Directions of digital transformation of international trade in services in the context of the global crisis

Abstract

International trade is an integral part of the economy of any country. In recent decades, the role of various services in the structure of international exchange has increased. Their range is expanding under the influence of the scientifc and technological revolution, which leads to signifcant changes in this area. At the same time, the regimes of international trade in services, as well as approaches to its national and multilateral regulation, are becoming more complex. All areas of activity, including cross-border service provision, are transforming in a rapidly changing world. In the context of the pandemic, the “digit” has become widespread, and the urgency of streamlining and further developing the international exchange of services has increased. Digitalisation, which has become one of the key features of the development of the world economy in the last decade, has accelerated the development of the service sector, but also contributed to the formation of new challenges for the development of trade in services. The digital transformation of international trade is shaping the new “digital realities” of the industry. Statistics from the ofcial regulators of international trade confrm these changes. The paper analyzes the dynamics of changes in international trade in services in the context of the global crisis and the impact of digitalization on it. The article shows how new patterns of international exchange of services are formed in the context of increased economic interdependence of countries.

Keywords

• international trade in services
• digitalisation
• digital transformation
• pandemic
• global crisis
• global value chains
• artifcial intelligence
• information technology