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The role of the ICT sector in foreign economic activity of Ukraine

Journal: European Scientific e-Journal (Vol.25, No. 2)

Publication Date:

Authors : ; ; ; ;

Page : 18-31

Keywords : ICT; foreign economic activity; export; import; world market;

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Abstract

This article explores the role of Ukraine's Information and Communication Technology (ICT) sector in shaping the nation's foreign economic activities. It analyses the sector's trajectory, market positioning, challenges faced, and strategic approaches adopted by Ukrainian IT companies. The study encompasses a comprehensive methodology involving quantitative analysis of trade data, qualitative examination of sector growth and challenges, and comparative assessment of strategies for international market entry. The analysis reveals the transformative impact of the ICT sector on Ukraine's foreign economic activities, highlighting its role in reshaping trade patterns and market access. Despite challenges posed by geopolitical events, including a full-scale war, the ICT sector demonstrates resilience and adaptability. The authors offer insights for policymakers and industry leaders to foster a conducive business environment, promote innovation, and sustain the sector's growth. Ukraine's engagement with the ICT sector positions it as a significant contender in the global technology landscape, contributing to the transformation of the international economic order.

Last modified: 2023-09-24 18:48:06