INTELLECTUALIZATION OF INTERNATIONAL TRADE IN THE CONTEXT OF THE COVID-19 PANDEMIC

Abstract

The article is devoted to the role of the intellectual component in the development of international trade in the context of the COVID-19 pandemic. The forms and features of intellectualization of international trade under the influence of quarantine restrictions are determined. The impact of the COVID-19 pandemic on the volume, structure and dynamics of international trade has been studied and forecast data on the further development of international trade have been analyzed. The areas most affected by the coronavirus crisis and the areas that managed to achieve growth were identified. Special attention is paid to the analysis of international trade in telecommunications, computer and information services, as well as high-tech goods in a pandemic. The market of intellectual property objects and its impact on the economic development of countries in the pandemic crisis is analyzed and the tendency of reduction of revenues from the use of intellectual property in favor of major world exporters is determined. At the same time, the dynamics of intellectual property imports was studied and the trend of increasing revenues from key importers of intellectual property was determined. It was emphasized that the sphere of intellectual property demonstrates resilience to the consequences of the COVID-19 pandemic, as evidenced by the growing number of applications for registration of intellectual property (patents, trademarks, industrial designs, plant varieties). It is determined that the intensification of inventive activity indicates an increase in demand for intellectual property in the world market and provides an opportunity to talk about their role as drivers of economic growth against the background of the general recession. The author pays attention to the development of e-commerce and the deepening of the processes of digitalization of trade operations, the catalyst of which were quarantine restrictions. It is noted that despite the destructive impact of the COWID-19 pandemic on the world economy, it has become a catalyst for the intellectualization of international trade and proved the effectiveness of the strategy of focusing on intellectual potential.