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TRANSFORMATION IN THE ROLE OF RAW MATERIALS IN THE GLOBAL ECONOMY: NEW OPPORTUNITIES FOR RUSSIA

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The author considers the factors and difficulties of involving raw materials in international trade at the present stage. The necessity of developing new approaches to assessing the possibilities and effects… Click to show full abstract

The author considers the factors and difficulties of involving raw materials in international trade at the present stage. The necessity of developing new approaches to assessing the possibilities and effects of including resources in the global turnover against the backdrop of globalization challenges is shown. It is noted that the transformation of the model of world economic development reinforces attention to the resource supply factor of the modern world economy and helps to increase its role in the field of interaction of economic and political power vectors. It is determined that the technology of resource management in the global economy provides for the optimization of the processes of forming the resource base and improving the management of resource flows. It has been revealed that the problem of finding new approaches to improving the management of resource 159 МИРОВАЯ ЭКОНОМИКА И МЕЖДУНАРОДНЫЙ ОПЫТ flows, especially raw materials, in the modern world economy is becoming particularly relevant against the background of the emergence of new technologies in resource extraction, the introduction of innovations in organizing the delivery of resources to their places of consumption and reducing the efficiency of existing business models. Some aspects of the application of soft calculations and measurements in the management of raw resource flows are presented. The characteristic is given to the system of socio-economic ratings of countries. The ratings that evaluate the raw material resource flows are considered. Combined ratings are proposed for use in the management of raw material resource flows. It is noted that the competitive advantages of the economies of countries, integration associations, individual areas of production in modern conditions largely depend on their involvement in the processes of international specialization. It is posed the problem of effective countries supplying raw materials for participation in value chains. Particular attention is paid to identifying opportunities for improving the activities of Russian companies in world commodity markets.

Keywords: raw materials; resource flows; resource; management; global economy

Journal Title: Economic Systems
Year Published: 2020

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