COMPARATIVE ANALYSIS OF EXTERNAL ECONOMIC SPHERE IN UKRAINE
Journal: Journal Association 1901 SEPIKE (Vol.1, No. 11)Publication Date: 2015-12-31
Authors : Kristina Revika;
Page : 219-223
Keywords : foreign economic sphere; national economy; international trade; export; import; structure of export; trends;
Abstract
Analysis of the developing peculiarities of the foreign economic sphere of the Ukraine's national economy is carried out; these peculiarities has been done in comparison with actual trends in the global economic environment, in the economy and trade of the world's leading exporters. Positive changes in the economic situation in Ukraine, ongoing changes in the rate and volume in comparison with the world average level, the countries of the former socialist community, with an average level of the group of countries which now includes Ukraine by the value of GDP per capita have been identified during analysis. The integrated structure of exports in Ukraine and its change for 2000-2015 were analyzed. The estimation of differences in comparison with the structure of exports of the world's largest exporters, world average and the average level of the group of countries, which includes Ukraine, has been determined. Conducted analysis allowed to determine that the foreign economic sphere, as well as all Ukraine's economy, for the 2000-2014 has developed mainly by inertia, using existing advantages and production capacity for the production with a low level of added value. Transition to intensive development is required under conditions of increasing the participation of Ukraine in the world economy to save existing positions and realization of competitive advantages in various segments of the global market in the international labor division. It involves systematic implementation of structural changes aimed at increasing the share of products with a high level of processing in the export commodity composition; creation of favorable conditions for business; systemic institutional support of foreign economic activity entities, which should be reflected in the objectives and priorities of the national foreign trade policy and confirmed by the development of mechanisms its implementation. Main directions to implement changes in the foreign economic sphere of the national economy are highlighted.
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