scholarly journals Legal services global market: current state and development prospects

2021 ◽  
Vol 29 (3) ◽  
pp. 510-523
Author(s):  
Oleg A. Yastrebov ◽  
Arina A. Tinkova
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Trade Policy ◽  
World Market ◽  
Global Market ◽  
Legal Services ◽  
Distinctive Features ◽  
Services Sector ◽  
Current State

The article answers the question: what are the distinctive features of the global legal services market in the context of globalization, as well as what place and role it occupies in international trade and trade policy? The study is divided into 3 parts. The first part structures the main theoretical aspects concerning the legal services world market: the concept and classification of legal services, forms and methods of international trade in legal services. The second part analyzes the market indicators of the global legal services market, characterizes the main problems and trends in its development. The place and role of Russia in the global legal services market are revealed. The third part deals with the foreign trade policy issues, mechanisms for protecting the internal market. Special attention is paid to the analysis of the Services Trade Restrictiveness Index for legal services. The mechanism of countries foreign trade policies influence on the British legal services sector is illustrated in the context of Brexit.

scholarly journals Renaissance of Protectionism as a Concept of Economic Policy: Theoretical and Applied Aspects

2020 ◽  
Vol 20 (4) ◽  
pp. 366-373
Author(s):  
Kseniya V. Mokhnatkina ◽  
◽  
Nataliia V. Naidenova ◽  
Anna Y. Shkryabina ◽  
◽  
...  
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
Foreign Trade ◽  
Trade Policy ◽  
National Economy ◽  
Trade Agreements ◽  
Preferential Trade Agreements ◽  
Foreign Trade Policy ◽  
Preferential Trade

Introduction. Changes in the balance of power in the global economy, the increasing role of the Asia-Pacific countries in international trade, the consequences of the global crisis of 2008–2009 led to a revision of foreign trade policy by both developed and developing countries, to an increased application of protective measures of national economy. Theoretical analysis. State economic policy aimed at protecting and realizing the interests of the national economy is protectionism in a broad sense. In a narrow sense, protectionism is considered as a foreign trade policy. The use of historical and logical methods in the study of the foreign trade policy of protectionism made it possible to identify the main stages of its development and the characteristics of each stage. Empirical analysis. The study analyzes the dynamics of the current and financial accounts of the balance of payments of Russia and the largest participants in international trade, shows the degree of their dependence on international trade and their vulnerability to the strengthening of protectionist measures. The article substantiates the need for Russia to pursue a policy of neo-protectionism, stimulate the generation of its own value chains and join regional chains, and actively participate in regional and preferential trade agreements. Results. At the new stage of the foreign trade policy of protectionism, its measures became more hidden, and the role of customs duties faded into the background. The desire to reduce non-tariff barriers, protect intellectual property rights, remove restrictions associated with manipulating the exchange rate, encourage regional integration, the conclusion of preferential trade agreements. In the future, having fulfilled a progressive role, regional and preferential agreements can be transformed into multilateral ones. The creation of a mechanism for such a transformation may become a new function of the reformed WTO.

scholarly journals Services in the international market

2008 ◽  
Vol 60 (4) ◽  
pp. 528-540
Author(s):  
Sanja Jelisavac
Keyword(s):  
International Trade ◽  
International Organizations ◽  
International Market ◽  
World Market ◽  
Comparable Data ◽  
Trade In Services ◽  
Great Role ◽  
Services Sector ◽  
Ongoing Work

The author analyses the role of services in the international market. Services sector has significant influence on economic growth and efficiency. Share of services in the world market is in the contrast with great role they play in the domestic market. Because of their intangible nature the trade in services is subject to a much large limitations than the trade in goods. Insufficient data or incomparable data on international trade in services makes this sector hard to analyze. Brought together to solve those problems few international organizations have made Manual on Statistics of International Trade in Services. This and many others are ongoing work to set internationally comparable data for the future analysis.

DEVELOPMENT OF THE WORLD MARKET OF SERVICES IN TURBULENCE CONDITIONS AND CHANGES

2017 ◽  
Author(s):  
Larysa Nosach ◽  
◽  
Victoria Morgun ◽  
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Service Sector ◽  
World Market ◽  
Global Dimension ◽  
Trade In Services ◽  
Current State ◽  
The World

The author's research of the current state and features of the development of the world market for services in conditions of turbulence of world processes was carried; the world leaders of the service sector in the global dimension and leaders of the most dynamic articles of service categories were identified; the share of world exports of services by countries by the level of their economic development was justified; weaknesses in the assessment of indicators of international trade in services were identified; the research is based on UNCTAD statistics.

scholarly journals The role of factoring in international trade financing

2020 ◽  
Vol 3 ◽  
pp. 36-41
Author(s):  
Tural Alasgarli ◽  
Keyword(s):  
International Economic ◽  
International Trade ◽  
Foreign Trade ◽  
Economic System ◽  
20Th Century ◽  
Trade Finance ◽  
Trade Relations ◽  
Trade Financing

As 20th century ends, international economic system has gained new characteristics, international trade and its finance has reached at a different aspect. Parallel to the increasing trade relations, new technics of foreign trade finance has been widely available. Among them, factoring was evaluated in this study.

TRANSFORMATION OF FOREIGN TRADE POLICY AMID THE COVID-19 PANDEMIC

2021 ◽  
pp. 74-82
Author(s):  
Vladimir M. Kutovoi ◽  
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
National Security ◽  
Economic Crisis ◽  
Foreign Investment ◽  
International Investment ◽  
Investment Climate ◽  
Foreign Trade Policy ◽  
Investment Policies

The ongoing coronavirus pandemic has seriously affected the international investment policies of the G20 countries. There has been a growing trend to introduce measures with reference to the protection of national security aiming at countering threats that may be associated with foreign investment. Given the role of international investment in alleviating the economic crisis, governments should continue to improve the investment climate while protecting their national security interests.

Strategies of International Trade

2018 ◽  
pp. 381-414
Author(s):  
Alain Bresson
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Food Production ◽  
Ancient Greece ◽  
International Market ◽  
Institutional Logics ◽  
Mutual Trade ◽  
Grain Trade ◽  
Trade Partners

This chapter examines the strategies employed in international trade in ancient Greece. It explains how the rules of trade and the distribution of “natural advantages” played the role of a system of constraints within which genuine strategies of foreign trade could be constructed. To better understand the specificity of these trade strategies, the chapter first considers the two institutional logics that prevailed in the international market: the first consisted in setting up a “surpluses for surpluses” trade strategy; the second allowed trade partners to act freely. The notions of mutual trade and nondirectional trade are discussed, along with the case of grain. The chapter also looks at the strategies used by cities to control grain trade, such as laws prohibiting grain exports, before concluding with an analysis of the grain policy of Athens as well as food production and supply in Aegean cities.

scholarly journals The Importance of Collaboration and Competition Within and Outside the OECD

2016 ◽  
Vol 11 (9) ◽  
pp. 13
Author(s):  
Ian Jackson ◽  
John McManus
Keyword(s):  
Global Economy ◽  
Cost Effective ◽  
World Market ◽  
Global Market ◽  
Conceptual Approach ◽  
Global Marketplace ◽  
Effective Manner ◽  
Challenges And Opportunities ◽  
National Governments

The purpose of this paper is to address the role of the OECD in the global marketplace. The paper highlights some current trends in the global market and the changing role of the OECD. In this context, the authors discuss various perspectives on the role of OECD in a globalized world. The authors focus on recent debates on the state of the global economy and the changing position of the OECD in the world market. The authors apply a conceptual approach combined with analyses of data and secondary material. The authors also put forward an argument for investigating what determines competition within and outside the OECD. In this context, creating markets within a global economy requires considerable stimulus on the part of national governments. This necessitates national governments working together in partnership with national and global firms to reduced bureaucracy and increase transparency to boost trade in a cost effective manner. This is seen by some economists to be a prerequisite to future competitiveness. Finally, the authors seek to demonstrate how leading countries within the OECD are building innovative capability to master the challenges and opportunities that the new emerging economies present (such as Brazil).

scholarly journals Positions and prospects of Russian shipbuilding in the world market of naval equipment

2021 ◽  
Vol 92 ◽  
pp. 08007
Author(s):  
Victor Dengov ◽  
Irina Tulyakova ◽  
Elena Gregova
Keyword(s):  
Value Added ◽  
World Market ◽  
External Factors ◽  
Military Equipment ◽  
Current State ◽  
The World ◽  
Military Security ◽  
Available Information ◽  
The Impact

Research background: The products of the arms and military equipment market create the material basis for the country’s military security. The most important segment of this market is the market of naval equipment. The acquired competencies have naturally led Russia to the role of the most important exporter in this market. The authors have repeatedly addressed the topic of Russian shipbuilding and the role of Russia in the world market of naval equipment and military ships. Purpose of the article: The main goal of the research is to analyze the current state of the market of naval equipment, the positions of its main participants and, especially, Russia. To determine the future prospects of Russia’s presence in this market, it was necessary to identify the main problems of Russian shipbuilding and consider the impact of external factors on the state of the industry. Methods: Generalizations of the research are based on processing and systematization of data obtained from available information sources. Analyzing the statistics, the authors were able to deduce the trends of the current moment and determine the prospects. Findings & Value added: The analysis of key market indicators, as well as the problems of Russian shipbuilding, allowed the authors to build possible scenarios for its future development, from optimistic under favorable external factors to pessimistic, in which the loss of not only military security, but also the position of the largest exporter in the world market of naval equipment and military ships is inevitable.

scholarly journals Current State and Post-Crisis Develo Pments of EU-CIS Trade: Perspective Tools to Ensure Sustainability

2013 ◽  
Vol 2 (1) ◽  
pp. 38-42 ◽  
Author(s):  
Anna Ivolga ◽  
Vasily Erokhin
Keyword(s):  
International Trade ◽  
Economic Recession ◽  
Global Market ◽  
Agricultural Products ◽  
Market Development ◽  
Current State ◽  
Russian Agriculture ◽  
Cis Countries ◽  
Trade Perspective ◽  
The Eu

Abstract Global financial and economic recession had negatively influenced the dynamic of the international trade in 2008-2012. The post-crisis period of global market development can be described by the tendency of growing international trade flows. However, according to many experts, to ensure this tendency, the international trade policy within the frame of the WTO should be changed. The paper includes the analysis of current market of the EU-CIS trade, describes the main tendencies of its post-crisis development and major approaches and tools to ensure sustainability of such development. The analysis involved main exporting and importing countries for each analyzed product group. Sub-goals include an overview of the WTO threats and opportunities for Russian agriculture and trade with agricultural products globally, as well as comparison of main consequences of the WTO accession for the CIS countries, such as Kazakhstan, Ukraine, Kyrgyzstan, Georgia and Moldova. This is also related to the state support of agricultural production in Russia and CIS and its influence on volumes, directions, structure and effectiveness of international trade with agricultural products.

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