The relationship between international trade relations and regional development : a comprehensive analysis and assessment of influencing factors

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dc.contributor.authorSirenko, Pavlo
dc.contributor.authorBalian, Izolda
dc.contributor.authorMartyniak, Iryna
dc.contributor.authorMalakhova, Tetiana
dc.contributor.authorBakushevych, Ivanna
dc.date.accessioned2025-03-14T09:45:01Z
dc.date.available2025-03-14T09:45:01Z
dc.date.issued2024
dc.descriptionPublisher Copyright: © 2024 Malque Publishing. All rights reserved.
dc.description.abstractThe evolution of the phenomenon of regionalization in old and new regionalism, regional trade agreements and their features (RTAs) is traced based on the provisions of regional science and trade relations, and it is shown that the emergence of numerous RTAs is one of the most significant trends in the modern development of international trade. Theoretical aspects of the influence of regional trade on regional development are considered, in particular within the growth of GDP. On the example of various regions (in particular, Asia-Pacific region, North American continent, South Africa), it is demonstrated that RTAs, as well as free trade areas (FTA) stimulate economic growth in participating countries through increased trade, economies of scale, knowledge and technology transfer. Moreover, it is concluded that the growing trend of regionalization contributes, on the one hand, to strengthening the processes of globalization, on the other hand, to the isolation of integration groupings from the world market and increasing their independence from external demand, allowing participating countries to resist emerging crises and economic shocks.en
dc.description.statusPeer reviewed
dc.format.extent12
dc.format.extent490051
dc.identifier.citationSirenko, P, Balian, I, Martyniak, I, Malakhova, T & Bakushevych, I 2024, 'The relationship between international trade relations and regional development : a comprehensive analysis and assessment of influencing factors', Multidisciplinary Science Journal, vol. 6, e2024ss0220. https://doi.org/10.31893/multiscience.2024ss0220
dc.identifier.doi10.31893/multiscience.2024ss0220
dc.identifier.issn2675-1240
dc.identifier.urihttps://dspace.rsu.lv/jspui/handle/123456789/17175
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=85188280233&partnerID=8YFLogxK
dc.language.isoeng
dc.relation.ispartofMultidisciplinary Science Journal
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectgrowth
dc.subjectregional development
dc.subjectregional trade agreements
dc.subjectregionalization
dc.subjecttrade relations
dc.subjectWTO
dc.subject5.2 Economy and Business
dc.subject1.1. Scientific article indexed in Web of Science and/or Scopus database
dc.subjectGeneral
dc.subjectSDG 8 - Decent Work and Economic Growth
dc.titleThe relationship between international trade relations and regional development : a comprehensive analysis and assessment of influencing factorsen
dc.type/dk/atira/pure/researchoutput/researchoutputtypes/contributiontojournal/article

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