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Evolution of global trade after the crisis of 2008

Kundera Jarosław

Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska

2020

z. 149

383--399

Purpose: The article deals with the problems of structural changes in the international division of labour. Design/methodology/approach: The study used the world trade statistics and reports by WTO. Findings: The purpose of this article is to analyse the evolution of global international trade after the crisis of 2007 with a view to find out the new balance between sectors and individual partners. It concludes that after 2007, the international exchange was growing by increasing the demand for technologically advanced products, diversity and services. Trade development increased the position of New Industrial Countries in international division of labour due to global value chains. Originality/value: The publication verifies the theories of international trade, while at the same time giving a response to the thesis concerning which theories correspond to modern reality.