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The Transforming Role Of Developing Countries In Global Trade

Author

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  • MARINOV, Eduard

    (New Bulgarian University, Economic Research Institute at Bulgarian Academy of Sciences)

Abstract

The article analyzes the increasing demand and the formation of internal value chains in developing countries – changes that explain the shift in the intensity and direction of trade at the global level. The aim of the study is to analyze the new place of developing countries in global trade relations. First, some of the transformations in the positions of the countries of the Global South in the process of multilateral liberalization are considered, then the changing role of emerging economies in the world economy is analyzed, and finally a forecast on the changing global demand and trade patterns is presented.

Suggested Citation

  • MARINOV, Eduard, 2022. "The Transforming Role Of Developing Countries In Global Trade," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 10(1), pages 264-275, October.
    • Handle: RePEc:vls:rojfme:v:10:y:2022:i:1:p:264-275
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    References listed on IDEAS

    as
    1. Mary Amiti & Jozef Konings, 2007. "Trade Liberalization, Intermediate Inputs, and Productivity: Evidence from Indonesia," American Economic Review, American Economic Association, vol. 97(5), pages 1611-1638, December.
    2. Ha-Joon Chang, 2003. "Kicking Away the Ladder: Infant Industry Promotion in Historical Perspective 1," Oxford Development Studies, Taylor & Francis Journals, vol. 31(1), pages 21-32.
    3. World Bank, 2020. "Global Economic Prospects, January 2020," World Bank Publications - Books, The World Bank Group, number 33044.
    4. World Bank, 2020. "Global Economic Prospects, June 2020," World Bank Publications - Books, The World Bank Group, number 33748.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    international trade; global demand and supply patterns; multilateralism; development economics; Global North and Global South;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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