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Trends of Development of International Trade in Goods in 1990–2008

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Rubric: Economy, Economic Theory
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 (svv7@cbr.ru)

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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 1990–2008. World Eсonomy and International Relations, 2011, No 2, pp. 36-47. https://doi.org/10.20542/0131-2227-2011-2-36-47

Contents World Eсonomy and International Relations. 2011, No 2

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