Title: Challenges and benefits of international trade on developed and transitional economies and individual companies: a case study

Authors: Sameer Kumar

Addresses: College of Business, University of St. Thomas, Mail # TMH 343, 1000 LaSalle Avenue, Minneapolis, MN 55403–2005, USA

Abstract: This paper evaluates the effects of international trade on developed and transitional economies and individual companies using empirical and qualitative analyses. Multiple regression analysis showed the relationships between global import and export transactions in goods and services with the economic welfare of the USA and that of Russia. Findings indicated that indeed, there is a strong correlation between world trade and a well-established market economy such as the USA, Japan and countries in EU, while there is small correlation between the world trade and a transitional economy such as Russia. International trade partnerships in goods and services industries were analysed.

Keywords: globalisation; international trade; protectionism; trade barriers; strategic alliances; joint ventures; USA; United States; Russia; developed economies; transitional economies.

DOI: 10.1504/IJMED.2006.010354

International Journal of Management and Enterprise Development, 2006 Vol.3 No.6, pp.558 - 578

Published online: 16 Jul 2006 *

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