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Post-Brexit Power of European Union From the World Trade Network Analysis

Abstract : We develop the Google matrix analysis of the multiproduct world trade network obtained from the UN COMTRADE database in recent years. The comparison is done between this new approach and the usual Import-Export description of this world trade network. The Google matrix analysis takes into account the multiplicity of trade transactions thus highlighting in a better way the world influence of specific countries and products. It shows that after Brexit, the European Union of 27 countries has the leading position in the world trade network ranking, being ahead of USA and China. Our approach determines also a sensitivity of trade country balance to specific products showing the dominant role of machinery and mineral fuels in multiproduct exchanges. It also underlines the growing influence of Asian countries.
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Contributor : Katia Jaffres-Runser Connect in order to contact the contributor
Submitted on : Friday, August 6, 2021 - 7:03:28 AM
Last modification on : Wednesday, October 20, 2021 - 3:47:04 AM


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Justin Loye, Katia Jaffrès-Runser, Dima Shepelyansky. Post-Brexit Power of European Union From the World Trade Network Analysis. 24th International Conference on Business Information Systems (BIS 2021), Jun 2021, Hannover, Germany. pp.39-47, ⟨10.52825/bis.v1i.48⟩. ⟨hal-03315804⟩



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