Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Scientific bulletin ...arrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
addClaim

This Research product is the result of merged Research products in OpenAIRE.

You have already added 0 works in your ORCID record related to the merged Research product.

The role of international trade in strengthening the competitiveness of the national economy

The role of international trade in strengthening the competitiveness of the national economy

Abstract

The article explores the role of international trade as a key factor in strengthening the competitiveness of the national economy, taking into account current global challenges and the specific features of transition economies. The relevance of the study stems from intensified competition in the global economic environment, increasing complexity in accessing foreign markets, and the urgent need to shape an effective foreign economic policy capable of ensuring sustainable growth and economic security. It is established that international trade is not only a source of foreign exchange earnings and a means of expanding sales markets, but also serves as a driver of structural reforms, enhanced innovation activity, and production modernization. The research reveals theoretical approaches to understanding the interconnection between foreign economic activity and competitiveness, particularly in the context of classical and modern trade models. Considerable attention is paid to analyzing global trade trends, such as the fragmentation of global value chains, the rise of protectionism, the digitalization of trade processes, and the greening of exports - all of which significantly alter the operating conditions of national economies. Special focus is placed on transition economies, for which international trade offers both growth potential and a number of systemic constraints arising from institutional instability, low export diversification, and limited innovation capacity. Key factors influencing the effectiveness of foreign economic activity are identified, including the institutional environment, innovation, the quality of human capital, and the adaptability of the economic structure. A systemic approach is proposed for assessing the impact of international trade on competitiveness, which includes consideration of economic, institutional, innovation, and social parameters. The article puts forward practical recommendations for improving state policy - in particular, the need to develop institutional infrastructure, support innovative activity, promote the export of high value-added products, and diversify export markets. It is emphasized that only a combination of strategic vision, institutional capacity, and effective partnership between the state and business can ensure stable integration of the economy into global trade processes based on its own competitive advantages.

У статті досліджено роль міжнародної торгівлі у зміцненні конкурентоспроможності національної економіки. Акцент зроблено на теоретичних основах, сучасних тенденціях світової торгівлі та особливостях впливу міжнародної торгівлі на країни з перехідною економікою. Обґрунтовано, що міжнародна торгівля виступає важливим механізмом стимулювання інновацій, структурних перетворень і підвищення ефективності виробництва. Визначено, що для країн із перехідною економікою характерні інституційні бар’єри, структурна залежність і недостатній рівень інноваційної активності, що гальмують розвиток. Актуальність дослідження полягає в необхідності адаптації зовнішньоекономічної політики до сучасних глобальних викликів, підвищення інституційної спроможності та стимулювання інновацій для забезпечення сталого економічного зростання та зміцнення конкурентоспроможності. Запропоновано комплекс заходів, спрямованих на підвищення якості інституційного середовища, диверсифікацію експорту та розвиток інновацій, що є ключовими умовами ефективної інтеграції у світову економіку.

Keywords

international trade, competitiveness, national economy, transition economy, institutional factors, innovations, foreign economic policy, міжнародна торгівля; конкурентоспроможність; національна економіка; перехідна економіка; інституційні чинники; інновації; зовнішньоекономічна політика

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average