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EXTERNAL TRADE AS THE FACTOR OF EXTENDED REPRODUCTION

Journal: University Economic Bulletin. Collection of scientific articles of scientists and post-graduate students (Vol.1, No. 21)

Publication Date:

Authors : ;

Page : 105-111

Keywords : export; import; export quota; reproduction; active trade balance; structure of external trade;

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Abstract

The article considers the influence of export and import operations on the reproduction process in economy, substantiates the necessity of changing the structure of external trade in the process of changing main proportions in the national economy and studies the influence of globalization on the main tendencies in the external trade. The aim of the article is substantiation of the necessary changes in the separate directions of intensification of country participation in the international economic relations, change of structure of its export and import as factors of extended reproduction and optimization of the main macroeconomic proportions. The following conclusions were confirmed by the research. In the conditions of stable long?term tendency to economic life globalization, weakening of country position in the international trade contradicts the needs of its economic development. It is especially relevant for the accelerated growth of export in comparison with the production which is not limited to the demand of internal market. Ukraine shows the tendency to export specialization in the production of goods with low?complicated or mid?complicated labor. Enhancement of this tendency means the strengthening of external trade structure, typical for low?developed countries and contradictory to the interests of country development. Therefore, special attention should be paid to the updating of the main capital, including at the expense of import deliveries and manufacturing of capital intensive products. Solving the problem of external trade development as the factor of extended reproduction and modernization of national economy in general means the rationalization of external economic relations, as well as in decrease of export quota, change of material and valuable constituents of export and import and, if possible, reaching balance between them. Economic policy of the government shall create institutional conditions for stimulating the development of external trade, supporting its high level and role in the gross accumulation of capital.

Last modified: 2016-12-19 08:48:40