DIGITAL TRANSFORMATION OF INTERNATIONAL TRADE

Abstract

In the contemporary world, with all its challenges, it is difficult to detect trends in any field. The rapid development of information technologies has caused a huge wave of information, which in turn has affected the methods of its processing and transformation. As a result, new concepts and new economic models emerged. As far as the subject of the article is concerned, it is clear that the dogmatism of traditional trade is exhausted and is turning into a new model. This phenomenon, called digitalization, has penetrated all areas of human society but the most important thing is that it has affected the main branch of human society, trade. The given article outlines ideas and concepts that reveal this process of transforming traditional commerce into a digital model, giving explanations of main criteria that affect this process and forecasting trends that will prevail in the promising future in which the transformation of the traditional trade model will be completed.

Keywords

• e-commerce
• digitalization
• e-services