The role of International trade in improving the competitiveness of Saint Petersburg

Abstract

This article aims to explore the prospects for the development of international trade and the impact of trade on increasing competitiveness of Saint Petersburg. To this end, the authors study the theoretical aspects of regional competitiveness as such, analyse the ten years’ data on the city’s international trade, and explore the significance of image, reputation, and information support for the region’s international trade provided by business information centres abroad. The authors employ the methods of expert opinion and statistical analysis as well as the authors’ own data to consider the problems of international trade development in Saint Petersburg and the ways to improve the city’s competitiveness. The authors estimate the international trade performance of Saint Petersburg and outline the key areas for increasing the city’s competitive ability. This article has theoretical and practical significance for experts studying regional competitiveness, for regional authorities, and the business community.