engleski

The role of international trade in the creation of the sustainability of agricultural production - comparative presentation of the former Yugoslavia

Modern aspects of the business do not exclusively concern the manufacturers themselves, and today they are much more complex than before. The total quantity of agricultural products produced is placed on the market by producers if they do not use it for further reproduction. Trade enables the exchange of goods and thus makes goods widely available. International trade flows are of great importance in terms of economic and regional development. No economy can base its growth on the self-sufficiency of real and financial resources, and is therefore directed to international trade, whose final balance reflects the degree of growth and macroeconomic variables of a particular economy. The aim of the paper was to point out the importance of trade and its positive aspects to which it contributes to society. Furthermore, the example of the countries of the former Yugoslavia will show how much international trade in agricultural products contributes to economic development. An analytical model for analysing the volume of production and trade in goods through the components of imports and exports will show the value of trade between countries and how this reflects on the overall economic situation. Furthermore, the gravity model will analyse the overall geographical environment and show which multilateral factors affect the commodity exchange process.

agricultural production; trade; commodity exchange; gravity model; export; import

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