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.

scholarly journals Views of Ivan Vernadsky on the role of foreign trade policy in economic development

2021 ◽  
Vol 2021 (54) ◽  
pp. 182-198
Author(s):  
Tetiana Bodnarchuk ◽  
◽  
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Foreign Trade ◽  
Trade Policy ◽  
Free Trade ◽  
Economic Transformation ◽  
Economic Thought ◽  
Foreign Trade Policy ◽  
Modern Economic

Nowadays, the process of making effective economic decisions requires reference to the history of Ukrainian economic thought. The study of intellectual heritage and innovative ideas of prominent Ukrainian economists, among whom Ivan Vernadsky occupies an important place, will enrich the understanding of the mechanisms and ways of modern economic transformation. The purpose of the article is to analyze and generalize Ivan Vernadsky’s conceptual views on the role of foreign trade policy in economic development. The theoretical basis of this study is conceptual approaches to understanding the nature of foreign trade policy, in particular, protectionism and free trade. Systematic, comparative-historical, institutional-evolutionary, and historical-genetic analyses were used as the research methodology. The author considers Ivan Vernadsky’s conceptual approach to foreign trade as a basis for providing the country's economic leadership in the international area. The economist’s ideas on the advantages of liberal foreign trade policy, free trade, and its mutual benefits for countries are revealed. Ivan Vernadsky was a staunch opponent of restrictive foreign trade policy, which creates obstacles to the country's competitive advantages and economic progress. Attention was paid to Ivan Vernadsky's criticism of customs protectionism. According to the scientist's point of view, protectionism leads to monopolization, price rises, technical and technological backwardness of production, destabilization of foreign trade relations, etc. At the same time, one of the scientist’s merits is the formation of an innovative approach to the interpretation of protectionism as a general economic doctrine and a realistic economic policy. Ivan Vernadsky’s vision of the basics of efficient management is generalized. He creates an original theory of economic development, which can be used for selection of effective mechanisms of modern economic policy.

scholarly journals The Role Of China In The Petro Political Map Of The 21st Century

2011 ◽  
Vol 7 (1) ◽  
Author(s):  
Flory Anette Dieck-Assad
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
21St Century ◽  
Ethical Dilemmas ◽  
Foreign Trade Policy ◽  
The World ◽  
Wholly Owned Subsidiary ◽  
Royal Dutch Shell ◽  
Petroleum Company

This case presents the financial, political, and ethical dilemmas faced by an entrepreneur from London. His company, Shell Company of the Sudan Limited (Shell Sudan), is an indirectly wholly owned subsidiary of Royal Dutch Shell that no longer has operations in Sudan as of December 2008.  Meanwhile, the Chinese National Petroleum Company (CNPC) has increased its exploitation of African oil in Darfur, Sudan.  This paper introduces the reader to the new face that the black gold is giving to Chinese Foreign Trade Policy.  The aim of the paper is to raise the debate about the world leadership that the emerging economy of China will develop during the XXI Century.

BITs represent foreign trade policy shift for Brazil

2015 ◽  
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
Foreign Investment ◽  
Sovereign Debt ◽  
Foreign Trade Policy ◽  
Content Type ◽  
Investment Protection ◽  
Domestic Legislation ◽  
Major Shift ◽  
International Instruments

Subject Brazil's shifting foreign trade policy. Significance Although Brazil signed a dozen Bilateral Investment Treaties (BITs) in the 1990s, they never came into effect. Since then, Brazil has steadfastly opposed participation in the network of BITs currently in force, addressing foreign investment protection through domestic legislation and international instruments such as double taxation treaties. However, in April, Brazil concluded investment agreements with Mozambique and Angola and is negotiating others. This is a major shift in foreign investment policy and also sets the stage for a new form of BIT that may be attractive to other emerging countries. Impacts How these vaguely worded BITs will work out in practice is still to be determined. Coverage of intellectual property rights and sovereign debt as protected investments is uncertain. Private sector and civil society involvement is a novel feature that could be included in future BITs.

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 CUSTOMS REGULATION OF THE EXPORT OF TIMBER MATERIALS IN THE CONDITIONS OF FUNCTIONING OF THE EURASIAN ECONOMIC UNION

2021 ◽  
Vol 9 (1) ◽  
pp. 201-205
Author(s):  
Viktor Kovalev ◽  
Diana Yakovenko
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
Economic Integration ◽  
Foreign Trade Policy ◽  
Member States ◽  
Eurasian Economic Union ◽  
The Common ◽  
Economic Union ◽  
Supranational Level

This article examines the role of customs regulation in the conditions of the functioning of the Eurasian economic integration, and also reveals the need for solving joint tasks brought to the supranational level and closely associated with the implementation of the common foreign trade policy of the EAEU member states.

Free Trade versus Protection : Static and Dynamic Aspects

1985 ◽  
Vol 24 (1) ◽  
pp. 39-50
Author(s):  
Gunnar Flфystad
Keyword(s):  
Developing Countries ◽  
Foreign Trade ◽  
Trade Policy ◽  
Empirical Evidence ◽  
Free Trade ◽  
Optimal Taxation ◽  
Foreign Trade Policy ◽  
Taxation Policy

This paper analyses whether the developing countries are pursuing an optimal foreign trade policy, given the theoretical and empirical evidence we have. The paper concludes that constraints in imposing other taxes than tariffs in many developing countries may justify having tariffs as part of an optimal taxation policy.

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