scholarly journals Analysis of the situation and trends in foreign trade of Dnipropetrovsk region: challenges and opportunities for the sustainable regional growth

2019 ◽  
Vol 7 (9-10) ◽  
pp. 79-87
Author(s):  
О. Ю. Матвеєва ◽  
Л. Г. Шевченко
Keyword(s):  
Foreign Trade ◽  
Regional Growth ◽  
Precious Metals ◽  
Electrical Equipment ◽  
Positive Trend ◽  
Economic Relations ◽  
Strategy Of Development ◽  
Export Structure ◽  
Challenges And Opportunities ◽  
The Impact

The article assesses the situation and analyzes the current trends in the development of domestic foreign trade through the case of Dnipropetrovsk region. The analysis is conducted through the lens of identifying challenges and opportunities for the region that are opened up by foreign trade. The impact of the region's foreign trade on its international economic relations in the context of Ukraine's European integration and the deployment of globalization processes is significant. Dnipropetrovsk region is one of the leading exporters and, according to the results of 2018, ranks second place among the regions of Ukraine by the export of goods. Therefore, choosing the region for the study is determined by the importance of the development of international trade in its territories to strengthen the position of Ukraine's international competitiveness. The article identifies and analyzes the indicators of foreign trade of the Dnepropetrovsk region with the world countries, as well as the economic result and effect of it’s influence. The focus is put on assessing and analyzing the dynamics of changes in the structure of export and import of goods. In particular, the tendency of decrease in export of services of Dnepropetrovsk region to the EU countries during 2014-2017 is analyzed as a negative trend. Positive trend visualizes through increasing of this indicator in 2018. Overall, the increase of the number of regional enterprises engaged in the foreign trade of goods was shown. Emphasis is placed on the commodity structure of export. It is composed of ferrous metals (46.3%) and ores, slag and ash (23.2%). The basis of the commodity structure of import is mineral fuels; oil and its distillation products (30.3%), machinery, equipment and mechanisms; electrical equipment (14.4%), chemical products and related industries (11.3%), and precious metals (11%). The dynamics of the change in the export structure indicates a certain slowdown in the process of transition to a ‘new type economy’, which should be based not on direct consumption of resources, but on innovation, knowledge and technology, their application in products and services production. The article is a summary of the situation in the field of foreign trade of the region, which is carried out in the framework of the task of drafting the Strategy of development of Dnipropetrovsk region for the period until 2027.

scholarly journals DPRK’s Foreign Trade: The Impact of Sanctions

2021 ◽  
Vol 8 (1) ◽  
pp. 5-28
Author(s):  
Yana Dyomina ◽  
Keyword(s):  
Foreign Trade ◽  
Petroleum Products ◽  
Positive Trend ◽  
Economic Relations ◽  
The North ◽  
Negative Effect ◽  
Nuclear Issue ◽  
International Sanctions ◽  
The Republic ◽  
The Impact

The author analyzes the dynamics and structure of DPRK’s foreign trade, as well as the impact of international sanctions. Currently, in accordance with UN Security Council resolutions, sanctions include a complete ban on the country’s main export goods, restrictions on the import of petroleum products and the use of North Korean labor abroad. International sanctions and the aggravation of the North and South relations had a significant negative effect on the DPRK’s foreign trade. Until 2013, there was a positive trend, but the tightening of sanctions and nullification of trade with the Republic of Korea led to the collapse of export-import operations. The possibility of restoring the DPRK’s foreign economic relations and developing cooperation with Russia is closely linked to resolving the nuclear issue and lifting international sanctions.

scholarly journals PROBLEMS OF UNBALANCED STATE BUDGET OF UKRAINE: ANALYSIS OF OBJECTIVE AND SUBJECTIVE FACTORS OF BUDGET REVENUE AND EXPENDITURE

2020 ◽  
Vol 11 (87) ◽  
Author(s):  
Oksana Zahidna ◽  
◽  
Vasylyna Ignatyshyna ◽  
Uliana Skydan ◽  
◽  
...  
Keyword(s):  
Foreign Trade ◽  
The State ◽  
Public Expenditures ◽  
Present Stage ◽  
State Budget ◽  
Economic Relations ◽  
Successful Solution ◽  
The Social ◽  
Social And Economic Development ◽  
The Impact

A significant place in the social and economic development of each country belongs to the problems of the budget, because the budget belongs to the sphere of public life that directly affects the interests of all members of society. The budget of any country reflects the important economic, social and political problems of the state and each person in particular. At the same time, the successful solution of budget problems is possible only if a proper understanding of its essence, role and place in the system of economic relations. For any country, the state budget is the main link in the financial system. As part of this system, it combines the main financial categories: income and expenditure of the country, the tax system, public credit, public debt in their closest coexistence. The budget as a financial plan of public expenditures and sources of their coverage plays an important role in the activities of the state. It determines its capabilities and development priorities, its role and forms of implementation of the functions assigned to it. It is an effective regulator of that economy reflects the amount of financial resources required by the state, determines specific areas of use of funds, directs the financial activities of the state. The article analyzes and defines the essence of revenues and expenditures of the state budget. The state and dynamics of state budget revenues and budget expenditures are studied. A comparison of state budget revenues and expenditures was made and it was investigated that expenditures significantly exceed revenues, and therefore the state budget is in deficit. The factors of formation of revenues and expenditures of the state budget at the present stage are determined. The dynamics of GDP growth rates and state revenues are analyzed budget, as well as the impact of GDP on the state budget. The peculiarities of the influence of the foreign trade factor on the revenues and expenditures of the state budget are determined. The influence and shares of exports and imports in the state budget revenues are studied. The current problems of imbalance of the state budget and the causes of the state budget deficit are identified. Ways to balance revenues and expenditures at the present stage are proposed. The dynamics of indicators of export and import of Ukraine is analyzed. The problems of Ukraine 's foreign trade at the present stage are investigated and perspective directions of improvement of the existing state of the export – import policy of the state are determined.

scholarly journals British-Slovak Foreign Trade Relations: Consequences of Brexit

2019 ◽  
pp. 341-353
Author(s):  
Marcel Kordos
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
Policy Instruments ◽  
Current Status ◽  
The European Union ◽  
Economic Relations ◽  
Trade Relations ◽  
The Future ◽  
The Uk ◽  
The Impact

The possibility of the UK's withdrawal from the European Union has never been more realistic and up-to-date since joining the European Communities (EC) as it is today. The UK is facing a unique situation. At present, this depends solely on the capabilities of European and British government officials, who negotiate the terms of withdrawal and future cooperation between the two entities. The main goal of this paper is based on the British – Slovak trade relations development analysis to figure out their impact within the Brexit consequences on the future Slovak economy and its current status in international economic relations. The paper also provides a basic overview of Brexit process and its possible impact on the EU's further functioning. Basic data will be drawn from generally accepted institutions, evaluating the UK and Slovak trade and economic performance. To accomplish this goal, methods such as analysis and comparison to illustrate the UK-Slovak foreign trade development, synthesis and logical deduction to discuss the Brexit impact on Slovak economic environment in the future are to be used; data from scientific and professional publications, periodical and non-periodical press. The paper presents the results of an empirical analysis, which showed that because of the size of economic relations between Slovakia and the United Kingdom and the number of goods and services being exported to the UK, the «hard» Brexit will be very unfavourable for Slovak foreign trade due to the possible tariffs being imposed. The research empirically confirms and theoretically proves that it can cause a significant weakening and slowdown in the Slovak economy. Either way, the upcoming Brexit process, that is the withdrawal of Great Britain from the European Union, would have a major impact not only on British, European but also on the world economy. The impact of Brexit on Slovakia's economy will not only be in reducing the possible growth of the economy, but also in employment and price increases. Keywords: EU single market, Britain's withdrawal from the EU, foreign trade policy instruments analysis, international economics, Slovak economy slowdown prediction, Slovak foreign trade commodity structure analysis.

scholarly journals Trends in the Development of Ukraine’s Foreign Trade in Goods in the Context of the COVID-19 Pandemic

2021 ◽  
Vol 4 (519) ◽  
pp. 30-36
Author(s):  
A. I. Kondratenko ◽  
◽  
D. I. Babmindra ◽  
I. M. Slobodianyk ◽  
◽  
...  
Keyword(s):  
Foreign Trade ◽  
Trade Balance ◽  
Human Life ◽  
Supply And Demand ◽  
Positive Trend ◽  
Export Structure ◽  
Geographical Structure ◽  
Foreign Countries ◽  
The World ◽  
Commodity Export

The article discusses and analyzes the volumes of Ukraine’s foreign trade in goods in 2019-2020. A positive trend regarding the foreign trade balance on trade in Ukrainian goods is allocated. It is found that there was a decrease in exports and imports of goods during the researched period. The commodity structure of Ukraine’s foreign trade is analyzed. Changes in the commodity export structure in 2020 compared to 2019 have been identified. The main groups of goods that Ukraine exports and imports the most when trading with foreign countries are allocated. The groups of goods whose export and import volumes have undergone the greatest changes in 2020 and as compared to 2019 are allocated. The geographical structure of foreign trade in Ukrainian goods is analyzed. Changes in the geographical structure of exports in 2020 compared to 2019 are determined. It is specified, which countries are the largest importers of Ukrainian goods and from which countries Ukraine imports the most goods. The countries in terms of the largest changes as to the foreign trade with them in 2020 compared to 2019 are allocated. It is determined that the most important reason for changes in the volume of foreign trade in Ukrainian goods in 2020 compared to 2019 was the COVID-19 pandemic. The global impact of the coronavirus pandemic on the world economy and human life in general is noted. The main changes in the economy and society, which caused changes in the volume of foreign trade in Ukrainian goods, as well as the main reasons for the change in supply and demand, which are typical for all countries of the world, are allocated. The main directions of the State’s assistance to increase the volume of exports of goods from Ukraine in the context of the COVID-19 pandemic are defined. The negative and positive changes in Ukraine’s foreign trade caused by the coronavirus pandemic are characterized.

scholarly journals The Economic Development in the Context of the Development of Foreign Trade in Poland – a Comparison to some EU Countries

2017 ◽  
Vol 17(32) (4) ◽  
pp. 271-279
Author(s):  
Anna Rytko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Trade ◽  
Test Methods ◽  
Product Diversification ◽  
Indexing Methods ◽  
Eu Countries ◽  
Export Structure ◽  
The Impact ◽  
The Eu

The themes of the impact of foreign trade on economic growth has been repeatedly assumed by investigators and were most often related to various aspects: the openness of the economies, economic prosperity, competitiveness and diversification of export. The objective of the research was the evaluation of changes in economic development and the development of foreign trade in Poland comparing them with the EU and some EU countries. Particular attention was given to the issue of diversification and competitiveness of exports by putting the hypothesis that the greater product diversification of Polish export, the greater its competitiveness, which leads to economic growth. The work uses the following test methods: descriptive methods, statistical methods, the indexing methods of which Indicator of the Absolute Deviations and Revealed Comparative Advantages were calculated. Export diversification can lead to speeding up the pace of economic growth. By analyzing in detail the situations in Poland can conclude that it is advisable to diversify of the export structure.

IMPACT OF FOREIGN TRADE ON THE ECONOMIC DEVELOPMENT OF BORDER REGIONS IN RUSSIA

2021 ◽  
Vol 1 (4) ◽  
pp. 156-165
Author(s):  
N. S. EPIFANOVA ◽  
Keyword(s):  
Economic Development ◽  
Foreign Trade ◽  
Territorial Development ◽  
Economic Relations ◽  
Border Regions ◽  
Territorial Structure ◽  
The Russian Federation ◽  
Main Determinants ◽  
Regional Development Strategies ◽  
The Impact

The border regions of the Russian Federation play a very important role in the territorial structure of the country, as well as in ensuring its foreign economic relations with neighboring countries. Meanwhile, it is the border regions in our country that have an extreme degree of heterogeneity of economic development and sectoral specialization, an insufficient level of economic diversification and the effectiveness of territorial development. Therefore, the study of the main determinants of economic development of the economies of border regions is of particular importance. These determinants include, in particular, indicators of foreign trade of border regions. Thus, the purpose of this article is to assess the impact of foreign trade on the socio-economic development of border regions. The analysis showed that this influence is insignificant. It can be assumed that attempts to develop foreign economic activity of border regions may lead to an even greater differentiation of territorial development in Russia. This result is very important for adjusting the leveling regional policy of the federal center and developing regional development strategies.

Impact of Saudi's Membership in Global and Arab Economic Blocs on its Agricultural Foreign Trade

2021 ◽  
Vol 9 (4) ◽  
pp. 230-245
Author(s):  
Rehab Said Ibrahem ◽  
Eman Aish Al brahim
Keyword(s):  
Foreign Trade ◽  
Secondary Data ◽  
Economic Stability ◽  
Kingdom Of Saudi Arabia ◽  
Factors Affecting ◽  
Economic Relations ◽  
Agricultural Exports ◽  
Time Period ◽  
International Economic Relations ◽  
The Impact

In recent years, the world has witnessed many changes in international economic relations, and the global system has crystallized into major economic blocs aimed at strengthening the position of these blocs in the framework of global international trade and economic stability. Accordingly, the research aims to study the impact of the accession of the Kingdom of Saudi Arabia to the membership of some economic blocs on Saudi agricultural foreign trade during the time period (1995-2019). By depend on both descriptive and quantitative statistical analysis. To study the evolution of the value of agricultural exports and imports and the most important factors affecting each of them, used of some indicators of export competitiveness such as a measure of geographical and commodity concentration. Also used the simultaneous equations method to build an econometric model to analyze the structure of agricultural foreign trade and its estimation by Two-Stage least squares (2SLS) method, the paper predicts the future of Saudi agricultural foreign trade. The research relied on secondary data. The results of the study expect that the average per capita share of agricultural exports, imports and agricultural Balance Deficit will reach about 600, 3.600 and 2.900 thousand riyals, respectively, during the year 2026.

scholarly journals Important Aspects of Investment Projects in Economic Relations in Digital Economic Processes

2021 ◽  
Vol 58 (2) ◽  
pp. 1175-1182
Author(s):  
Abdullo Sagdullaevich Turdiev Et al.
Keyword(s):  
Information And Communication Technologies ◽  
Developed Countries ◽  
Economic Security ◽  
Digital Economy ◽  
Economic Relations ◽  
Strategy Of Development ◽  
Investment Projects ◽  
Information And Communication ◽  
The Republic ◽  
The Impact

The article analyzes the concept of the digital economy, definitions of the digital economy, technological changes inherent in the digital economy, the impact of the digital economy on employment, the creation of a national system of digital economic security, the share of information and communication technologies in GDP, analysis of some indicators of the analysis of the number of special software tools used in this area.The article also analyzes the state and development of the digital economy in developed countries and, based on the results, discusses a number of issues and problems in the strategy of development of the digital economy in the Republic of Uzbekistan and its economic significance.Also, mechanisms for creating local platforms of digital technology in the country have been proposed.

scholarly journals The Impact of Foreign Trade Policy on China's Economic Development

2021 ◽  
Vol 5 (1) ◽  
pp. 25-35
Author(s):  
Shi Ike ◽  
Natalia Epova
Keyword(s):  
Economic Development ◽  
Foreign Trade ◽  
Trade Policy ◽  
World Economy ◽  
Regulatory Control ◽  
Foreign Trade Policy ◽  
Economic Relations ◽  
Trade Relations ◽  
The World ◽  
The Impact

The importance of foreign trade and its impact on the level of economic development of both individual states and the world economy as a whole is steadily increasing. The successful or unsuccessful development of foreign trade relations is largely determined by the state's policy in this area, the use of various tools and methods. China, having begun to reform the economic system, pursued the goal of increasing the competitiveness of the national economy. For this purpose, foreign trade relations with other countries were actively developed in accordance with the interests of China and the priorities of economic development. Over a long period in China was dominated by autarkic tendencies in the sphere of foreign relations, which contradict the idea of integration for joint solutions to existing problems and the liberalization of foreign trade. Since the late 70s, China has realized the need to connect the country to the processes taking place in the world economy and carry out reforms, an important part of which was the implementation of a strategy for the development of foreign economic relations. The new policy assumed the extraction of maximum benefits from cooperation with foreign partners, the modernization of the economy using best practices in the economic, scientific and technical spheres, the diversification of production, the introduction of effective management models. China's foreign trade policy is implemented through a variety of regulatory, control and incentive methods. This makes it possible to take into account the characteristics of specific territories and use the most appropriate tools to achieve the best result. Relevance and insufficient knowledge of the impact of trade on economic development of China in the development of global value chains and the trend towards a multipolar world system, the development of the prospects of transformation of China's foreign trade, led to the selection of topics for articles.

Sign in / Sign up

Export Citation Format

Share Document