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Некоторые тезисы из работы по теме Внешнеэкономическая деятельность Группы компаний Sierra-Russia Development Group.
Foreign Economic Activity of Sierra-Russia Development Group of Company.
INTRODUCTION
Foreign economic activity plays a crucial role in the global economy, facilitating trade, investment, and cross-border business operations. In developing markets such as Sierra Leone, economic growth is highly dependent on foreign direct investment (FDI), export-oriented production, and regional trade agreements. The agricultural sector, particularly cocoa production, serves as one of the key drivers of Sierra Leone’s economy, presenting significant opportunities for international trade and foreign investment. Some authors mention that, however, the country faces multiple challenges, including limited infrastructure, regulatory barriers, and market access constraints [10].
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CHAPTER 1: THEORETICAL FOUNDATIONS OF RESEARCH
1.1 Theoretical aspects and contextual background
The expansion of international trade has created opportunities for economic development, market diversification, and strategic partnerships among nations. In this context, Sierra-Russia Development Group of Company (SRDGC) operates as a multinational entity engaged in foreign economic activity, particularly in the trade of cocoa beans between Sierra Leone and Russia. Understanding the theoretical foundations of international trade and economic cooperation provides a framework for analyzing the company’s business strategy, market positioning, and economic contributions [13].
The global cocoa market is characterized by significant disparities in production and consumption. West African nations, including Sierra Leone, serve as primary producers, while industrialized economies, such as Russia, act as major importers and processors. The role of SRDGC within this trade structure highlights the importance of foreign economic activity, international logistics, and cross-border investment [16].
Moreover, international trade is influenced by various economic, political, and regulatory factors, such as tariffs, trade agreements, currency exchange rates, and market demand. Understanding these dynamics is essential for assessing the challenges and opportunities associated with the company’s foreign economic activities.
Theories of international trade and economic cooperation provide the conceptual foundation for understanding the mechanisms that drive cross-border transactions, global market integration, and the formation of economic partnerships. Over time, economic thought has evolved from classical perspectives on comparative advantage to modern interpretations that incorporate factors such as technological progress, economies of scale, and institutional frameworks.
Classical trade theories, rooted in the works of Adam Smith and David Ricardo, emphasize the role of absolute and comparative advantages in driving trade patterns. According to these perspectives, countries should specialize in the production of goods for which they have lower opportunity costs, thereby maximizing global efficiency and mutual gains. This foundation was later expanded by the Heckscher-Ohlin model, which posits that trade patterns are determined by the relative abundance of production factors, leading to specialization based on labor and capital endowments [21].
Beyond factor endowments, new trade theories highlight the significance of increasing returns to scale, product differentiation, and imperfect competition. The work of Paul Krugman and others has demonstrated that trade can emerge not only from differences in resource availability but also from strategic advantages in technology and innovation. In this context, multinational corporations play a crucial role in shaping international economic relations, as firms seek to optimize supply chains, access new markets, and leverage knowledge spillovers.
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BIBLIOGRAPHY
1. Asiedu, E. (2006). Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability. World Economy, 29(1), 63–77.
2. Balassa, B. (1965). Trade Liberalisation and “Revealed” Comparative Advantage. The Manchester School of Economic and Social Studies, 33(2), 99–123.
3. Dunning, J. H. (1993). Multinational Enterprises and the Global Economy. Addison-Wesley.
4. Helpman, E., & Krugman, P. R. (1985). Market Structure and Foreign Trade. MIT Press.
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