title: International trading system: Up the down staircase?
metadata.name: dc.contributor.author
metadata.value: Koval, Alexandra G.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Gamboa-Alder, Alejandro
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: van Gorp, Désirée Maria
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Sutyrin, Sergei F.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Uriarte Sánchez, Carlos
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2022-07-08T10:15:24Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2022-07-08T10:15:24Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2022-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Koval A. G., Gamboa-Alder A., van Gorp D. M., Sutyrin S. F., Uriarte Sánchez C. (2022) International trading system: Up the down staircase? St Petersburg University Journal of Economic Studies, vol. 38, iss. 1, pp. 130–150.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2022.106
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/37136
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The future of the international trading system under modern challenges is uncertain. The
  surge of protectionism, the re-balancing of power between nations, and a recent pandemic
  along with expanding digitalization demonstrate the necessity of rethinking global trade governance.
  The paper aims to reveal the key challenges of modern international trading system
  and provide possible ways to address them. Participants in the debate indicated that protectionism
  inevitably remains in modern trade policy, although liberalization and multilateral
  trade talks could provide incentives for more fair trade. The global interconnectivity in the
  framework of global value chains requires a new trade agenda. It is clear that states, especially
  in modern circumstances, primarily defend their national interests. However, strategically all
  WTO members will benefit from the development of multilateral cooperation. The responsibility
  of national policy makers and companies, especially those most powerful, is to maintain
  sustainable economic development. COVID-19 made more evident the core problems of the
  development of the international trading system. It has also provoked “pandemic-specific”
  protectionism, which should be taken into account in future developments of global governance.
  Digital technologies will certainly re-shape the modern structure of international trade,
  regardless of whether it happens in a revolutionary or evolutionary manner. The globalization
  leads to the digital divide among nations and the necessity to adjust the national policies. The
  World Trade Organization is not obliged to cope with all these issues, but its members are.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: The reported study was funded by the Russian Foundation for Basic Research and Chinese Academy
  of Social Sciences according to the research project no. 19-510-93009.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;volume 38
metadata.lang: -
metadata.name: dc.subject
metadata.value: international trading system
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: trade policy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: economic development
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: pandemic
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: digitalization
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: International trading system: Up the down staircase?
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 06.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/37136/1/06.pdf
resources.format: Adobe PDF
resources.size: 764,9 kB