Foreign Economic Activity of Business Structures in Ukraine: Problems and Prospects of Development

Lyudmila Dolgova, Valentina Ivanenko

Abstract

The article is devoted to studying the tendency to develop foreign economic business structures in Ukraine. The relevance of the research is because foreign economic activity is the essential component of a large number of domestic business structures. Moreover, developing foreign economic activity gives the company new opportunities, such as using the benefits of international cooperation of production and freedom of decision-making to carry out its production tasks. Therefore, scientists have paid attention to the foreign economic activity of business structures in Ukraine, ensuring and improving the efficiency of foreign economic activity at enterprises. Still, constant changes in the environment necessitate further research in this area.

The purpose of the article is to analyze the problems and find directions for developing foreign economic activity of business structures in Ukraine. First, the article analyzes the dynamics of export and import of goods and services. The commodity and geographical structure of exports and imports of goods and services are determined. Second, the main tendencies and characteristic features of foreign economic activity of business structures are studied. Despite a significant increase in the value of exports of goods and services to countries worldwide, Ukraine remains an import-dependent country.

The main problems of foreign economic activity of some enterprises and Ukraine, in general, are considered. The directions of the development of the foreign economic activity of business structures in Ukraine are offered. The article identifies other ways to develop the foreign economic activity of business structures in Ukraine. The conducted research allowed us to find out that stable development of the economy is possible only on condition of preserving its openness and fast development of foreign trade. The fundamental problems of ensuring the balance of Ukraine’s foreign economic activity are primarily related to the diversification of geopolitical and regional priorities, the optimization of the commodity structure of exports and imports, strengthening Ukraine’s position on the world market of services through such segments as international tourism, insurance, leasing and engineering operations, exchange in the field of information.



Keywords


foreign economic activity; international market; export; import; domestic enterprises; business structures



References


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Copyright (c) 2021 Lyudmila Dolgova, Valentina Ivanenko

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