scholarly journals World Trade Flows in XX Century

2021 ◽  
Author(s):  
Agron IBRAHIMI ◽  
Marija JANKOVIC
Keyword(s):  
International Trade ◽  
Multinational Corporations ◽  
Raw Materials ◽  
Rate Of Change ◽  
Average Annual Rate ◽  
Goods And Services ◽  
Primary Products ◽  
The 1960S ◽  
Domestic Products ◽  
Second Period

International trade represents the exchange of goods and services across state borders. In most countries, it forms a significant part of Gross Domestic Products (GDP). Although international trade has been presented throughout history, its economic, social, and political importance has increased in recent centuries, mainly due to industrialization, transport development, globalization, and multinational corporations. The work is planned methodologically to be explored through the graphic method, the method of index numbers and the average annual rate of change, and the trend method. The analysis of work is divided over the period. The first period is considered from 1948-1999, the second period from 1980-1999. In the 20th century, there were significant changes in the structure of international trade. By the 1960s, dominant products in international trade were primary products (raw materials), while from that period the international trade was dominated by industrial products.

General Agreements on Tarriffs and Trade

1955 ◽  
Vol 9 (4) ◽  
pp. 596-599
Keyword(s):  
International Trade ◽  
Food Production ◽  
Raw Materials ◽  
Industrial Countries ◽  
World Price ◽  
Primary Products ◽  
Total Food ◽  
The World ◽  
The Status ◽  
Time Record

International Trade, 1954A report on the status and trends of international trade in 1954 was released by the Contracting Parties to the General Agreement on Tariffs and Trade (GATT) in July 1955. During the second half of 1954, the report noted, the value of world exports had reached an all time record high while the volume of trade had, since before Korea, increased slightly more (28.5 percent) than the volume of industrial production (26 percent). As compared with 1953, the world price of export goods had decreased slightly, due largely to lower prices for manufactures, since the prices of raw materials had remained essentially unaltered. Foodstuffs were the only category in which prices had increased (by 11 percent from 1953 to 1954) and this increase was entirely accounted for by coffee, cocoa and tea. The ratio between the price of manufactured goods and primary products had, on the whole, remained at the pre-Korea level. Compared with 1950, the prices of raw materials in the second half of 1954 had increased 15 percent whereas the prices of foodstuffs alone had increased 38 percent. These factors had led to a larger increase in food production in industrial as compared to non-industrial countries and to a larger share of exports from industrial areas in the world's total food exports.

scholarly journals FACTORS RESPONSIBLE FOR EXPANSION OF BELARUSIAN-ROMANIAN TECHNOLOGICAL COOPERATION

2021 ◽  
pp. 119-125
Author(s):  
S. Solodovnikov
Keyword(s):  
Developing Countries ◽  
International Trade ◽  
World Trade ◽  
Industry 4.0 ◽  
Raw Materials ◽  
Domestic Demand ◽  
Goods And Services ◽  
Technological Cooperation ◽  
The Social ◽  
New Industrialization

The article reveals the factors that determine the need to expand the Belarusian-Romanian technological cooperation in the context of the new industrialization of the two countries, namely: the change in the dynamics of foreign trade under the influence of the growing domestic demand of developing countries; reducing the share of intermediate goods and services in international trade; the growing impact of new and emerging technologies on world trade; the need for a new industrialization within the social paradigm Industry 4.0; an unprecedented degree of concentration in several countries of the most important raw materials required for the modern stage of industrialization; an unprecedented rise in global social inequality.

scholarly journals INTERNATIONAL TRADE AND GLOBAL CHALLENGES

2021 ◽  
Author(s):  
Juliia Poliakova ◽  
Larysa Yaremko ◽  
Oksana Shayda
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Negative Impact ◽  
Raw Materials ◽  
Negative Influence ◽  
Trade Flows ◽  
Effective Response ◽  
Goods And Services ◽  
Global Challenges ◽  
The World

The article is devoted to the analysis of trends in international trade in the conditions of current global challenges, including the pandemic that led to the introduction of quarantine restrictions, lockdown, and closure of national borders causing one of the largest economic crises in the last century. The article also aims to substantiate the role of exports for economic development of countries. Important global trends that have been observed are identified, the processes of development of the sphere of international trade are determined, and the position of the World Trade Organization in the researched issues is highlighted. The article outlines the peculiarities of the application of a number of measures aimed at regulating foreign trade flows including a significant restriction of exports of certain categories of goods and simplification of import procedures for goods needed to combat the pandemic in the countries of the world. An econometric model (a panel regression model) is constructed to illustrate the dependence of the gross domestic product of the twenty leading countries on their exports of goods and services. The study proves that the growth of exports of goods and services will directly lead to GDP growth. It is substantiated that, in the conditions of emergence and long-term action of the trends and with a simultaneous absence of means preventing the negative influence of global factors on international trade in general and foreign trade of separate countries of the world, there is a danger of reduction of their role as an important factor of economic growth. The trends of development of foreign trade of Ukraine are considered in the period of the pandemic, in particular its commodity and geographical structure, rates of change of volumes of trade flows. The stress is laid on the high export-oriented raw materials, the steady trend of import dependence and the preservation of the negative balance of the foreign trade balance of our country. The common features and differences in the processes of foreign trade operations by the EU member states and Ukraine are summarized. Emphasis is placed on the need to create effective response mechanisms at the state level that can reduce the negative impact of global challenges on the country’s foreign trade.

scholarly journals Productividad total de los factores en la agricultura chilena: 1961-1996

2011 ◽  
Vol 4 (8) ◽  
pp. 121 ◽  
Author(s):  
Jaime A. Olavarría ◽  
Boris Bravo-Ureta ◽  
Horacio Cocchi
Keyword(s):  
Land Reform ◽  
Agricultural Sector ◽  
Factor Productivity ◽  
Average Annual Rate ◽  
Annual Average ◽  
Tfp Growth ◽  
Reform Program ◽  
Negative Effect ◽  
The 1960S ◽  
Second Period

The main objective of this paper is to determine the productivity growth in the Chilean Agricultural sector during the 1961-1996 period. Total Factor Productivity (TFP) was calculated using the Törnqvist index, which is a discrete approximation to the Divisia index. The data used to estimate these indexes are prices and quantities for 51 crops, and for four inputs —labor, land, capital and intermediate factors. The rate of annual growth for the period 1961-96 was 2,69% and –0,09%, for products and inputs, respectively. Therefore, the TFP grew at an average annual rate of 2,78%. Given a significant annual variability in TFP growth, an analysis was carried out for seven sub-periods corresponding to different political regimes. TFP grew at an annual average of 1,83% with Alessandri (1961-64), 3,12% under the period of Frei Montalva (1965-70), 1,52% during the Allende years (1971-73), 6,11% during the first part of the Pinochet regime and –0,28% in the second period of Pinochet (1981-89), 3,12% during Aylwin (1990-93) and 5,28% under Frei Ruiz-Tagle (1994-96). The results suggest that the land reform program implemented in the 1960s did not have a negative effect on TFP growth, as has been previously argued by some authors.

scholarly journals Analyses of impacts of China's international trade on its water resources and uses

2011 ◽  
Vol 15 (9) ◽  
pp. 2871-2880 ◽  
Author(s):  
Z. Y. Zhang ◽  
H. Yang ◽  
M. J. Shi ◽  
A. J. B. Zehnder ◽  
K. C. Abbaspour
Keyword(s):  
International Trade ◽  
Water Resources ◽  
Raw Materials ◽  
Virtual Water ◽  
Production Chain ◽  
Goods And Services ◽  
Water Flows ◽  
Water Scarce ◽  
The Impact ◽  
Water Uses

Abstract. This study provides an insight into the impact of China's international trade of goods and services on its water resources and uses. Virtual water flows associated with China's international trade are quantified in an input-output framework. The analysis is scaled down to the sectoral and provincial levels to trace the origins and destinations of virtual water flows associated with the international trade. The results show that China is a net virtual water exporter of 4.8 × 1010 m3 yr−1, accounting for 2.1% of its renewable water resources and 8.6% of the total water use. Water scarce regions tend to have higher percentages of virtual water export relative to their water resources and water uses. In the water scarce Huang-Huai-Hai region, the net virtual water export accounts for 8.0% of the region's water resources and 11.3% of its water uses. For individual sectors, major net virtual water exporters are those where agriculture provides raw materials in the initial process of the production chain. The results suggest that China's economic gains from being a world "manufacture factory" have come at a high cost to its water resources.

The Emergence of Business Groups: Israel and South Korea Compared

2002 ◽  
Vol 23 (5) ◽  
pp. 737-758 ◽  
Author(s):  
Daniel Maman
Keyword(s):  
South Korea ◽  
Multinational Corporations ◽  
Business Groups ◽  
South Korean ◽  
Economic Organizations ◽  
Self Sufficiency ◽  
Institutional Contexts ◽  
1960S And 1970S ◽  
The 1960S ◽  
Korean State

This paper examines the emergence of business groups in Israel and South Korea. The paper questions how, in very different institutional contexts, similar economic organizations emerged. In contrast to the political, cultural and market perspectives, the comparative institutional analysis adopted in this research suggests that one factor alone could not explain the emergence of business groups. In Israel and South Korea, business groups emerged during the 1960s and 1970s, and there are common factors underlying their formation: state-society relations, the roles and beliefs of the elites, and the relative absence of multinational corporations in the economy. To a large extent, the chaebol are the result of an intended creation of the South Korean state, whereas the Israeli business groups are the outcome of state policies in the economic realm. In both countries, the state elite held a developmental ideology, did not rely on market forces for economic development, and had a desire for greater economic and military self-sufficiency. In addition, both states were recipients of large grants and loans from other countries, which made them less dependent on direct foreign investments. As a result, the emerging groups were protected from the intense competition of multinational corporations.

scholarly journals How Far Away Are World Economies from Circularity: Assessing the Capacity of Circular Economy Policy Packages in the Operation of Raw Materials and Industrial Wastes

2021 ◽  
Vol 13 (8) ◽  
pp. 4394
Author(s):  
Margarita Ignatyeva ◽  
Vera Yurak ◽  
Alexey Dushin ◽  
Vladimir Strovsky ◽  
Sergey Zavyalov ◽  
...  
Keyword(s):  
The Netherlands ◽  
Waste Management ◽  
South Korea ◽  
Circular Economy ◽  
Raw Materials ◽  
Industrial Wastes ◽  
New Guidelines ◽  
The 1960S ◽  
Degree Level ◽  
The Eu

Nowadays, circular economy (CE) is on the agenda, however, this concept of closed supply chains originated in the 1960s. The current growing quantity of studies in this area accounts for different discourses except the holistic one, which mixes both approaches—contextual and operating (contextual approach utilizes the thorough examination of the CE theory, stricture of the policy, etc.; the operating one uses any kind of statistical data)—to assess the capacity of circular economy regulatory policy packages (CERPP) in operating raw materials and industrial wastes. This article demonstrates new guidelines for assessing the degree level of capacity (DLC) of CERPPs in the operation of raw materials and industrial wastes by utilizing the apparatus of the fuzzy set theory. It scrupulously surveys current CERPPs in three regions: the EU overall, Finland and Russia; and assesses for eight regions—the EU overall, Finland, Russia, China, Greece, France, the Netherlands and South Korea—the DLC of CERPPs in operating raw materials and industrial wastes. The results show that EU is the best in CE policy and its CERPP is 3R. The following are South Korea and China with the same type of CERPP. Finland, France and the Netherlands have worse results than EU with the type of CERPP called “integrated waste management” because of the absence of a waste hierarchy (reduce, recover, recycle). Russia closes the list with the type of CERPP “basic waste management”.

Border Trade between Regions of Russia and Provinces of China

2021 ◽  
Vol 20 (10) ◽  
pp. 103-116
Author(s):  
Natalya S. Epifanova ◽  
Vladimir N. Akulinin
Keyword(s):  
Manufacturing Industry ◽  
Raw Materials ◽  
Value Added ◽  
Raw Material ◽  
Structural Development ◽  
Regional Economies ◽  
Russian Regions ◽  
Goods And Services ◽  
Border Trade ◽  
Regions Of Russia

The purpose of this article is to study border trade in the regions of Russia and the provinces of China. It is shown that in recent years there have been negative trends in border trade, leading to its reduction. Therefore, Russian regions bordering with China should transform into separate objects of regional policy, while also forming a legislative framework for border interaction in all its main spheres: trade, humanitarian cooperation, science and education, and others. In border cooperation with China, special emphasis should be placed on cooperation in the innovation sphere, as well as on improving the quality of exported goods and services and promoting infrastructure projects. Border trade between the regions of Russia and China is built mainly on trade and export of labour resources from China to Russia, as well as China’s receipt of additional sales channels for the confidently growing sales markets for consumer goods and sources of raw materials and primary products. The interaction of Russian regions with neighbouring provinces on the border with China not only preserves the raw material orientation of these regions, but also hinders the development and strengthening of the manufacturing industry in the structure of their regional economies, since border interaction for Russian regions immobilizes those stages of value-added production observed in the very first stages. In general, for the Chinese provinces there is a similar problem associated with such exports to border regions that have common borders with Russia, which does not contribute to the diversification and structural development of the regional economies of the Chinese provinces. That is why building an effective mechanism for border interaction between Russia and China is a strategically important issue for both countries.

scholarly journals Nigerian Foreign Policy in a Globalising World: The Imperative of a Paradigm Shift

2015 ◽  
Vol 1 (1) ◽  
pp. 55 ◽  
Author(s):  
EJITU N. OTA ◽  
Chinyere S. Ecoma
Keyword(s):  
Foreign Policy ◽  
International Relations ◽  
Paradigm Shift ◽  
Raw Materials ◽  
Major Objective ◽  
Goods And Services ◽  
Challenges And Opportunities ◽  
Developed World ◽  
Globalising World ◽  
East West

The end of East-West hostilities in 1991 brought to the fore of international relations, some issues that had hitherto either been ignored or trivialised. One of these is the phenomenon commonly referred to as globalisation, which is more or less a euphemism for westernisation. Like colonisation, globalisation is propelled not by any moral considerations or an abstract concept of humanitarianism, but by the more economic exigencies of finding reliable markets for the industrial goods and services of the developed world as well as ready sources of raw materials for the industries of the world’s major economic powers. For developing countries like Nigeria, where political leadership influences not only domestic policies but foreign policy as well, there is a compelling need to embrace the globalisation with cautious optimism. For one thing, globalisation is a powerful force for growth and development. For another, it is a process that presents both challenges and opportunities. Such opportunities, however, must be exploited against the background of a dynamic foreign policy that sees the welfare of Nigerians as its major objective.

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