National Interests: Priorities and Security
 

Classifying the foreign trade cooperation of the world core and periphery through the lens of the global economic transformation

Vol. 14, Iss. 9, SEPTEMBER 2018

Received: 7 May 2018

Received in revised form: 30 May 2018

Accepted: 21 June 2018

Available online: 14 September 2018

Subject Heading: INTERNATIONAL ECONOMIC RELATIONS

JEL Classification: F01, F02, F52

Pages: 1745–1761

https://doi.org/10.24891/ni.14.9.1745

Malakhova T.S. Kuban State University (KubSU), Krasnodar, Krasnodar Krai, Russian Federation
malakhovats@mail.ru

ORCID id: not available

Importance Today the world experiences large-scale transformation processes, especially economic ones. Geopolitical tensions grow stronger, with causes of the global financial crisis still remaining afoot. It is necessary to form a new theoretical and methodological framework to respect interests of not only global leaders, but also those ones in the periphery.
Objectives I devise a classification of foreign trade interaction of core and periphery countries during the global instability.
Methods The research employs historic-logic, dialectical principles and controversies, scientific abstraction method, which help flag key issues of foreign trade between core and periphery countries.
Results I propose my own classification of foreign trade interaction between economic leaders and emerging countries, considering the crisis of the neoliberalism model, which indeed offers new classification traits. Therefore, I forecast the mid- and long-term economic development of the world periphery under a new geoeconomic order of the world.
Conclusions and Relevance Under the current circumstances, the way core and periphery countries cooperate in foreign trade significantly changes. However, the expansion and growth of emerging economies are driven by multinational companies and banks, international organizations and financial institutions from the world core. This requires new mechanisms be built to protect periphery countries, find new forms of their foreign trade with developed nations in the mid- and long run. The findings may underlie further researches into foreign trade relationships between core and periphery countries as the multipolar world order arises.

Keywords: core-periphery, classification, global economy, crisis

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