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Liburkina L. M.

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Export Promotion in the Context of Evolution of Global Trade Regulators
Pugachevska K. S.

Pugachevska, Kateryna S. (2019) “Export Promotion in the Context of Evolution of Global Trade Regulators.” Business Inform 11:41–48.
https://doi.org/10.32983/2222-4459-2019-11-41-48

Section: International Economic Relations

Article is written in Ukrainian
Downloads/views: 1

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UDC 339.562:64.033

Abstract:
The proposed scientific article is concerned with the topical issue of identifying the possibilities of applying the instruments for promoting the national exports in the context of effect of a number of global institutional regulators. The article is aimed at researching the concept of «export promotion» in the context of global trade regulators. The development of the world economy over recent decades is characterized by a deepening of the internationalization of economic relations and is manifested in the strengthening of the interconnection and interdependence of national economies, qualitative change in character of the trade and economic relations of countries, the emergence of new forms of international trade and methods of its regulation (in particular, development of the practice of using non-tariff regulatory instruments as a means of protecting the national market from the foreign markets competition). The systematization of views on free trade allowed to identify some shifts in the part of erosion of the certainty of judgment about its usefulness. It is substantiated that the policy of free-trading may not be «technically optimal» but it remains «pragmatically optimal». In other words, in the face of the lack of information and problems inherent in any system of selective protectionism, free trade remains the policy that makes it most likely to reach the highest possible level of economic efficiency. Contrary to the tendency of the increasing openness of national economies, the free-trading policies have their own characteristics in different groups of countries and are likely to be subject to determinants based on the specifics of national and regional models of economic development, which in turn reflect priorities based both on the objective factors (in particular, availability of natural resources, size and geographical location of a country, etc.) and the subjectively set up guidelines.

Keywords: export orientation, export promotion, open economy, free-trade policy, international competitiveness.

Tabl.: 1. Bibl.: 17.

Pugachevska Kateryna S. – Candidate of Sciences (Economics), Associate Professor, Department of Foreign Economic Activity of the Enterprise, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]

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