About the Some New Aspects of the International Business Theory and International Economy-the Time of COVID-19
Modern Perspectives in Economics, Business and Management Vol. 2,
12 July 2021,
Different positions of the member states of the World Trade Organisation (WTO) especially developed and developing countries and also USA, the European Union and Japan representatives were observed during the Doha Round of trade negotiations under the WTO. The problems of agriculture protection in the developed countries for example in European Union and USA and also in the developing countries, were becoming a serious obstacle during the negotiations. Despite the udeniable benefits of the multilateral WTO forum for trade liberalization, the rapid increase of North-South bilateral and multilateral Free Trade Areas (FTAs) begs a systematic explanation for why some forums are prioritized relative to others. The main aim of the article is the presentation of the some new aspects of the international business theory in the context of international economy - the time of COVID-19. In the article presents the mercantilist tendencies in the international trade policy, the theory of public choice in the foreign trade policy, protectionist pressures in different political systems, the level of protectionist pressures, food producers pressure and conflicts between the tendencies to sustainable international trade liberalisation and environmental protection, the increasing importance bilateral agreements in the foreign trade policy, the time of COVID-19.