CLUSTER APPROACH TO THE DEVELOPMENT OF FOOD MARKET OF THE REGION: THEORETICAL AND APPLIED ASPECTS

Against the background of world economy globalization, the international trade, being the oldest form of international economic relations (IER), is the major decisive factor for the development and market environment of food and agricultural commodity. The hypothesis is suggested and proved in this study that the international trade may and should be considered not only as the driver for global and national economy, but also as the new effective tool to address numerous global problems as follow: sustainable development, environmental and comestibles problems. The results of the study to evaluate the impact of the current international trade on the growth of food product market of global and national level proved the crucial function of the international trade and its two-fold character to mitigate challenges of today as above. On the one hand, it was proved in terms of food and agricultural product market that the international trade is the reliable factor of global resource enhancement with regard to minimizing carbon dioxide emissions and cost-effective use of scarce water resources available. On the other hand, the negative impact of international trade results in the export growth that contributes to national resource depletion, flow of pollution-related industries to countries with milder environmental control and prevention to address environmental issues. When considered in view of national economy development and operation of national commodity markets, current trends in the movement of the Russian export of food products in the post-crisis period, established its role to support the import substitution policy and commodity self-sustainment in the Russian Federation have been highlighted. The practical value of identified consequences of the current international trade is the opportunity to minimize the negative global challenge consequences and to improve the strength of the import substitution policy in Russia.