CURRENT DETERMINANTS OF THE DEVELOPED COUNTRIES’ FOREIGN TRADE POLICY

The article is devoted to the definition of modern determinants developed countries’ foreign trade policy. It was determined that at current stage global development, consequences pandemic and local military conflicts, in particular Ukraine, have a destabilizing effect on world dynamics. concluded since value goods increasing significant rate, while growth volume remains low, this may indicate increase commodity prices. This due instability supply demand market, as well inflationary burden countries. Modern globalization processes are also analysed. currently faced with deglobalization 2.0, which characterized by decline role leading states, wars, problems integration particular, Brexit, etc. Since key indicator processes’ there need revise existing system its regulation. Global regulatory bodies, including WTO, not up task governance, states resorting protectionist measures protect their national interests sovereignty. As result, number economy has increased significantly compared liberalization recent years. developing countries mostly prefer liberalization, actively use subsidies. Recent trends reflect changing nature protectionism, namely non-tariff restrictions covert domestic investment support for producers. Protectionism phenomenon negatively affects political economic relations between partner Key words: international trade, policy, globalization.