INFLUENCE OF POLITICAL RELATIONS ON FOREIGN TRADE TRADE OF SPECIAL PURPOSE PRODUCTS

International trade is the main driving force of economic development. It appears as a sphere of international economic relations and is formed from trade in goods and services from all countries of the world. However, international trade is most influenced by political relations in the world. The model of behavior on the political scene in the last thirty years is based on setting unacceptable conditions in the political, economic and military segments, which deviate from defined and generally accepted international relations, neglect of interests and gross interference in the internal affairs of small and underdeveloped countries. In the context of the above, the export of special purpose products (weapons and military equipment) has become a problematic economic activity. On the one hand, Western countries, led by the United States of America (USA), are supplying weapons and military equipment to Ukraine as "help in curbing Russian aggression." On the other hand, countries like Serbia are in an unenviable situation because they have something to export, but it is impossible due to the happenings on the political scene. Since Russia and Ukraine did not recognize the independence of Kosovo, Serbia cannot export weapons and military equipment to those countries, so it is forced to turn to other markets and customers.

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Publication Details

Journal
Oditor - casopis za Menadzment finansije i pravo
Published
2024-12-31
DOI
https://doi.org/10.59864/oditor12403es
Primary Topic
Global Trade and Competitiveness
Type
article
Field-Weighted Citation Impact
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article

INFLUENCE OF POLITICAL RELATIONS ON FOREIGN TRADE TRADE OF SPECIAL PURPOSE PRODUCTS

Vlado Radić, Nikola Radić, Emir Smajilović
Oditor - casopis za Menadzment finansije i pravo
Global Trade and Competitiveness
article

INFLUENCE OF POLITICAL RELATIONS ON FOREIGN TRADE TRADE OF SPECIAL PURPOSE PRODUCTS

Vlado Radić, Nikola Radić, Emir Smajilović
article en

Abstract

International trade is the main driving force of economic development. It appears as a sphere of international economic relations and is formed from trade in goods and services from all countries of the world. However, international trade is most influenced by political relations in the world. The model of behavior on the political scene in the last thirty years is based on setting unacceptable conditions in the political, economic and military segments, which deviate from defined and generally accepted international relations, neglect of interests and gross interference in the internal affairs of small and underdeveloped countries. In the context of the above, the export of special purpose products (weapons and military equipment) has become a problematic economic activity. On the one hand, Western countries, led by the United States of America (USA), are supplying weapons and military equipment to Ukraine as "help in curbing Russian aggression." On the other hand, countries like Serbia are in an unenviable situation because they have something to export, but it is impossible due to the happenings on the political scene. Since Russia and Ukraine did not recognize the independence of Kosovo, Serbia cannot export weapons and military equipment to those countries, so it is forced to turn to other markets and customers.

Oditor - casopis za Menadzment finansije i pravoVol. 10(3)
Institute of Agricultural Economics Belgrade (RS), Micro Focus (United States) (US)
Openalex Percentile: Top 54%
Global Trade and Competitiveness
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INFLUENCE OF POLITICAL RELATIONS ON FOREIGN TRADE TRADE OF SPECIAL PURPOSE PRODUCTS — Vlado Radić, Nikola Radić, et al. · Oditor - casopis za Menadzment finansije i pravo (2024) | TGRS Research Map | TGRS