IDEAS home Printed from https://ideas.repec.org/a/alq/rufejo/rfej_2019_07_7-20.html
   My bibliography  Save this article

International trade and digitalization of world economy

Author

Listed:
  • Vyacheslav Pavlovich Shuyskiy

    (Institute of Economics, RAS, Moscow, Russia)

Abstract

This article analyzes the impact of digital technologies on the global economy and international trade. It is shown that the digital revolution has become possible due to technological innovations in computerization, communications and information processing. There are arguments proving that digital technologies reduce trading costs. Hence, it may be concluded that digitalization could expedite international trade. Based on the analysis, small and medium-sized enterprises as well as firms from developing countries will gain the greatest benefits from digital technologies that could enable these countries to increase their share in world exports. Another consequence of digitization of the world economy could be an increase in the share of services in international trade. It is also shown that in the digital era significant changes in the sources of competitive advantages may occur, for instance, the role of such determinants as quality of IP protection, regulation of data flows and digital infrastructure might become more important.

Suggested Citation

  • Vyacheslav Pavlovich Shuyskiy, 2019. "International trade and digitalization of world economy," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 7, pages 7-20, July.
    • Handle: RePEc:alq:rufejo:rfej_2019_07_7-20
    as

    Download full text from publisher

    File URL: http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2019_07_7-20.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Irina Kosorukova & Alexander Voronov & Ekaterina Mirgorod & Svetlana Lupacheva & Olga Trubetskaya, 2023. "BRICS Countries in a Period of Uncertainty and Turbulence: Opportunities for the Formation of a New Configuration of the Global Economy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 51-76.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alq:rufejo:rfej_2019_07_7-20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Chernyavskaya (email available below). General contact details of provider: https://edirc.repec.org/data/vavtmru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.