World trade development: sectorial approach.

Authors

  • O. Kovalenko Донбасская государственная машиностроительная академия

Keywords:

world trade, market niches, value added, world commodity turnover, global manufacturing systems (GMS)

Abstract

The investigation is devoted to the world trade analysis by a principle of a sectorial approach. It is defined that economic and politic factors influence on the world trade structure. It is given an assessment of the world trade by sectors: agro- industrial, mining and manufacturing. The EU-28 countries are defined as leaders in the world trade; Russia and Saudi Arabia are the biggest exporters of raw materials, Brazil is the biggest exporter of agrarian products after the EU-28 and the USA. It is defined that in the first half of the 20th century less developed countries were leaders of the world trade and in the second part – more developed countries. The high level of intellectual activity in a country causes its politic and economic independence. It is estimated that general value of licenses on using of manufacturing property objects has reached more than 50 bln. $ per annum. It is defined a tendency: trade growth rate by high-tech goods exceeds trade growth rate by other goods. Fragmentation of industry has led to an emergence of global manufacturing systems. They are expanded in branches where it is possible to define different manufacturing and trade sectors.

Author Biography

O. Kovalenko, Донбасская государственная машиностроительная академия

к.э.н., доцент

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