scholarly journals FOREIGN TRADE OF GOODS AND SERVICES IN MYKOLAIV REGION: MODERN STATE AND DEVELOPMENT PROSPECTS

2019 ◽  
Author(s):  
Viktor Kushniruk ◽  
Tetiana Donets
Keyword(s):  
Foreign Trade ◽  
Modern State ◽  
Goods And Services ◽  
Development Prospects

Foreign Trade of Russia: Barometer Foretells Storm

2016 ◽  
Vol 60 (2) ◽  
pp. 15-25
Author(s):  
V. Obolenskiy
Keyword(s):  
Foreign Trade ◽  
Large Scale ◽  
Manufacturing Industry ◽  
Import Substitution ◽  
Developed Countries ◽  
Scale Production ◽  
Goods And Services ◽  
Effective System ◽  
The Government ◽  
The Developed Countries

The development of Russian foreign trade during the previous five years is analyzed. It is stated that, in terms of value, exports of services and imports of goods and services steadily grew during the first four years of the period under review. Exports of goods also rose during three years, but in 2014 both exports and imports again fell in comparison with the previous year as was the case five years ago. The composition of the Russian exports and imports of goods did not change radically during the previous years. The main items of export are, as always, mineral products, metals and fertilizers. Import is prevailed by foodstuffs, chemicals and heavy engineering equipment. The current situation is featured by the reduction of world oil prices, slump of the domestic economy and war of sanctions with the Western countries. All this substantially impairs the conditions of Russia’s foreign trade activities and inhibits its development in the upcoming years. In the author’s view, the implementation of measures worked out by the government – correction of tariff liabilities before the WTO, redirecting of trade streams from the European to the Asian markets, import substitution and export support – will unlikely improve the situation. Revision of the liabilities before the WTO in the conditions of the decrease of the internal demand and serious devaluation of Ruble is considered as inappropriate and counterproductive. “Asiatic turn” is only capable to compensate to a certain respect the loss of supplies of some food products from Europe, but cannot fully offset the loss of potentialities of the acquisition of modern technologies and equipment from the developed countries. It is doubtful that it will be possible to dramatically cut the import dependence. It is necessary to replace many kinds of foreign goods, but it is impossible to implement a frontal substitution of import in all directions. Excessive stress on the import substitution might lead to the emergence of shortages and poorer availability of some goods at the internal market and, at the worst, to self-isolation and economic autarky. The attempts to build up an effective system of export support might be successful only in the conditions of the establishment of the large-scale production of goods and services which would be comparable with the foreign analogues in respect to the criteria of price and quality. Taking this into consideration the technological renovation of production processes, first of all in the manufacturing industry, and on this basis rising up of the competitiveness of plants and factories are the most important prerequisites for encouraging export activities and formation of the new export specialization of the country.

scholarly journals NEO-INDUSTRIAL IMPORT SUBSTITUTION STRATEGY IN UKRAINE

2021 ◽  
Vol 139 (5) ◽  
pp. 4-33
Author(s):  
MAZARAKI Anatoliy ◽  
МЕLNYK Tetiana
Keyword(s):  
Foreign Trade ◽  
Industrial Development ◽  
Structural Changes ◽  
Graphical Representation ◽  
Institutional Environment ◽  
Import Substitution ◽  
Theoretical Work ◽  
World Market ◽  
Domestic Market ◽  
Goods And Services

Background. The high level of the country’s dependence on imports of goods and services leads to significant vulnerability of its economy to market fluctuations, adverse price trends in the world market and threatens the competitiveness of domestic production and exports. The analysis of recent research and publications reveals that the problems of import contribution to the process of commodity saturation of Ukraine’s domestic market, structural changes identification, strategic priorities and institutional transformations in the state implementation of import substitution policy need in-depth study. The aim of this paper is to study implementation possibilities of the strategy of neo-industrial import substitution in the economy of Ukraine. Materials and methods. Modern scientific concepts, theoretical work on development and analysis of internal market functioning, statistical data are theoretical and methodological basis of this paper. Methods of statistical analysis, synthesis, grouping and graphical representation of the results were used to achieve the research purpose and implementation of the tasks. Results. The concept of neo-industrial import substitution is considered. The present state of Ukraine’s domestic market development and foreign trade is analyzed, the determinants of import dependence of Ukraine’s economy are defined. Thus, problematic issues of institutional support for the implementation of neo-industrial import substitution strategy in Ukraine are outlined, the proposals for its realization are made. Conclusion. Thus, we believe thatit is necessary to overcome barriers (organizational, institutional, technological) that hinder the implementation of neo-industrial economy model for realization of neo-industrial import substitution strategy in Ukraine. It provides performance of a set of conditions: the formation of a favorable institutional regime for the development of import-substituting productions, purposeful outing to the institutional trajectory of neo-industrial development, the formation of necessary institutional environment with general economic program development of neo-industrial import substitution. Keywords: foreign trade, import, domestic market, import substitution, import dependence, neo-industrial import substitution, structure of import use.

scholarly journals Crisis in Bilateral Economic Cooperation between Russia and Spain

2021 ◽  
Vol 14 (3) ◽  
pp. 189-208
Author(s):  
K. A. Nikulin
Keyword(s):  
Foreign Trade ◽  
Bilateral Trade ◽  
Point Of View ◽  
Total Trade ◽  
Economic Relations ◽  
Goods And Services ◽  
Trade Turnover ◽  
Economic Interaction ◽  
Economic Partnership ◽  
Trade And Investment

The article examines the dynamics and features of the trade and economic partnership between Spain and Russia from 2014 to the present, considering the latest challenges. The once promising trajectory of the development of bilateral trade and mutual investment has undergone significant tests: in addition to the sanctions pressure of the collective West countries, the situation has been complicated by the global crisis in the world economy, significant changes in world markets for goods and services, and the COVID-19 pandemic. In these conditions, the study of indicators of Russian-Spanish trade and economic interaction is of interest both from the point of view of forming a forecast for the development of bilateral economic relations and highlighting those industries towards which the emphasis in trade and investment is gradually shifting. The question arises: is it possible to return to the indicators of bilateral trade and investment inherent in Russian-Spanish economic relations before the imposition of sanctions? The data on the bilateral trade presented by the Russian and Spanish national statistics differ insignificantly in terms of the total trade turnover but have severe differences at the level of the trade balance. Based on both countries’ statistical databases, the author of the article presents the possible reasons for such discrepancies and considers the general dynamics of the state of foreign trade between Russia and Spain. In addition to stating the negative trends in foreign trade, there are problems in investment cooperation, which until recently was considered one of the “strongholds” of bilateral cooperation under the pressure of sanctions.

scholarly journals Foreign Trade in Goods and Services: Comparing the Data Sources

2020 ◽  
Vol 27 (4) ◽  
pp. 80-87
Author(s):  
A. A. Gnidchenko
Keyword(s):  
Foreign Trade ◽  
International Comparisons ◽  
Primary Sources ◽  
Sources Of Information ◽  
Goods And Services ◽  
Trade Turnover ◽  
User Tasks ◽  
High Quality Result ◽  
Foreign Trade Turnover ◽  
Combine Information

The paper focuses on the primary sources of information on Russia’s foreign trade. The objective of the study is to describe the main sources of data on foreign trade in goods and services, and compare them according to such criteria as time horizon, specification by types of goods and services, the breakdown of data by country and region, and the data format.The methodology tools rely on the possibility of applying databases for various user tasks (such as operative analysis, international comparisons, and studying the structure of foreign trade by types of goods and services and by partner countries).The author shows that none of the databases meets all the criteria. To obtain a high-quality result, it is necessary to combine information from different sources. The paper demonstrates the problems of the incompleteness of the monthly data in the UN Comtrade database and uncertainty with the classifier at the junction of 2016-2017 in the Federal Customs Service TSVT database. The author reveals the data gaps in the UN Comtrade database for Russia for some commodity groups. The article presents a comparison of Bank of Russia, OECD, WTO, and UN publications.The conclusions are given in the form of recommendations on the use of the databases depending on the users’ requirements according to the speed of data publication, availability of data for international comparisons, and the need to reflect the structure of Russia’s foreign trade by type of goods and services.The analysis reveals individual structural components of foreign trade turnover and preferences in the use of information bases. For trade in goods, the author recommends a simultaneous usage of the Federal Customs Service TSVT database and the UN Comtrade database; for trade in services the use of the Bank of Russia, OECD or WTO databases (depending on the user’s task).

scholarly journals Digitalization of Trade as a Factor of Development of Export Potential of the Republic of Belarus

2020 ◽  
pp. 5-13
Author(s):  
N. V. Yurova
Keyword(s):  
Economic Development ◽  
Foreign Trade ◽  
Digital Transformation ◽  
National Strategy ◽  
Digital Platforms ◽  
Goods And Services ◽  
Geographical Structure ◽  
Theoretical Approaches ◽  
Socio Economic Development ◽  
The Republic

The purpose of the article is to show how the digitalization of trade can lead to the development of the export potential of the Republic of Belarus. The article discloses theoretical approaches to digitalization of trade as a combination of traditional and new digital models of interaction between buyer and seller. The author presents the volume, commodity and geographical structure of foreign trade of the Republic of Belarus, lists the priorities and identifies the main prospects for the development of exports using modern digital platforms and the emergence of new digital goods and services. The advantages of paperless trade and the need to implement the main provisions of National Strategy for Sustainable Socio-Economic Development of the Republic of Belarus are indicated. The author proposes the ways of development of the export potential of the Republic of Belarus witch based on an analysis of the processes of digital transformation of Belarusian trade.

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