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Drivers of Global Commodity Market Formation

Author

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  • Yuliia Ishchuk

    (Vasyl' Stus Donetsk National University)

Abstract

The research reviews structural changes taking place in the 21st century, which is an era of shifts in the world economy, occurring under the influence of scientific and technological revolution, specialization and cooperation of industrial production and contributing to qualitative changes in the field of globalization of commodity markets. These processes are imperfect and, due to many shortcomings, require further scientific research. The purpose of the study is to determine the role of drivers of the global commodity market shaping. The article investigated the essence of factors of the global commodity market formation and its components. Influence of trade liberalization on formation of global commodity market was determined; the development of information technologies in the field of communications, information processing, transport technologies, as well as vigorous action of multinational companies were analyzed.

Suggested Citation

  • Yuliia Ishchuk, 2020. "Drivers of Global Commodity Market Formation," Electronic magazine "Dialogue", D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 33-42.
    • Handle: RePEc:dat:dialog:y:2020:i:1:p:33-42
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    File URL: http://hdl.handle.net/10610/4246
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    More about this item

    Keywords

    liberalization; globalization; commodity market; multinational companies; information technology;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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