The influence of sanctions on the transformation of trade cooperation of countries within the world economy
https://doi.org/10.21686/2410-7395-2022-3-140-155
Abstract
The article analyzes the positions of the world's leading economies in global value chains since the 60s of the XX century. The features of the formation of modern key centers of production chains, including China, the USA and Germany, are reflected. The analysis of the share of participation of ten leading economies of the world and Russia in global value chains, including in such sectors of the economy as agro-industrial, industrial, construction, services and mining, was carried out. It was revealed that in all the sectors of the economy considered, China managed to reach the first positions, with the exception of the mining sector, where the leading positions remain for the United States, followed by Russia. It is established that the decline in the share of developed economies in global value chains has led to the introduction of sanctions against those countries whose economic opportunities and prospects have served as a threat to the sustainable development of the former, primarily against China and Russia. The analysis of the transformation of Russia's trade relations with key partners has been carried out since 2013, when the dependence of the Russian economy on imports was maximum and at the same time the Western bloc of countries imposed the first sanctions against our country. Possible prospects for further development of both the Russian economy and other countries playing a key role in the future formation of the entire world economy are presented.
About the Author
E. S. Novikova
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Ekaterina S. Novikova, PhD, Associate Professor of the Department of Economic Theory
36 Stremyanny Lane, Moscow, 117997
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Review
For citations:
Novikova E.S. The influence of sanctions on the transformation of trade cooperation of countries within the world economy. International Trade and Trade Policy. 2022;8(4):140-155. (In Russ.) https://doi.org/10.21686/2410-7395-2022-3-140-155
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