CURRENT STATUS AND DEVELOPMENT TRENDS OF INTERNATIONAL TRADE
Journal Title: Економічна стратегія і перспективи розвитку сфери торгівлі та послуг - Year 2017, Vol 1, Issue
Abstract
Modern international trade is developing quite rapidly. For the development of foreign trade are the obstacles of internal nature. In modern conditions, the main feature of international economic relations is the export of goods and foreign investment. The purpose of the article is the study of the development of international trade. In the commodity structure, international trade is affected by scientific and technological development. Now, the greatest importance in international trade has the products, which belong to the manufacturing industry. Modern international trade is developing quite rapidly. The most developed countries of the world are the leaders in trade services. It is determined by the features of the development of certain countries and their role in the world market. Currently, one of the most important factors of the production efficiency is the inclusion of the state into the process of international division of labor. Participation and development of foreign economic relations contribute to the growth of production efficiency. There is an opportunity to buy abroad raw materials and food, the cost of which in foreign markets is lower than at the domestic market. Of the particular note is the purchase of licenses for new technology abroad. This is actively resorted to all industrialized countries, the main motive of which is the desire to obtain economic benefits. The forecasts and calculations show that international division of labor is steadily deepening. Based on it, international exchange of goods and services will increase at a faster pace. In the developing countries, rapid expansion of the domestic market is expected.
Authors and Affiliations
Аліна Артьомова, Валерія Ланчинська
Keywords
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