Trends of Development of International Trade in Goods in 19902008

DOI: 10.20542/0131-2227-2011-2-36-47

V. Sokolov, The Central Bank of the Russian Federation, 12, Neglinnaya Str., Moscow, 107016, Russian Federation (

Abstract. In today's world there are three centers of industrial production: Western Europe, North America and East Asia. These regions account for the lion's share of world exports of industrial products. The financial crisis of 2008-2009 exerted major negative impact on the growth of international trade in these products. The article examines the trade in certain branches of engineering products in 1990-2000, the influence of the global crisis on international trade, as well as the balance of payments problems of major countries and regions of the world.

Keywords: trade in industrial products, exports, imports, machine-building, cooperation, vertically integrated structures, trade flows, intermediate products, crisis, deficit, imbalances

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For citation:
Sokolov V. Trends of Development of International Trade in Goods in 19902008. World Eonomy and International Relations, 2011, no. 2, pp. 36-47.

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