The WTO crisis as an expression of the global geoeconomic landscape structural shift

Authors

E. V. Sapir
P. G. Demidov Yaroslavl State University, Russian Federation
A. D. Vasilchenko
P. G. Demidov Yaroslavl State University, Russian Federation

Abstract

The crisis of the WTO system seems to be a complex phenomenon arising from structural changes in the world trade system: the expansion of regional trade agreements, trade wars and access problems to agricultural markets in developed countries more than convincingly indicate that the global trade landscape is undergoing a significant stage of modification, and under these conditions, the WTO in its original form ceases to be a relevant trade mega-regulator.

Keywords

payment-clearing system of international calculations, universal currency, “notional monetary unit”, innovations, mechanisms of trade regulation

Authors Info

E. V. Sapir

Doctor of Economics, Professor, Head of World Economy and Statistics Department at P. G. Demidov Yaroslavl State University

A. D. Vasilchenko

Bachelor student of World Economy and Statistics Department at P. G. Demidov Yaroslavl State University

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Article Details

Issue

2020 · No. 2 (58)

Section

Global Economy

Publication History

Published 2020-06-17

How to Cite

[1]
Sapir E.V., Vasilchenko A.D. The WTO crisis as an expression of the global geoeconomic landscape structural shift // Economics: Theory and Practice. 2020. No 2 (58). С. 17–22. URL: https://etip.kubsu.ru/article/view/529

License

Copyright (c) 2025 E. V. Sapir, A. D. Vasilchenko

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This work is licensed under a Creative Commons Attribution 4.0 International License.