriminatory measures practice between countries. Strategies for managing the crossborder movement of goods will depend on the depth and effectiveness of mega-regional trade agreements, as well as on the rebalancing of trade between the leading players – the United States and China.Evgeny N. SmirnovSergey A. LukyanovUral State University of Economicsarticlegovernment regulationforeign economic activity managementprotectionismtrade conflictthe world trade organization (wto)trade flowsmultilateral regulationBusinessHF5001-6182FinanceHG1-9999RUУправленец, Vol 12, Iss 5, Pp 21-31 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	government regulation foreign economic activity management protectionism trade conflict the world trade organization (wto) trade flows multilateral regulation Business HF5001-6182 Finance HG1-9999
spellingShingle	government regulation foreign economic activity management protectionism trade conflict the world trade organization (wto) trade flows multilateral regulation Business HF5001-6182 Finance HG1-9999 Evgeny N. Smirnov Sergey A. Lukyanov Instability of international trade and approaches to optimal regulation
description	International trade regulation is viewed as a key function of managing the flow of goods and services in international exchange. The study analyses the primary challenges in the development and regulation of global trade and establishes the avenues for counteracting structural distortions and imbalances in international exchange. The methodological framework of the research includes the concept of foreign economic activity management and international trade theory. Analysis, synthesis, as well as historical and logical methods were used. The empirical base covers data from world trade statistics in the context of bilateral trade flows between key countries participating in international exchange. The authors propose their own methodology which is based on a descriptive assessment of atypical changes in international trade and stress factors in its development under the influence of the crisis, and takes into account the reliability of participants in international exchange. We prove that economic globalization has a decisive effect on the formation of imbalances and risks of a rise in protectionism in cross border trade. As shown in the research, the COVID-19 pandemic has exerted a special influence on export-oriented countries and global supply chains, which makes the impact of the current crisis on international exchange unprecedentedly inclusive. The current rapid recovery of global trade does not imply it being sustainable in the medium and long term, since foreign trade regulation in the key countries remains uncertain and strained. The progress of world trade multilateral regulation was virtually destroyed, as evidenced by the resumption of the discriminatory measures practice between countries. Strategies for managing the crossborder movement of goods will depend on the depth and effectiveness of mega-regional trade agreements, as well as on the rebalancing of trade between the leading players – the United States and China.
format	article
author	Evgeny N. Smirnov Sergey A. Lukyanov
author_facet	Evgeny N. Smirnov Sergey A. Lukyanov
author_sort	Evgeny N. Smirnov
title	Instability of international trade and approaches to optimal regulation
title_short	Instability of international trade and approaches to optimal regulation
title_full	Instability of international trade and approaches to optimal regulation
title_fullStr	Instability of international trade and approaches to optimal regulation
title_full_unstemmed	Instability of international trade and approaches to optimal regulation
title_sort	instability of international trade and approaches to optimal regulation
publisher	Ural State University of Economics
publishDate	2021
url	https://doaj.org/article/51757fab024a4e8b8c224a5d71884a3a
work_keys_str_mv	AT evgenynsmirnov instabilityofinternationaltradeandapproachestooptimalregulation AT sergeyalukyanov instabilityofinternationaltradeandapproachestooptimalregulation
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Instability of international trade and approaches to optimal regulation

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