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Новата Природа На Международната Специализация В Динамично Променящото Се Световно Стопанство
[The new nature of international specialization in the dynamically changing world economy]

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  • Marinov, Eduard

Abstract

Along with the dynamic transformations associated with the failure of multilateralism, the transformation of global demand patters and the return to protectionism, global trade is undergoing dynamic changes related to the fragmentation of the production process and the integration of emerging economies into global markets. These trends have an impact on both trade and production specialization and the demand for different types of skills, thus enabling greater profits to be made, but also posing new challenges for trade policy. Changes in specialization globally also contribute to increasing inequality, redirecting demand from one factor of production to another, leading to changes in relative wages between and in different categories of labor. The report briefly traces the main trends in trade and specialization, then analyzes the changing nature of international specialization and the relationship between trade policy, trade and specialization, and finally presents several scenarios for the development of trade and specialization until 2060.

Suggested Citation

  • Marinov, Eduard, 2019. "Новата Природа На Международната Специализация В Динамично Променящото Се Световно Стопанство [The new nature of international specialization in the dynamically changing world economy]," MPRA Paper 113479, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:113479
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    More about this item

    Keywords

    trade specialization; trade policy; protectionism; multilateralism; shifting patters of demand;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F10 - International Economics - - Trade - - - General
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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