Transformation of International Trade in the Context of Modern Shocks

This study provides an assessment of the mechanisms and directions of transformation of international trade in the context of modern challenges of global economic development. Analysis of the latest trends in the dynamics of global trade indicates an increase in its heterogeneity in the context of participating countries and traded goods, which is largely due to the growing use of new restrictive measures in trade. The key factors affecting international trade in the context of increasing geopolitical tensions in the world are formulated. Controversial issues regarding the formation of a new international trade regime are discussed, which allowed us to draw conclusions about its gradual departure from the priorities of liberalism and economic globalization. New determinants of the transformation of international trade are identified due to a more aggressive trade policy and taking into account the growing concentration of export markets. The special role of the volatility of commodity raw materials markets in the transformation of modern international trade is shown.