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Legal services global market: current state and development prospects
- Authors: Yastrebov O.A.1, Tinkova A.A.1
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Affiliations:
- Peoples’ Friendship University of Russia (RUDN University)
- Issue: Vol 29, No 3 (2021): New trends, strategies and structural changes in emerging markets
- Pages: 510-523
- Section: INDUSTRIAL ORGANIZATION MARKETS
- URL: https://journals.rudn.ru/economics/article/view/27608
- DOI: https://doi.org/10.22363/2313-2329-2021-29-3-510-523
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Abstract
The article answers the question: what are the distinctive features of the global legal services market in the context of globalization, as well as what place and role it occupies in international trade and trade policy? The study is divided into 3 parts. The first part structures the main theoretical aspects concerning the legal services world market: the concept and classification of legal services, forms and methods of international trade in legal services. The second part analyzes the market indicators of the global legal services market, characterizes the main problems and trends in its development. The place and role of Russia in the global legal services market are revealed. The third part deals with the foreign trade policy issues, mechanisms for protecting the internal market. Special attention is paid to the analysis of the Services Trade Restrictiveness Index for legal services. The mechanism of countries’ foreign trade policies’ influence on the British legal services sector is illustrated in the context of Brexit.
About the authors
Oleg A. Yastrebov
Peoples’ Friendship University of Russia (RUDN University)
Author for correspondence.
Email: yastrebov-oa@rudn.ru
Doctor of Science (in Economics, Law), Professor, Rector
6 Miklukho-Maklaya St, Moscow, 117198, Russian FederationArina A. Tinkova
Peoples’ Friendship University of Russia (RUDN University)
Email: tinkova-aa@rudn.ru
PhD student, an assistant of the Department of International Economic Relations, Faculty of Economics
6 Miklukho-Maklaya St, Moscow, 117198, Russian FederationReferences
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