New global development conditions of international economic relations: reforming directions

Abstract

The study analyzes the latest trends in the reform of international economic relations, especially global trade and capital flows worldwide. It also analyzes the opportunities and limitations of Russia’s participation in international economic reform processes in the interests of the national economy and foreign trade. The main purpose of the study is to identify emerging trends in global economy and international relations at the present stage and define the opportunities for Russia’s participation in the new processes. The main objectives of the study are: a) to identify the main factors and areas of transformation of international economic relations; b) to determine possible directions of reforming various sectors of the global economy; c) to study potential shifts in the balance of power and interests in the global economy at different levels i.e. country, region and global; d) to identify opportunities and limitations for the Russian Federation to participate in the processes of transformation of international economic relations with regard to national interests; e) to reveal the main directions of Russia’s interaction with various groups of countries and international organizations under the new conditions. Special attention is given to the reform of global value chains, transformation of world trade and shifts in the balance of power in international economic relations. Finally, the study provides an expert assessment of the problem of maintaining the market status of the Russian economy and practical recommendations for a possible solution of this issue.

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