Foreign Trade as a Vector of Economic Growth in the Globalizing World

  • Elena G. Popkova
  • Yakov A. Sukhodolov
Part of the Contributions to Economics book series (CE)


This chapter views theoretical aspects and the evolution of the establishment of international trade, as well as determining the role of foreign trade in the development of national economies under modern conditions. The authors analyse various definitions of the notion “trade”, determine the role of trade in the sectorial structure of gross domestic product (GDP), study the definitions of the notion “service”, view the main characteristics of internal trade and the structure of foreign economic activities, and determine the methods of organization of foreign trade and the most significant types of risks in foreign trade.

The authors also study the processes of globalization, the deepening of internationalization of economic life, transnationalization, the appearance of a large number of international organizations and integration associations, and the development of foreign economic relations in general and foreign economic contacts in particular. The chapter views the theory of closed and open economies, and the sense of tariff and non-tariff limitations, analyses the history of the establishment of international economic relations, and the policy of import substitution, as well as determining the main pros and cons of the model of export orientation. The authors study distinctive features of the modern global economy, study dynamics of foreign trade turnover in selected countries, dynamics of export and import, trade balance, GDP and GDP per capita, changes in export and import quotas, direct foreign investments, and the number of transnational corporations.


Direct Foreign Investment Gross Domestic Product Foreign Trade Import Quota Export Quota 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. Delgado M, Porter M, Stern S (2012) Clusters, convergence, and economic performance. U.S. Census Bureau Center for Economic Studies Paper No. CES-WP-10-34Google Scholar
  2. Edward (2012) The Triumph of the city. Penguin Publishing, New York, NYGoogle Scholar
  3. Klinov VG (2015) The evolution of long waves in the world economy. Stud Russ Econ Dev 26(3):285–294CrossRefGoogle Scholar
  4. Knyazeva EN (1998) Complex systems and non-linear dynamics in nature and society. Issues Philos (4):140Google Scholar
  5. Maswana J-C, Farooki M (2013) African economic growth prospects: a resource curse perspective. Appl Econ Int Dev 13(2):173–190Google Scholar
  6. Othman J, Jafari Y, Sarmidi T (2014) Economic growth, foreign direct investment, macroeconomic conditions and sustainability in Malaysia. Appl Econ Int Dev 14(1):213–223Google Scholar
  7. Popkova EG (2013) Marketing strategy to overcome the “underdevelopment whirlpool” of the Volgograd region. In: 11th EBES Conference. Ekaterinburg (Ekaterinburg, Russia, September 12–14, 2013): Proceedings. The Institute of Economics Ural Branch of Russian Academy of Sciences, Istanbul, Turkey, pp 52–61Google Scholar
  8. Popkova EG, Tinyakova VI (2013a) New quality of economic growth at the present stage of development of the world economy. World Appl Sci J 24(5):617–622Google Scholar
  9. Popkova EG, Tinyakova VI (2013c) Drivers and contradictions of formation of new quality of economic growth. Middle East J Sci Res 15(11):1635–1640Google Scholar
  10. Popkova EG, Tinyakova VI (2013d) Dialectical methodology of analysis of economic growth. World Appl Sci J 24(4):467–475Google Scholar
  11. Popkova EG, Zubakova NN, Bogdanov DV, Yakovleva EA, Nebesnay AY (2013a) Measurement of economic growth as a factor of development of strategies of economic transformation. World Appl Sci J 25(2):264–269Google Scholar
  12. Popkova EG, Morkovina SS, Patsyuk EV, Panyavina EA, Popov EV (2013c) Marketing strategy of overcoming of lag in development of economic systems. World Appl Sci J 56(5):591–595Google Scholar
  13. Popkova EG, Akopova ES, Budanova IM, Natsubidze AS (2013d) The directions of transition of economic systems to new quality of economic growth. World Appl Sci J 26(9):1180–1184Google Scholar
  14. Scott AJ (2012) A World in emergence: cities and regions in the 21st century. Edward Elgar Publishers, CheltenhamCrossRefGoogle Scholar
  15. Wamboye E, Adekola A (2013) Can small and medium multinational enterprises offer an alternative to multinational corporations in African countries? Evidence from Nigeria. Int J Econ Policy Emerg Econ 6(3):279–295Google Scholar
  16. Hill TP (1977) On goods and services. Rev Income Wealth 23:315–338CrossRefGoogle Scholar
  17. Дoклaд ceкpeтapиaтa Кoнфepeнции OOH пo тopгoвлe и paзвитию. Hью-Йopк, OOH, 1987. C. 193Google Scholar

Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Elena G. Popkova
    • 1
  • Yakov A. Sukhodolov
    • 2
  1. 1.Volgograd State Technical UniversityVolgogradRussia
  2. 2.Baikal State UniversityIrkutskRussia

Personalised recommendations