Changes in International Clothing Trade and MNCs in the Fashion Market

Authors

  • Yuri Anatolievich Savinov Russian Foreign Trade Academy
  • Igor Borisovich Dolzhenko DELTA CONSULTING LLC

DOI:

https://doi.org/10.24412.2072-8042-2022-9-107-120

Keywords:

Multinational corporations, MNCs, fashion industry, international trade, clothing, GVCs, global value chains, globalization

Abstract

The article is devoted to the issues of international clothing trade and the activities of MNCs in the fashion industry. A study of the changes in the volumes and dynamics of exports and imports of clothing was carried out. It was proved that multinational companies (MNCs) play an important role in the international clothing trade, forming the main trends in the market for fashionable goods - clothes, shoes, and accessories. The growing influence of global value chains (GVCs) created and managed by MNCs on the dynamics and structural shifts in international trade in clothing and other fashion items is revealed. The conjunctural and non-cyclical factors influencing the dynamics and directions of foreign trade flows in clothing trade were studied.

Author Biographies

Yuri Anatolievich Savinov, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor, Russian Foreign Trade Academy,
Department of International Trade and Foreign Trade of RF - Professor

Igor Borisovich Dolzhenko, DELTA CONSULTING LLC

General Director
DELTA CONSULTING LLC

Published

2024-01-26

How to Cite

Savinov, Y. A., & Dolzhenko, I. B. (2024). Changes in International Clothing Trade and MNCs in the Fashion Market. Russian Foreign Economic Journal, (9), 107–120. https://doi.org/10.24412.2072-8042-2022-9-107-120

Issue

Section

International trade