Economic Rationale for Manifestations of Asymmetry in the Global Trading System

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dc.contributor.authorTananaiko, Tetiana
dc.contributor.authorТананайко, Тетяна С.
dc.contributor.authorYatsenko, Olha
dc.contributor.authorЯценко, Ольга Миколаївна
dc.contributor.authorЯценко, Ольга Николаевна
dc.contributor.authorOsypova, Olha
dc.contributor.authorОсипова, Ольга Ігорівна
dc.contributor.authorОсипова, Ольга Игоревна
dc.contributor.authorNitsenko, Vitalii
dc.contributor.authorНіценко, Віталій С.
dc.contributor.authorBalezentis, Tomas
dc.contributor.authorStreimikiene, Dalia
dc.date.accessioned2023-04-25T12:32:59Z
dc.date.available2023-04-25T12:32:59Z
dc.date.issued2023
dc.description.abstractThe interconnected global trading system has proved to be both vulnerable and resistant to crises, despite its asymmetries. The global trading system is constantly changing under the influence of such factors as the digitalization of economic processes and the growing number of nontariff measures to regulate trade volumes, including trade protection measures introduced by countries in order to ensure national economic interests etc. This article analyzes the impact of the tariff and nontariff instruments of export and import regulation on the asymmetries of the global trading system across countries and separate customs territories, depending on their presence in geographical regions or groups of countries associated with different levels of economic development. In order to quantify the possible asymmetries in the global trading system, analysis of variance and regression analysis are applied to explain the variance in the volume of global trade. The regression models for the dependence of export volumes on a number of trade indicators are fitted for developed, developing, and least-developed countries alongside the global trading system as a whole. The research showed that asymmetries of the global trading system exist on the global, regional and bilateral levels. In this research, two types of asymmetries are discussed: asymmetry directly and indirectly linked to international trade processes. To ensure economic development, the global trading system must be modernized so as to reduce the asymmetry. Accordingly, in order to increase effectiveness of the World Trade Organization, suggestions are proposed in regards to reconsidering trade-dispute settling, improving the monitoring of members’ obligations, increasing negotiation process efficiency and defining criteria for categorizing members according to their economic development.uk_UA
dc.identifier.citationEconomic Rationale for Manifestations of Asymmetry in the Global Trading System [Electronic resource] / Tetiana Tananaiko, Olha Yatsenko, Olha Osypova [et al.] // Sustainability. – Electronic text data. – 2023. – № 15, 5316. – Title from screen. – Mode of access: https://www.mdpi.com/2071-1050/15/6/5316. 2071-1050 MDPIuk_UA
dc.identifier.issn2071-1050
dc.identifier.urihttps://ir.kneu.edu.ua:443/handle/2010/39958
dc.language.isoenuk_UA
dc.publisherMDPIuk_UA
dc.subjectglobal trading systemuk_UA
dc.subjecteconomic sustainabilityuk_UA
dc.subjectanalysis of varianceuk_UA
dc.subjecteconometric analysisuk_UA
dc.subjectregional trade agreementsuk_UA
dc.subjectlevel of customs ratesuk_UA
dc.subjectnontariff trade measuresuk_UA
dc.subjecteconomic developmentuk_UA
dc.titleEconomic Rationale for Manifestations of Asymmetry in the Global Trading Systemuk_UA
dc.typeArticleuk_UA
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