E-Management (May 2019)
Parameters of development and regulation of the international digital trade at the present stage
Abstract
The main aspects of development of the international digital trade in modern conditions have been analysed and systematized in the article. Under the influence of new digital technologies more and more companies are involved in international trade, and economic activity within global value chains becomes more and more operated. Impact of digital transformation on the international exchange in the conditions of digital globalization has been estimated. At a new stage of economic globalization development of digital trade becomes an alternative to delay of traditional exchange. The international approaches to classification and measurement of objects of digital trade have been generalized. It has been shown, that cross-border electronic commerce becomes more active, but not less intensively international trade in services on the basis of information and communication technologies also develops. The main challenges, facing multilateral and national regulation of electronic commerce and digital trade in goods and services, have been revealed. It has been established, that ensuring openness of the markets remains one of the major barriers to effective development of cross-border digital trade. The conclusion has also been drawn, that digitalization will lead in the long term to decrease in cost of international trade, and in these conditions, a significant role will be played by small and medium-sized enterprises, actively integrated into global digital platforms. In this regard, countries need to create adequate mechanisms of regulation of foreign trade in digital goods and services. Creation of an effective system of multilateral regulation of the international exchange in the conditions of digitalization is also significant. The main tools of this system should be protection of investments of the companies and creation of an effective system of settlement of investment and trade disputes, but not regulation of rules of access to the market.
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