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The Role and Importance of International Trade in the Economic Development of the State

Year: 2024

Type: article

Abstract: This article studies the factors of international economic development based on the analysis of the dynamics of export and import of goods, taking into account the main trends in the development of the world economy. The authors examine the fundamental principles of international trade and outline the advantages of international trade. The main trends of world trade are analyzed, the main leaders in export and import are identified, and Russia's place is determined. Based on the results of the study, the authors draw a conclusion about the role and importance of international trade in the development of the state.

Source: Moscow Economic Journal

DOI: 10.55186/2413046x_2024_9_12_473

Authors: Natal'ya Budarina, Vladimir Gribanich, Vladimir Kutovoy

Institution: Diplomatic Academy of MGIMO of the Russian Ministry of Foreign Affairs

Language: English

Topic: Global trade and economics

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W4405862284

FWCI: 0.677

Cites: 2

Cited by: 1

Related to: 10