THE IMPACT OF NATURAL RESOURCES USE AND CONSUMPTION ON INTERNATIONAL TRADE

Authors

DOI:

https://doi.org/10.35774/jee2024.01.102

Keywords:

consumption of natural resources; international trade; sustainable development; utilization of natural resources.

Abstract

The article analyzes the utilization of various resources, the speed of their consumption and the impact on the environment.

The economic dynamics surrounding natural resources in international trade are subject to comprehensive examination. This analysis encompasses the utilization patterns of energy, minerals, agricultural commodities, water, and biological resources within the framework of their influence on international relations.

The methodology for analyzing information on global tendencies in natural resources trade is applied to substantiate recommendations aimed at their balanced utilization in the macroeconomic policy of sustainable development.

On the basis of the analysis of the status and role of natural resources in international trade, recommendations for states regarding the formulation of sustainable development and natural resource management policies are provided.

JEL: F13, Q27, Q37, P28.

Author Biographies

Roman ZVARYCH, West Ukrainian National University, Ternopil

Ds (Econ), Professor, Head of International Economic Relations Department

Wei LINHAI, West Ukrainian National University, Ternopil

PhD student, Department of International Economic Relations

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Published

01.03.2024

How to Cite

ZVARYCH, Roman, and Wei LINHAI. “THE IMPACT OF NATURAL RESOURCES USE AND CONSUMPTION ON INTERNATIONAL TRADE”. Journal of European Economy, vol. 23, no. 1, Mar. 2024, pp. 102-30, doi:10.35774/jee2024.01.102.

Issue

Section

INTERNATIONAL ECONOMICS