A compendium of globalization trends in world trade: Justification of a two-tire model of business processes

Abstract

Trading is the most sensitive sector of the economy, directly and indirectly responding to innovative challenges. High competition, political risks and planetary scales have made it susceptible to any globalization fluctuations. Effective management is seen as the most important opportunity to gain competitive advantage. This explains the increased interest in the system of indicators of management system evaluation in the business processes in the supply chains. The aim of this paper is to develop and substantiate analytical approaches to the study of the status of transnational trade economic relationships with the identification of significant impact indicators and vulnerability indicators. The globalization aspect of the existing trend of world trade (export-import) among differentiated groups of countries is justified, distinguishing the forecast component. A two-tier model of business process “reliability management” has been constructed, taking into account the results of linear regression models based on the profiles of Australia and New Zealand.