Intellectual dimension of international trade

Authors

  • Andrey Nikolaevich Spartak Russian Foreign Trade Academy

Keywords:

intellectual dimension, intangible capital, GDP, science, education, technologies, intellectual property, educational services, export

Abstract

The article reveals foundations and trends for the increasing role of intellectual component in international trade nowadays. In the knowledge-based economy greater financial resources are allocated to science and education with larger inputs of intangible capital, various intellectual and creative assets into creation of public wealth, and hence higher value added in the global economy and trade. International exchange in technologies, intellectual property, science-based and intellectual services, cultural and creative industries’ services has been buoyant, notably outpacing that of the world GDP. International education market is used as a case for demonstrating new intellectual drivers of international trade development and its increasing socio-humanitarian context. Basing on international experience, the author concludes that improvement of educational services’ exports is a major opportunity to modernize substantially the country’s international specialisation.

Author Biography

Andrey Nikolaevich Spartak, Russian Foreign Trade Academy

Corresponding member of the Russian Academy of Sciences, Doctor of Economic Sciences, Honored Worker of Science of RF
Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Pudovkina, 4A), Department of international trade and foreign trade of the RF – the Head

Published

2024-02-08

How to Cite

Spartak, A. N. (2024). Intellectual dimension of international trade. Russian Foreign Economic Journal, (4), 7–24. Retrieved from https://journal.vavt.ru/rfej/article/view/2391

Issue

Section

Foreign trade activity