INTERNATIONAL TRADE IN THE CONDITIONS OF GLOBAL TRANSFORMATIONS
DOI:
https://doi.org/10.31617/3.2024(133)02Keywords:
global political changes, foreign trade, alliances, trade policy, consequences, analysis, economic impact, protectionism, tariffs, international relations, supply chains, market access, globalization, trade barriers.Abstract
This article explores the impact of global changes on alliance strategies and trade policy in the context of todayʼs global landscape. It has been examined how companies and states are adapting to new challenges and opportunities arising from geopolitical upheavals, economic instability, and technological innovation. The key trends, strategic solutions and examples of best practices in the field of alliances and trade policy in the era of global shifts have been revealed. Understanding the impact of global shifts on foreign trade, including changing alliances and trade policies, is critical to developing the scientific basis and developing strategies to manage the conditions of the global economy. The goal of the study is to identify such influences and develop practical recommendations for adaptation and innovation in the changing global trade environment. In the course of the study, a hypothesis was put forward, that global changes significantly affect the dynamics of foreign trade, creating new challenges and opportunities for business and politicians. The research methodology is based on collected theoretical and statistical data, their analysis and comparative assessment to study and draw conclusions about the impact of global shifts on alliances and trade policy in the field of marketing and international relations. According to the results of the study, it was concluded that the changing landscape of international alliances and the revival of protectionist policies lead to disruptions in global supply chains, the growth of trade barriers and tensions between globalization and deglobalization processes. The study also identifies strategies that government, business and other stakeholders can adopt to adapt to the changing trade environment, including diversifying trading partners, investing in emerging markets and promoting regional cooperation. The article highlights the importance of understanding the impact of global political changes on foreign trade and emphasizes the need for business and policymakers to remain flexible and adaptable in the face of new challenges and opportunities. The changing global political order, characterized by shifts in alliances and changes in trade policy, creates both challenges and opportunities, which directly affects the economic stability of countries, the business operations of transnational corporations, and the general state of the global economy.
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