The objective of our article is to analyze the risks of a new coronavirus pandemic with impact on the dynamics of the modern world economy, as well as to assess the corresponding consequences and risks that will lead to the formation of a new model for organizing interactions in international trade, foreign direct investment and a revision of the determinants of global economic growth. The nature of the impact of the current pandemic on the existing system of international economic relations, in contrast to the previous global crises, is unprecedentedly tough, which has led to a number of contradictions in the development of global value chains, international trade flows, and  the  transformation  of  external  financing  conditions.  The  author  believes  that  the  most important  challenge  of  the  pandemic  is  not  only  the  recovery  of  the  economy  and  economic activity, maintaining the growth rate of labor productivity, but also in preventing the growth of inequality, in shaping the ability to manage global risks and imbalances. The trends towards the localization of international trade and the repatriation of global  value chains act as a risk of a significant slowdown in international exchange, which contradicts the canons and strategies for the development of foreign economic relations  of those countries  that ensured their economic growth by expanding participation in international trade and attracting foreign direct investment. According to the author, a new wave of international economic cooperation between countries can bring a new impetus to the development of international trade, capital movement and the dynamics of economic mobility.

The paper describes factors that lead to the United States trade restrictions, particularly export control at the end of the second decade; the challenges of the United States policy, prospects for international  trade  relations.  World  trade  is  expected  to  grow  this  year  after  reducing  in  the previous one. The outlook for trade development remains with a large degree of uncertainty due to economic, financial risks, effects of struggle against pandemia; national policies. The US trade restriction policies are  in focus. Besides imposing import tariffs;  controlling  exports  of  software, sensitive  equipment,  technology  has  been  transformed  under  Trump’s  administration  in  the context  of  national  security,  foreign  policy  objectives.  Limiting  access  to  the  most  sensitive  U.S. technology has been putting in practice along with new export controls on software; restrictions on  the  emerging  and  foundational  technologies.  Export  Control  Reform  that  was  passed  by Congress and signed into law by President Trump has determined a new stage in US policy and may bring more uncertainty as concerning relations with other countries.

The  forecasts  of  the  economic  development  for  the  next  years  vary  among  countries  and projections  depend greatly on how long the pandemic and social distancing will take place and on  the  measures  that  are  taken  place  for  increasing  social  and  economic activities,  commerce. Meanwhile ratings of US leadership are declining, with the worst results in Europe.  The rapid spread  of  the  virus  that  causes  COVID-19  made  US  leading  country  in  confirmed  cases  and created a new reality for the national economy. As to the US the fall of real gross domestic product in 2020 is expected around the average of OECD countries, more than in Japan; less than in in Great  Britain,  Italy,  France.  Unemployment  rate  is  projected  going  down  in 2021 (comparing with 2020) but remaining still high. Experts are examining possible outcomes of coronavirus  spreading  and  its  consequences  for  the  dynamics  of  GDP,  unemployment, international trade and world investment. The projections seem not very bright for the next year; and  it  will  take  time  for  returning  to  pre  pandemic  indicators.  While  forecasts  of  declining international trade show  the fall in world merchandise exports would be large, the estimates show beginning growth in exports next year.

The article focuses on the analysis of the global video game industry. The structure of the gaming industry,  which  includes  manufacturers  from  around  the  world,  is  considered. The study showed the controversial impact of the COVID-19 pandemic on the global video game industry. The units of the global video games industry affected by the introduction of quarantine measures and self-isolation have been highlighted: cancelation or postponement of the events to 2021. Among the positive changes are the following: increased sales of video games, an increase in the number of users and the number of hours of online games. During the research, general scientific  methods  were  used:  analysis,  synthesis,  classification,  historical  method. The quantitative method was used to analyze the dynamics of economic indicators of the global video game market. The graphical presentation made it possible to visualize the obtained data. The  source  of  information  during  the  research  was  monographs  and  articles  of  foreign  and domestic scientists; data from analytical agencies in the field of video games in the world; Internet resources specializing in market analysis and consumer behavior; analytical data of the World Economic Forum, etc. The scientific novelty of the study consists in a comprehensive analysis of the gaming industry, which has not been conducted before, in the unprecedented conditions of the COVID-19 pandemic.

The issue of overexploitation in developing countries in the era of Global value chains (GVC ) is directly related to the question of the relationship between the economic and social upgrading of countries in GVC. The relevance of this topic is due to its  narrow representation in the scientific field, as well as the persistence of a low standard of labor force’s living in developing countries, despite the growth in labor productivity and the transition to the production of goods with higher added value. This article examines the problems faced by low-and medium-skilled workers in developing countries, including extremely low wages, social insecurity, and gender inequality. Often the reason for the preservation of this situation is the low price of goods, which is set by the purchasing  companies  that  govern  the  GVC.  International  organizations  and  the  media systematically  attract  public  attention  to  this  problem,  which  has  led  to  the  establishment  of control  over  working  conditions  by  the  parent  companies  of  the  GVC.  However,  in  many industries, the workers’ situation is still unsatisfactory, which indicates that the measures taken in this direction are insufficient. According to the author, significant improvement of working conditions  is difficult without the  participation of industry and  inter-industry trade unions  of employees.

The  conclusion  of  bilateral  free  trade  agreements  (FTAs)  in  the  21st  century  continues  to  be  an important trend of international economic relations. The countries of the Eurasian Economic Union also  joined  these  processes  by  concluding  FTAs  with  Vietnam,  Iran,  Singapore  and  Serbia. The Eurasian Economic Commission has initiated a feasibility study of signing an FTA with the next partners: Indonesia and Mongolia. This article discusses the likely consequences of the conclusion of  an  FTA  with  Indonesia.  The  authors  analyze  the  similarities  and  differences  between  our economies and the extent of their complementarity. A review of the structure and some trends of mutual trade is carried out. The article provides estimates of the possible quantitative effects of the liberalization  of  trade  in  goods  between  the  three  key  EAEU  countries  (Russia,  Belarus  and Kazakhstan) and Indonesia. The authors use the partial equilibrium model SMART (from the WITS toolkit) and the calculations of budget losses in the case of mutual zeroing of import duties based on the  International  Trade  Center  database  (Trademap.org).The  probable  consequences  of liberalization for the main sectors of mutual trade are calculated. Conclusions are made regarding the economic feasibility of liberalizing trade in goods between the EAEU and Indonesia.

The article is devoted to the study of general and special characteristics of the condition and state regulation  of  agriculture  in  three  East  Asian  countries:  China,  Japan,  and  South  Korea.  It  is determined  that  there  are  several  historical  similarities  associated  with  the  Asian  way  of production,  low  land  use,  high  dependence  on  food  imports,  rapid  urbanization  and  high population density. The topic of food security is relevant for all three countries. The comparative analysis made it possible to identify and specify important differences in the process and results of the modernization of agriculture in the three countries. Especially in terms of the level and speed of technical and technological development, domestic state support for agriculture, foreign trade policy, changes in the trade balance for agricultural goods, the inclusion of countries in the import of GM seeds and the production of organic food, positions in the ratings of the global food security index. The article focuses on the issues of commercialization of biotechnological crops and China's strategy aimed at future global dominance in the field of agricultural science and technology.  Using  the  mechanism  of  international  corporate  mergers  and  acquisitions, the Chinese company with state participation entered the top five world leaders in the production of GM seeds and IT platforms for precision farming.

The expansion of the Association of Southeast Asian Nations (ASEAN) economic capacity appears to be driven by digital factors. Current research analyses the digitalization processes in ASEAN, determines  the  digitalization  strategy  for  the  integration  block,  provides  with  the  relevant dynamics of digitalization level indicators. The analysis of digital indicators revealed the rapidly growing level of dissemination of information and communication technologies and the dynamic development of the digital economy as a whole. Despite ASEAN's digital potential, a number of problematic issues remained, such as government regulation, protection against digital fraud, and protection of intellectual property rights. A successful initiative for the digitalization development in  the  Asian  Pacific  region  could  be  the  development  of  an  appropriate  legal  framework,  the development  of  transport  infrastructure,  the  public-private  partnership  tools  usage  and budgetary  incentives.  For  ASEAN  member  countries  leadership  in  the  digital  race  it  seems advisable  to  organize  training  sessions,  create  jobs  in  digital  industries,  develop social  impact bonds (SIB) projects, and create a global digital ecosystem.

Based on the conducted research of Danish multinational companies, it was revealed that the organization of their work is characterized by strategies for expanding and entering foreign markets through the opening of production facilities. The reason for this is the small size of the Danish domestic market, the high demand for the products of the companies abroad, and the particular geographical location. The Russian market contains many opportunities for Danish companies to increase the client base, improve sales channels, and convenient location of production both due to the geographical and economic characteristics of location (the possibility of duty-free transportation of goods within the EAEU) and due to access to resources. At the same time, the Russian side is interested in the inflow of foreign direct investment, the creation of new workplaces, especially in remote regions of the country, the study and implementation of new methods of management and organization of production. An important factor is the presence of special economic zones, the advantages of which a foreign company can use. This article examines business projects that could be promising in the context of sanctions restrictions and are beneficial to both parties. Particular attention in the article is paid to the pharmaceutical sector, logistics services, and the energy sector.

In the world trade today, the share of goods containing intellectual property objects is increasing from year to year. That’s mainly because the most developed countries prefer to export high-tech and knowledge-intensive products that use the most modern technologies. Such, the intellectual component has become one of the main components in the price of consumer market goods. With growth of trade, the volume of counterfeit products is increasing, falsification mechanisms are being improved, new challenges are emerging with regard to the protection of intellectual property in emergency situations. All these problems require timely and appropriate solution. That is why control over the movement of such goods, as well as the correct calculation of their customs value, is becoming one of the priority areas of the activity of the customs authorities in the Russian Federation. These facts determine the relevance of the topic of the article. This article discusses the issues related to the control of the turnover of goods moved and sold in violation of the rights of the copyright holders, as well as their customs value, which is subsequently reflected in the amount of customs payments payable when goods are moved across the customs border of the Eurasian Economic Union. The mechanisms to improve the control over the calculation of the customs value of goods containing intellectual property objects have been determined.