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National Interests: Priorities and Security
 

Global services market: New realities

Vol. 20, Iss. 11, NOVEMBER 2024

Received: 21 March 2024

Received in revised form: 12 April 2024

Accepted: 23 May 2024

Available online: 18 November 2024

Subject Heading: CHALLENGES OF GLOBALIZATION AND THEIR IMPLICATIONS

JEL Classification: F14, F17, F18, O14

Pages: 2179-2198

https://doi.org/10.24891/ni.20.11.2179

Galina V. KUZNETSOVA Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation
gkuznet3@gmail.com

https://orcid.org/0000-0001-5370-9732

Ol'ga N. BABURINA Admiral Ushakov Maritime State University (AUMSU), Novorossiysk, Russian Federation
olgababurina@mail.ru

https://orcid.org/0000-0003-1618-0483

Galina V. PODBIRALINA Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation
galvp@mail.ru

https://orcid.org/0000-0002-1281-0508

Subject. This article discusses the role of maritime transport services in ensuring world trade turnover.
Objectives. The article aims to identify new factors, trends and prospects for the development of world trade in services in the context of technological and geopolitical transformations.
Methods. For the study, we used statistical analysis and grouping.
Results. The article finds that fundamental changes in the global services market are taking place under the influence of digitalization, the green agenda, and due to the transformation of the essence of the Service notion, which is characterized by immateriality and intangibility. The species structure and geography of the world services market have also changed.
Conclusions. The transformation of the global services market, which is developing in line with the general objective processes caused by the Fourth Industrial Revolution, is being destructively influenced by geopolitical factors that disrupt global value chains and increase uncertainty. Understanding these processes will help business and government agencies better adapt their actions to the next normal.

Keywords: international trade in services, maritime transport, international transport service market, digitalization, climate agenda

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