WORLD ECONOMY AND INTERNATIONAL ECONOMIC RELATIONS
The article analyzes key issues related to the fragmentation of international trade at the current stage of global economic development. The impact of economic globalization on disruptions in modern international exchange is discussed, including in the chronological context of the formation of the modern structure of international trade. The main channels of trade fragmentation are identified, including the ambiguous dynamics of cross-border direct investment, the aggressiveness of export control measures taken by key countries, as well as stresses observed in the global payment system. A separate aspect of the study was the analysis of national security considerations dictating the use of various subsidies, which is an additional determinant of the fragmentation of international trade. It is proven that fragmentation has led to uncertainty and increased volatility in global raw materials markets, and has strengthened the speculative and "financialized" nature of their development. In general, international trade under the influence of fragmentation should become more adaptive, and it is necessary to continue developing multilateral cooperation, but it should take place in a fundamentally different format and with the help of alternative instruments aimed at developing new trade models.
ECONOMY OF FOREIGN COUNTRIES
This study delves into the evolution and current state of relations between the State of Israel and the Republic of Korea. It aims to uncover the key factors driving their socio-political and economic ties, and project their future interaction. Through examining Israeli and Korean sources, the research reconstructs the historical development of their relationship, highlighting key points for understanding their progress. The structure of the article meets the task of reflecting the most significant factors for the relationship between the two countries. The research methods and reviews of existing literature on the topic are considered. The retrospective analysys of the development of Israel-South Korea's political and diplomatic relations is done. It sheds light on the Arab-Israeli conflict's role as a past hurdle in their rapprochement. Moving forward, the study examines the United States' influence as a significant external factor, highlighting similarities and differences in US policy towards both nations. Finally, the analysis shifts to the economic dimension of their cooperation. Beyond exploring basic patterns in their economic ties, the study delves into their collaboration in the sphere of innovation, holding significance for both countries. The authors conclude that despite their relatively late start in collaborating, Israel and South Korea possess substantial potential for growth in their diplomatic, political, and economic relations.
The economy of Syria has been experiencing very strong and diverse pressure from Western countries on the national economy for a long period. Despite this, the country was able to survive and continues its development, although very unstable. In this regard, the issue of thefactors of the growth of the Syrian economy in the last decade, the problems and prospects for the development of the national economy and the foreign trade sector of the country, as well as the prospects for its cooperation with foreign partners, including at the regional level, remains relevant. The article shows that in the last decade, the Syrian economy has faced serious problems, including two new (external) factors – the global COVID-19 pandemic and the escalation of military tensions in the Middle East region, affecting both the territory (and the economy) of Syria. At the domestic socio-economic level, market volatility affects the dynamics of macroeconomic indicators (high instability of development, including in the field of per capita income, a significant degree of closure of the national economy – low indicators of the foreign trade quota with continued import dependence, a significant share of agriculture and low urbanization relative to other countries in the region), while high final consumption costs do not allow the country to ensure the necessary level of fixed capital accumulation for the development and diversification of the national economy. At the same time, Syria's economy remains one of the most diversified in the region, and the country does not face a high degree of food dependence like its regional neighbors. From this, the authors conclude that it is necessary and possible at this stage to intensify and escalate intraregional inter-Arab economic cooperation and trade as one of the tools to reduce existing risks.
The article presents a forecast assessment of the development of the national economy and foreign trade of Ethiopia until 2030, calculated by the authors on the basis of a mathematical and systematic analysis of macroeconomic processes and methods of modeling these processes usingthe Box-Jenkins model (ARIMA). Estimation method: the exact maximum likelihood method. The topic seems relevant due to Ethiopia's accession to the BRICS alliance from 2024. Therefore, it is important to predict possible trends in Ethiopia's economic and foreign trade development, their significance for the country itself, as well as their impact on the economic dynamics of other BRICS countries and the association as a whole. The study is updated taking into account the continued increase in global volatility and the emergence of new threats, including in Africa. The subject is trends in the economic development of Ethiopia as a member of the BRICS. The purpose of the article is to develop a scientifically based forecast of the development of the economy and foreign trade of Ethiopia in the medium term. The article identifies potential threats to the development of the Ethiopian economy. The statistical basis of the study was mainly data from the United Nations Conference on Trade and Development (UNCTAD). The results of the study can be used to understand the trends of socio-economic and foreign trade development of the country, adjust this development, as well as expand and enrich the theoretical concepts of the world economy. The research and author's calculations are based solely on the current circumstances and current realities, without taking into account any fundamental changes in the politics and economy of the country under study. The author's calculations and conclusions can be useful to economists, entrepreneurs, and researchers as a basis for their further practical and scientific activities.
The article presents a comparative analysis of socio-economic and foreign trade relationships between the United States and the People's Republic of China, two leading countries of the world economy, which exert maximum influence on global processes in economics and politicsas well as in world trade, investment activities and scientific and technical sphere. Today, the rivalry between the two powers has also intensified in the monetary and financial aspect due to the growing importance and share of the yuan in international settlements and government reserves of many countries. This situation continues to worsen smoothly, often having a negative impact on other countries, including the Russian Federation. The purpose of the article is to explore the current state of the demographic situation, the dynamics of GDP and trade turnover of the two countries, to characterize the current situation and identify trends in its development in the medium term, which will make it possible to form the positions and policies of other subjects of the world economy to ensure their stability and balance their actions. The article concludes that both countries are currently experiencing a period of socio-economic and foreign trade turbulence, and its range has not yet shown a tendency to decrease. It is often the United States that acts as the source of this turbulence, trying to overcome the negative processes in its own economy. Therefore, it is important for third countries, for example, Russia, to take consistent measures to ensure national, including foreign economic, security. The methodological basis of the research is statistical, comparative, graphical analysis, the study of reports and archives, calculations based on data from open international statistical databases and official websites of international economic organizations, the main purpose of which is to study the economic indicators of the United States and the People's Republic of China. The study period covers 2012–2023.
FOREIGN ECONOMIC RELATIONS OF THE RUSSIAN FEDERATION
The study’s relevance is caused due to the Russian export experiences, which acts as a research subject. Goal is to reveal current peculiarities of Russian export. As methodical tool the model of marketing mix was applied, which includes product, price, place, promotion. The analysis has shown: the Russian economy, to promote its export in new terms, uses marketing with new characteristics. The bigger are become the share in it of agricultural and metallurgical products, the share of developing countries among buyers. Promoting the export is provided including through the free trade zones of the Eurasian economic union with the third countries, common trade and cooperation areas with them. State support for import substitution assists to create the production able to export. Scientific contribution of the research results consists in that they expand application of micro-economic marketing mix model on export of national economy as a whole. The results received make possible to study in complex and simultaneously in detail the strengths and weaknesses of export, including the volume and structure of export, price dynamics, currency and financial, transport, trade and diplomatic peculiarities of sale.
In the context of shifting trade emphasis to the East, Russia attaches great importance to the development of cooperation with the Asia-Pacific countries, where Mongolia is a key partner. The purpose of the article is to reveal global trade trends and identify key areas for the development of Russian-Mongolian foreign trade relations in the food industry. Having conducted a comprehensive analysis of the economic and political factors shaping bilateral trade, the article provides insights into the challenges and opportunities for expanding cooperation in the food sector. Global trend in the food market is that China a leader. China accounts for the largest share (35%) in Russia turnover also. Mongolian trade ties with Russia are becoming closer year by year. This was demonstrated by the official visit of Russian President Vladimir Putin to Mongolia in September 2024. We can observe that Mongolia closely cooperates with such a region of Russia as Buryatia. Through a detailed examination of trade patterns, regulatory frameworks, and market trends, the study uncovers areas of untapped potential and identifies barriers to optimal trade flow. Drawing on industry best practices and case studies from other global food trade partnerships, the paper offers a series of practical recommendations for stakeholders. These recommendations cover infrastructure development, promotion of cultural exchange, harmonization of legal and regulatory frameworks, absorption and use of technology to create a more robust and sustainable trade ecosystem.
In the modern world of rapidly developing technologies, digitalization has become not just a trend, but a vital condition for the successful functioning of any business, regardless of its scale. In Russia, as in many other countries, digitalization processes have taken a leading position among development priorities. Today digitalization implies the active and widespread introduction of modern digital technologies, automation tools and innovative solutions in all areas of business, which means a transition from traditional, manual methods of work to automated processes based on digital data. Digitalization is of particular importance for the development of Russian small and medium-sized enterprises (SMEs). It is this segment of the economy that is the most dynamic, flexible and adaptable to changes in most developed countries of the world. The introduction of digital solutions in small and medium-sized businesses will improve their competitiveness, create new jobs, strengthen economic growth and make Russia more competitive at the global level. The article examines the results of a study of the state of small and medium-sized businesses in Russia and the Republic of Belarus, the degree of implementation of digital technologies in small and medium-sized businesses in the two countries. Based on the results of the comparative analysis, a conclusion was made about the positive dynamics of the development of both the SME sector as a whole and the level of its digitalization, the directions of digital development of small and medium-sized businesses in the Russian Federation and the Republic of Belarus were determined.
The Russian Federation traditionally remains one of the most important producers and suppliers of wheat on the world market of agricultural raw materials and food. The countries of the African continent, on the contrary, form the largest group of importers and consumers of this product. The purpose of the article is to identify the main trends in the dynamics of Russian wheat exports to African countries at the present stage, as well as to identify the key features of this aspect of trade relations between the parties. The article examines the dynamics and features of export-import relations between the Russian Federation and African countries in the field of international wheat trade through the prism of food security theory. The paper presents an analysis of numerical indicators of wheat production in Russia and its exports to African countries in comparison with indicators of total supplies to the world market, identifies specific features of Russian exports focused on supplies to the African region, and concludes that Russia needs to expand its participation in ensuring food security in the Global South. The source base is statistical materials containing numerical indicators of wheat production and trade by countries and regions of the world, published by international organizations (FAO, International Trade Center, UNCTAD/WTO), national executive authorities, their subordinate institutions and the Bureau of Statistics (Rosstat, USDA); as well as analytical and information and news publications on the topic.
The problem of the article lies in the fact that, on the one hand, the economy of Russia’s new territories has suffered from military operations and cannot produce enough products for export, and on the other hand, it has significant potential. The DPR and the LPR, where the Donetsk coal basin is located, are considered the most promising regions. The author states that in order to overcome economic difficulties in the new regions of Russia, it is necessary to actively integrate their economies into the world markets. The author of the article concludes that the new regions of Russia have clear comparative advantages in heavy industry and agriculture. Strengthening foreign economic relations will allow attracting investments to the region, contributing to the further restoration of the infrastructure and economy of the territories under consideration.
ECONOMIC INTEGRATION
The article examines the current state and prospects for the development of the MERCOSUR integration association – the common market of South American countries. The purpose of the analysis carried out in the article is to determine the role and place of Argentina in MERCOSUR. The subject of the study is the integration association in MERCOSUR, and the object is the modern specifics of integration processes within the framework of the association. The article analyzes the main macroeconomic indicators of the association and the structure of trade both within the bloc and with third countries. Based on a comprehensive and in-depth statistical analysis based on data from the international database of UNCTAD, the authors conclude that the prospects for further economic development of MERCOSUR are quite promising. The countries of the association are steadily increasing their economic potential, as well as the level of mutual cooperation in various fields – trade, investment, and digitalization. The Association is increasingly actively cooperating with third countries, largely due to Brazil's participation in the BRICS. Thus, the article shows that the integration process has advanced in qualitative aspects, and the prospects for its further development can be assessed as positive. At the same time the integration process in MERCOSUR is not free from problems and difficulties at both the country and continental and global levels, which limit and restrain its further deepening and development. The study period is 2012–2022. As a methodology, the article uses reliable statistical information and provides its comparative analysis using visual methods. The authors used historical and complex approaches.
The countries of the Cooperation Council for the Arab States of the Persian Gulf (GCC), like many other countries of the world, today live in the realities of digital development and implement the achievements of world science and technology in various spheres and sectors of their economy and life in general. The purpose of the article is to identify the existing level of digitalization in the GCC countries in regional and sectoral aspects. The article shows that in the process of digitalization in the region and individual countries, the needs of digitalization of the national economy have been formed to support sustainable socio-economic development and solve a number of other tasks, for example, environmental, energy, etc. At the same time, specific threats have formed, among which in this article the author identifies industry digital gaps. The author concludes that during the period under study (2000–2023), the GCC identified industry leaders and outsiders in the process of digitalization. The author refers to the first extractive industries, oil refining, construction, as well as the service sector. The prospects for the development of digital systems in the GCC countries are assessed by the author as generally positive, but in the GCC it is important to eliminate digital gaps in the sectoral structure of the economy at the regional and country levels. To do this, according to the author, it is necessary to use legal, organizational, financial and other measures in the GCC countries, including the intensification of international cooperation in the digital sphere in the region and beyond. The study was conducted on the basis of reports from regional and international organizations (UNCTAD, IMF, League of Arab States, Arab Monetary Fund, etc.)
ISSN 2414-4649 (Online)