Parameters of development and regulation of the international digital trade at the present stage

The main aspects of development of the international digital trade in modern conditions have been analysed and systematized in the article. Under the influence of new digital technologies more and more companies are involved in international trade, and economic activity within global value chains be...

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Main Author: E. N. Smirnov
Format: Article
Language:Russian
Published: State University of Management 2019-05-01
Series:E-Management
Subjects:
Online Access:https://e-management.guu.ru/jour/article/view/30
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author E. N. Smirnov
author_facet E. N. Smirnov
author_sort E. N. Smirnov
collection DOAJ
description The main aspects of development of the international digital trade in modern conditions have been analysed and systematized in the article. Under the influence of new digital technologies more and more companies are involved in international trade, and economic activity within global value chains becomes more and more operated. Impact of digital transformation on the international exchange in the conditions of digital globalization has been estimated. At a new stage of economic globalization development of digital trade becomes an alternative to delay of traditional exchange. The international approaches to classification and measurement of objects of digital trade have been generalized. It has been shown, that cross-border electronic commerce becomes more active, but not less intensively international trade in services on the basis of information and communication technologies also develops. The main challenges, facing multilateral and national regulation of electronic commerce and digital trade in goods and services, have been revealed. It has been established, that ensuring openness of the markets remains one of the major barriers to effective development of cross-border digital trade. The conclusion has also been drawn, that digitalization will lead in the long term to decrease in cost of international trade, and in these conditions, a significant role will be played by small and medium-sized enterprises, actively integrated into global digital platforms. In this regard, countries need to create adequate mechanisms of regulation of foreign trade in digital goods and services. Creation of an effective system of multilateral regulation of the international exchange in the conditions of digitalization is also significant. The main tools of this system should be protection of investments of the companies and creation of an effective system of settlement of investment and trade disputes, but not regulation of rules of access to the market.
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spelling doaj.art-46c5fa43c45f4cfd99a30c052d106c572024-04-22T08:32:47ZrusState University of ManagementE-Management2658-34452686-84072019-05-0121788410.26425/2658-3445-2019-1-78-8430Parameters of development and regulation of the international digital trade at the present stageE. N. Smirnov0State University of Management»The main aspects of development of the international digital trade in modern conditions have been analysed and systematized in the article. Under the influence of new digital technologies more and more companies are involved in international trade, and economic activity within global value chains becomes more and more operated. Impact of digital transformation on the international exchange in the conditions of digital globalization has been estimated. At a new stage of economic globalization development of digital trade becomes an alternative to delay of traditional exchange. The international approaches to classification and measurement of objects of digital trade have been generalized. It has been shown, that cross-border electronic commerce becomes more active, but not less intensively international trade in services on the basis of information and communication technologies also develops. The main challenges, facing multilateral and national regulation of electronic commerce and digital trade in goods and services, have been revealed. It has been established, that ensuring openness of the markets remains one of the major barriers to effective development of cross-border digital trade. The conclusion has also been drawn, that digitalization will lead in the long term to decrease in cost of international trade, and in these conditions, a significant role will be played by small and medium-sized enterprises, actively integrated into global digital platforms. In this regard, countries need to create adequate mechanisms of regulation of foreign trade in digital goods and services. Creation of an effective system of multilateral regulation of the international exchange in the conditions of digitalization is also significant. The main tools of this system should be protection of investments of the companies and creation of an effective system of settlement of investment and trade disputes, but not regulation of rules of access to the market.https://e-management.guu.ru/jour/article/view/30international tradedigital tradedigitalizationdigital transformationscientific and technical progresselectronic commerce
spellingShingle E. N. Smirnov
Parameters of development and regulation of the international digital trade at the present stage
E-Management
international trade
digital trade
digitalization
digital transformation
scientific and technical progress
electronic commerce
title Parameters of development and regulation of the international digital trade at the present stage
title_full Parameters of development and regulation of the international digital trade at the present stage
title_fullStr Parameters of development and regulation of the international digital trade at the present stage
title_full_unstemmed Parameters of development and regulation of the international digital trade at the present stage
title_short Parameters of development and regulation of the international digital trade at the present stage
title_sort parameters of development and regulation of the international digital trade at the present stage
topic international trade
digital trade
digitalization
digital transformation
scientific and technical progress
electronic commerce
url https://e-management.guu.ru/jour/article/view/30
work_keys_str_mv AT ensmirnov parametersofdevelopmentandregulationoftheinternationaldigitaltradeatthepresentstage