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International Trade Development After the Global Financial Crisis

Author

Listed:
  • Cvetnen Cvetkov

    (University of Economics - Varna, Varna, Bulgaria)

  • Evangelos Katsikudis

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

The report focuses on an environment influenced by the global economic crisis of 2008-2010, the past global health crisis and Russia's subsequent military invasion of Ukraine. These three factors generate disastrous consequences in their wake, and a number of state models are unprepared for them. However, international trade managed to recover extremely quickly from the effect of the crises and generate growth already in 2021 on a number of its indicators. A point of view has been formed summarizing the importance of multiple participants in the economic system, especially the largest economies, but also the role of international cooperation in the field to achieve real results and provide aid to countries in need.

Suggested Citation

  • Cvetnen Cvetkov & Evangelos Katsikudis, 2022. "International Trade Development After the Global Financial Crisis," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 11(2), pages 57-63, August.
    • Handle: RePEc:vra:journl:v:11:y:2022:i:2:p:57-63
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    File URL: http://su-varna.org/journal/IJUSV-ESS/2022.11.2/57-63.pdf
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    More about this item

    Keywords

    Covid-19; international trade; sustainable development; global economic crisis; global issues.;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

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