KV #19905-9705 PR dated 02.04.2013.



According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156


Liburkina L. M.


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Globalization Processes in the Economy


Kudinova A. V.
Social Reproduction in the Global Economy: Key Determinants of Transformation (p. 29 - 33)

The article is aimed to study the new characteristics of social reproduction as a result of the influence of globalization processes. The article analyzes the current process of social reproduction, its differences from economic reproduction of the industrial age. The relevance of updating classical approaches to the study of social reproduction (the Marxian, which argues for the need to develop, first of all, production of the means of production; the neoclassical, where exploration of market mechanism is emphasized; the Keynesian, which evidences the need to stimulate the production of goods and services for final consumption) has been substantiated considering the global influences, in particular, of fundamental changes in the structure of the social product, strengthening of its intangible component, formation of global resource flows, factors of production, goods and services, information, servitization of economy, autonomizing of financial sector, strengthening the asymmetries in development of various countries and so on. Also has been proposed, in the study of social reproduction, to take into account the socio-cultural factor as a key factor in the formation of institutions that let transform the resource potential in the real growth of public welfare. The environmental indicators have been proposed as one of the criteria for considering the efficiency and effectiveness of social reproduction.

Article is written in Ukrainian

Kovalchuk M. V.
The Post-Global Security Space (p. 34 - 40)

The article is aimed to explore the threatening influence of the latest post-global phenomena and processes on the architectonics of security space of the global economic system. The article analyses the main measurements of economic space, explores the architectonics of security space from the perspective of institutional economics and, in particular, defines institutional imperatives for the formation of architectonics of security space, features of the new specific threats to the global economy in the post-global transformations phase have been described, the need for transformations in the existing institutional structures in order to increase the efficiency of their functioning and prevent the onset of large-scale crises of economic and geopolitical nature has been proven. Prospects for further research in this area is to identify threatening influence of post-global trends on the national economy and to elaborate recommendations for supplement and improvement of the architectonics of security space in current conditions.

Article is written in Ukrainian

Loshkovska K. S.
Paradigm Approach to Defining the Index Model of Creativity (p. 41 - 45)

Creativity today is regarded as the new currency in the global world. While in a previous era, a basic requirement for success was the usefulness, integration and the ability to work with new technologies, today the ability to generate new ideas and turn them into innovations represents the new key to success. In connection with the growing role of creativity in the world, scientists are increasingly interested to explore the creative economy, including studies of this phenomenon as an important and necessary policy-forming subject. Today's world is a tough global competition between cities and countries. It's the competition for markets of goods and services, for access to resources, for attracting human capacities and capital. The struggle of attracting to the own territory people, finance and the latest technologies lingers on. The increasing relevance has got the concept of creativity in terms of the creativity indices. The latter provide analytical tools for assessing the economic effects of the creative economy and determining the effectiveness of policy decisions. In this article comparison and analyzis of 12 creativity indices is carried out, their strengths and weaknesses are highlighted.

Article is written in Ukrainian


Mykolenko O. P.
Economic Institutions for Adaptation of the Open-Type Economic Systems to Globalization Processes (p. 21 - 26)

The article is aimed to develop a conception about factors of achieving dynamic stability of the open-type economic systems in conditions of postindustrial development. In the analysis and synthesis of scientific works by foreign and domestic scholars, current forms of network interactions of economic entities on the market have been allocated. As result of research, the network-based corporate and non-corporate inter-firm relations have been described. The specific role of the network institutions in the flexible framework of the vertically integrated structures has been disclosed, which, on the one hand, provides the latter with their own adaptability and resistance, on the other hand, provides stability of economic systems in the context of the postindustrial economy and increased competition. The most viable economic institutions, which are prone to institutional benefication of their own organization and obtaining synergy, have been allocated. It has been concluded that the network institutions ensure the integration of the open-type economic systems into global space and have specific capabilities of adapting the system to changes in the global environment.

Article is written in Russian


Maksymenko A. V.
Global Imperatives of Taxation of the TNCs' Activities (p. 30 - 34)

The tax systems of developed world countries at present are unique and multivarious. They vary depending on the level of the tax burden, the ratio of direct and indirect taxes, the size of tax rates. In the process of tax competition, each country is trying to find certain competitive advantages that will enable it to cooperate effectively with key market participants and fulfill its own tasks. These advantages are especially relevant in relation to international activities of TNCs, which have the ability to choose countries with more favorable tax field. So, to date, countries need to find a compromise between implementation of both TNCs' and their own interests. The article is aimed to clarify the global tax imperatives towards the TNCs' activities as well as improving the leverages of international taxation. In the course of research, the question as to whether TNCs are subject to tax jurisdiction was disclosed. It has been proved that choice of the home country for the TNC's parent company affects the industry in which the company operates. The necessity of reforming the system of taxation of TNC because of violation of the principle of horizontal equity has been substantiated. The solution to the problem may be offered by harmonization of taxation, which is what Europe and the countries of the Asia-Pacific region are trying implement nowadays. The next step will be creation of a new international tax regime, allowing TNCs to carry out their activities freely under any jurisdiction.

Article is written in Ukrainian


Syvak R. B., Poda A. S.
Essence of Transformation of Logistic Centers in a System of Global Logistic Service (p. 23 - 28)

The article is aimed to define the evolution of essence of logistic centers in the process of establishing a global logistic system of the world economy. A global logistic center is defined as a link in the global supply chain, whose function is the logistic management of the global material flows with a view to their logistic transformation and/or adaptation to requirements of the next links in the indicated chain. Philosophy of creation and management of a global logistic center, as well as strategic priorities of its operation, should take into account the global challenges of the world economy, in particular the need to take into consideration the parameters of sustainable development, harmonizing of the global supply chains and reducing the transaction costs for relocation and consumption of material flows. Four levels of the logistic centers have been allocated, providing a basis for building different conceptual models of such centers; the evolutionary signs of appearance of the logistics centers as to each of these levels have been formulated as well. It has been concluded that formation of a network of international logistic centers in Ukraine, due to a number of administrative-legal, methodical and institutional circumstances, can be materialized on the principles of public-private partnership, involving the global logistics providers with their considerable experience as well as both investment and institutional potential.

Article is written in Ukrainian


Bezrukova N. V., Svichkar V. A.
The Contemporary Architecture of the Global Economy: an Analysis of Changes and Trends (p. 25 - 31)

The article is aimed to analyze new trends taking place in the today's global economy, with the purpose of forecasting the future architecture of the world economy and determining roles of various world countries in the global economic system. Contemporary trends of the economic globalization process in terms of both the trade and investment aspects were examined. Characteristics features and elements of economic globalization were allocated. It has been specified that this process is of controversial nature and can bring ambiguous implications for the world countries. A few years ago the developed countries were leaders in both the world trade and global investment, but nowadays there is a change in the architecture of the world economy for the benefit of the developing countries. It has been emphasized that in the developing countries the process of transnationalization is taking place violently: new transnational corporations are being created and developed, which carry out active expansions on the markets of the both developed and developing countries. Rapidly growing are trade and investment flows within the developing countries that provides them with the means of production and large sales markets.

Article is written in Ukrainian


Jalilov A. Y. o.
Institutional System of the Fragmented International Production by Transnational Firms (p. 36 - 40)

The article discusses the essence of the institutional system of the international production by transnational corporations in the context of its deepening fragmentation, strategic objectives of management of the global value chains, created by corporations, influence of the heterogeneity of transnational firms on both the formation of global networks for their operations and their geographical configuration. The complex, multiple nature of the architecture of the modern international production in these companies is disclosed. It is substantiated that the most important features of the institutional mechanism of the international production by TNCs are transfer of targets and requirements to all its participants related to the manufactured products, processes and transactions, maintaining and increasing the strength of the parent company in the global networks, as well as assigning to it the maximum of the created value added.

Article is written in Ukrainian


Petrenko K. V., Pigul V. V.
Peculiarities of Formation and Development of the Global Labor Market (p. 37 - 42)

The article is aimed at comprehensive studying of the processes in the formation of global labor market. Theoretical aspects of formation of the global labor market have been considered, theories of development of the labor market in the context of labor force migration and in terms of various economic schools have been explored, segments of the modern labor market and the factors influencing it have been provided. The article also analyses the current status of the labor market of the world, namely, by researching the major trends in both employment and unemployment in the recent years. It has been determined that there are a number of problems which negatively affect the functioning of the global labor market, including the rising unemployment and the reducing employment. Trends to increase employment in the service sector as well as «brain drain» have been researched. It has been found that for a better functioning of the labor market, creation of new jobs together with stimulating activities of the economically active population is necessary, thus the economic development of the world countries will be forwarded.

Article is written in Ukrainian


Shtal T. V., Zmieieva G. O.
Systematization of the Methods for Evaluating the International Competitiveness of Enterprise (p. 19 - 24)

The article is aimed at studying methods for evaluating competitiveness, identifying their practical relevance to domestic enterprises on example of the ОАО «Zavod «Yuzhkabel». A system of methods for evaluating international competitiveness of enterprises has been analyzed, the most frequently encountered in the economic literature methodologies for estimation have been considered. As a result, weaknesses of the individual elements of the system have been identified. Practical significance of the study has been disclosed, the most effective methods for evaluating the international competitiveness of enterprises have been identified. Using methods such as the method of rating estimation, the «4Р» matrix, the «McKinsey» matrix, the Hirfindahl-Hirschman index and the polygon of competitiveness model, international competitiveness of the ОАО «Zavod «Yuzhkabel» has been evaluated. Conclusion about the extent of enterprise's presence at the international market has been made.

Article is written in Russian


Panevnyk T. M., Bolgarova N. K.
The Integration Aspects of Activities of the Companies in the Oil and Gas Industry Sector in the Context of Globalization (p. 20 - 25)

The article considers both the dynamics and the structure of oil and gas production in Ukraine, situation of the oil and gas companies at the current stage of globalization of the world economy have been covered. The main problems impacting the functioning of the domestic industry sector have been identified, including the lack of effectiveness of the existing integration processes. The world trends and patterns of integration processes have been considered. It has been determined that the oil and gas industry sector leaders are the multinational companies that actively use integration in their practices. The current trends in creating integration linkages in different parts of the process chain in the oil and gas industry have been identified. Influence by large corporations of the innovative type on the creation of a favorable investment climate has been confirmed, as well as conducting their own policies of expansion in the overseas markets. On the basis of studying the foreign experience, expediency of development of the oil and gas sector enterprises by activating integration processes has been substantiated. Priorities and possibilities for further functioning of enterprises in the the oil and gas industry sector have been identified.

Article is written in Ukrainian


Dovgal O. A., Pankova Y. M.
Features of Both the Contents and the Forms of International Business in the Conditions of Globalization (p. 25 - 30)

In the article, on the basis of an analysis of publications and the Ukrainian legislation, the concept of «international business» has been clarified and the list of its forms has been defined. It has been specified that transnational corporations (TNCs) are the most effective form of organizing the international business, also the list and characteristics of the major international TNCS in the world in 2014 have been analyzed. The concept of «globalization» has been analyzed and the ranking of countries according to the globalization degree of the Globalization Index has been considered, which takes into account characteristics of the countries by four areas (economic globalization, personal contacts, information-communication technology, involvement in the international politics), where Ukraine in 2015 was placed the 42nd out of 207, it has been noted that this indicator has positive dynamics. The article also discovers and describes the impact of globalization processes on the forms of international business in the following areas: political globalization; financial-economic globalization; territorial-demographic globalization; informational-communicational globalization. Prospect for further research in this direction is studying the environment and development factors in terms of the contemporary forms of international business.

Article is written in Ukrainian

Dumikian M. M.
The Impact of TNCs on Development of the Telecommunication Services Market in Ukraine (p. 31 - 35)

The article is concerned with the topical issues of evaluating the impact of transnational corporations on development of the telecommunication services market in Ukraine. The leading value of transnational corporations as the main structural elements, the main driving force of development and increasing efficiency of the telecommunication services market in Ukraine has been proven. The main attributes, by which a company operating on the market of telecommunication services can be categorized as multinational corporation, have been formulated. Both the positive the and negative influences of the foreign transnational corporations on the innovative development of the national telecommunications market have been studied. A complex of strategic measures to be implemented in order to ensure equal opportunities for competitive development of all actors in the national market of telecommunication services has been proposed. A promising direction for further research is to evaluate foreign experience in overcoming the negative factors of impact by transnational corporations on development of the telecommunication market.

Article is written in Ukrainian


Pyroh O. V., Maksymchuk I. S.
Evaluating the Stability of the Economic Development of Global Cities (p. 57 - 65)

The objectives of the article are: studying the socio-economic tendencies in the development of global cities, defining the characteristics of their economic development, and evaluating the stability of their economic development over the medium term (2000-2014). Having tested the hypothesis of the impact of innovation activity on the economic growth, it can be argued that the economic growth of global cities is achieved primarily through job creation and employment generation, and then, finally, due to innovation activity. It has been suggested that stability of the economic development of global cities be evaluated by means of an integral method that has helped to determine that the global cities of the Alpha ++, Alpha + and Alpha sub-groups are evolving steadily, while the global cities of sub-groups Alpha-, Beta +, Beta–, Gamma, Gamma–, and High sufficiency are characterized by unstable and rapid economic growth.

Article is written in Ukrainian

Lelyuk O. V.
The Global Tendencies in the Fuel Sector: Challenges for Ukraine (p. 66 - 74)

The article presents an analysis of the main competition-generating factors in the development of the world fuel sector: demand, supply, stocks and prices. Certain global trends show the multi-directional development of both developed and developing countries. There are the following differences: first, the OECD countries can target their own fuel-energy balances for the gradual replacement of hydrocarbons by renewable energy sources, while the non-OECD countries remain supporters of cheap and traditional energy resources; second, the OECD countries do not reduce the rate of production of conventional energy resources, and the non-OECD countries meet their growing needs, among other ways, at the expense of the aforementioned countries; third, there is a significant disproportion in the energy balance in the OECD countries, which is covered by imported hydrocarbons, whereas in the non-OECD countries there is a greater kinship between sources of energy security. At the same time, the tendency towards globalization of the market for traditional hydrocarbons is unique to the oil market, while only gaining momentum in the natural gas market, and in the coal market the scale of world trade is negligible.

Article is written in Ukrainian


Syvak R. B.
The Directions to Institutionalize Globalism in the Context of Sustainable Development of the World Economy (p. 8 - 13)

The article is aimed at defining the directions of institutionalization of globalism as a new global social order orientated towards sustainable development in the context of the transformation of multitude of actors in the world economy. The article substantiates a hypothesis that economic globalism provides to detect the worldwide environmental and social problems of the industrialization of national economies and constitutes an important prerequisite for the humanitarian and ecological globalism that can elaborate new global dualistic instruments for sustainable development. An author’s own vision for addressing the problem of global leveling of incomes and limiting the global consumption through social and environmental responsibility of the middle class, as well as regulating the global markets, in particular through establishing the global government institutions within the UN structure, has been proposed. An alternative to the global management institutions have been considered the multi-level multi-intelligent systems, formation of which implies a clear awareness of their elements of opportunities and threats to activity together with setting adequate goals. It has been concluded that the identified tendencies in the development of world economy underscore the need to transform the institutional support of global management in the context of the realization of a globalizing society as a new social order and the need to mitigate the impacts of economic globalization by means of the conception of the global sustainable development.

Article is written in Ukrainian

Iurchenko S. O., Iurchenko О. Y.
The International Migration of Population in the Current Phase: Tendencies and Challenges (p. 14 - 19)

The article considers the characteristics of contemporary international migration of population. It has been shown that international migration encompasses all countries over the world and is an important constituent of the globalization of the world-wide economy. Tendencies in the international migration have been described by regions of the world and by type of country. It has been shown that a concentration of international migrants is present in a relatively small number of world countries, while the developed world is more attractive to migrants than the developing countries. The structure of migrants by sex and age has been considered and the most attractive regions for the migration of women and men have been identified. The problems and tendencies of the forced migration of population have been identified. It has been determined that, in many developed countries, the migration inflow of population will increase in importance in the demographic situation. The need to develop a migration policy in the regions of different hierarchical levels and to implement it in practice has been indicated.

Article is written in Russian


Mykytas V. V.
The Economic Sovereignty of the State as the Defining Instrument of Economic Policy in the Context of Globalization (p. 44 - 49)

The modern world is characterized by rapid integration and globalization processes, which have both a positive and a negative impact on the development of each country. National economies operate in the midst of global uncertainty, which is becoming the platform for the formation and implementation of the State economic policy, which should not only describe the conditions for strategic development of country but also adequately respond to the risks emerging out of the complex integration processes. The failure of the State to respond in a timely and adequate manner to the risks will result in lesser benefits and positive effects of integration processes than the impact of destabilizing factors. In such circumstances, economic sovereignty becomes the most important instrument of the State through which it can defend its national economic interests and form an effective economic policy.

Article is written in Ukrainian


Novikova L. V., Chernyshova L. O.
The Formation of a Positive International Image of Country as a Means of Enhancing Competitiveness (p. 30 - 35)

The article is aimed at studying the essence of the concept of «image of the state» and substantiating the conceptual model of forming a positive international image of country as a means of enhancing competitiveness in the international market. The essence of the concept of «image of the State» has been defined. The factors influencing the formation of the international image of country have been distributed and systematized. The principles on which the process of formation of country image of modern format, receiving public recognition and adequate international estimation, have been allocated. A conceptual model of formation of positive international image of country, based on the hypothesis of influence of positive image on creation of significant competitive advantages in the international market of goods and services, has been proposed. The key features of the model are defined as: clear distribution of the roles of the stakeholders of national image – subjects of the global economic system, level of their involvement in the process of formation and integration of the State economy into the system of international institutions.

Article is written in Ukrainian

Shvydanenko O. A., Savchenko I. A.
The Current Approaches to the Harmonization of Interests of Participants of Competitive Relationships at the Global Level (p. 36 - 40)

The key problems of development of participants of global competitive relationships, approaches to harmonization of their interests have been considered. The article defines essence of the global system of regulation of competitive relationships, the technology of its formation, improvement and development, taking into account the reasonable assemblage of relevant principles. The main tasks and processes of formation of the competitive culture in the context of globalization changes have been highlighted. The strategic directions of improvement of the system of regulation of competitive relationships in accordance with transformation of external conditions of development of globalizing space and strengthening of international character of competition have been specified. The organizational-economic mechanism of the system of regulation of competitive relationships has been provided.

Article is written in Ukrainian


Hnedina K. V., Petrakov I. V., Syzonenko O. V.
The Global Trends in the Alternative Energetics and Improvement of the State Policy in the Sphere of Fiscal Security: in Search for Equilibrium and Markets (p. 38 - 42)

Alternative energetics is an important component of the competitiveness and security of the national economy. Its rapid development over the past 10 years is caused by both the attempts of individual countries to maintain and strengthen their competitive advantage in the world markets and the efforts of international organizations (UN, IRENA, IEA) to consolidate different stakeholders to achieve energy and fiscal security, protection of environment and improvement of climate conditions. The article is aimed at generalizing global trends in alternative energetics in the context of development of the State policy in the sphere of fiscal security. A brief overview of the latest trends in the alternative energetics development, most of which focus on identifying the basic sectoral trends, has been provided. However, the issues of fiscal security in the energy sector remain poorly researched, especially in terms of formation of the State policy, consolidating interests of different groups of stakeholders. It has been determined that in the developed countries a significant growth of alternative energetics is caused by the consistent State policy on creation of conditions for formation of effective branch markets and the solving of so-called energy trilemma.

Article is written in Ukrainian


Cherkas N. I.
The Theoretical Aspects of the Development of Global Production Networks and Value Chains: the New Paradigm of Globalization (p. 52 - 59)

The article is aimed at systematizing the contemporary perceptions of the changing paradigms of globalization and international competition as a result of the spread of global networks and value chains. The development of global value chains (GVC) occurred as a result of two distributions of globalization: (1) global competition is manifested at the level of sectors and companies (from the mid-nineteenth century) (2) the concept of trade in tasks arises (at the end of XX century). The publication analyzes the impact of globalization on the international competitiveness of both the EU and the developing countries in the trade of final products and tasks. The model takes into consideration differences in wages, technology gap and trade costs, and provides for assessing the comparative advantages of individual sectors or segments of GVC. Features of the conception of global production networks have been identified as: «imports for production» and «imports for exports», which define international competitiveness on the basis of creation of the intrinsic value added. It is determined that the competitiveness of the economy is determined by the country’s positions in the GVC, and the increase in productivity of companies depends on their involvement in the segments (tasks) with a high level of value added.

Article is written in Ukrainian


Rudnichenko Y. M., Havlovska N. I., Havlovska V. I.
Globalization, Import Substitution and Economic Security of the State: Interaction and Interdependence (p. 26 - 32)

The article analyzes the existing approaches to interpretation of the category of «globalization». The ambiguous attitude to globalization in the scientific sphere is defined, because together with positive elements of «erasing» of borders and deepening of economic relations there is a significant number of threats both for individual countries and for separate economic entities. The rating of Ukraine according to the index of the globalization level (KOF) is presented, which includes the components that measure the economic, social and political aspects of globalization, and dynamics of the change of this index for 2017–2018 are provided. The definitions of national security are detailed and the peculiarities of the influence of globalization on the national economic security are defined. A number of measures have been proposed to minimize the impact of globalization on the national economic security, among which: import substitution, support of own producers, and preservation of the intellectual potential of the nation.

Article is written in Ukrainian


Khalina O. V.
The Uneven Economic Development of World Countries as a Global Problem of the Present (p. 15 - 20)

The article is aimed at analyzing the uneven economic development of world countries, estimating the current status and global problems arising in the development of world economy. The problems of growing interdependence in the global world are considered. Relevance of the fundamental research on the phenomenon of economic unevenness as a component of global problems of the modern world is substantiated, the dynamics of spreading the problem of unevenness in geographical and temporal space together with the reasons for their aggravation are disclosed. Considerable attention is paid to analyzing of influence of the global problems of modernity on deepening the problem of uneven economic development. On the basis of the carried out research, the new tendencies and features of the uneven economic development of the countries in current conditions are revealed. In particular, the author considers the tendency to dialogue of different cultures and civilizations towards elimination of contradictions and solving the aforementioned problems from the standpoint of unity of both material and spiritual foundations of human existence. It is specified that, as the world economy is developing, new global problems are prognosticated, which can cause deepening of imbalances in the world economy, therefore, a global coordination of actions of economic entities in terms of planetary scale is necessary.

Article is written in Ukrainian

Fomina Y. V.
The Asymmetry of Global Development of World Economy in the Context of its Intellectualization (p. 21 - 25)

The article is aimed at studying the problem of asymmetry of the world economy during the phase of intellectualization and finding ways to solve it. A clear analysis of manifestations and causes of the increase of the gap between the life level and profitability of economic activity of the world’s leading countries and all other economic systems is presented; forms of interstate technological asymmetry are defined; an analysis of development features of the countries applying for technological leadership is carried out; the reasons slowing down the processes of intellectualization of an economic system are allocated. The recommendations on reduction of the interstate technological asymmetry together with possibility to implement the global innovative breakthrough, narrowing the gap between the levels of technological development of different countries on the basis of partnership, are provided.

Article is written in Ukrainian

Kuzmin O. Y., Shakhno A. Y.
The State Regulation of Migratory Processes of Human Capital in Conditions of Globalization (p. 26 - 35)

The article is aimed at studying the main migration processes and their impact on the development of human capital in Ukraine. The role of the State in regulating migration in the context of globalization is considered. The main directions of international migration of human capital, their causes and consequences are defined. The main functions and factors influencing migration processes are characterized. Both the positive and the negative consequences of impact of the external labor migration on the human capital development have been identified. The attention is focused on the negative consequences of the outflow of intellectual capital for Ukraine, which is an obstacle to the socio-economic development of the country and reduces the level of its competitive advantages, as well as threatens its national security. The geography of migration processes is researched and their quantitative characteristic is provided. It is substantiated, that one of the main factors of strengthening of internal labor migration in Ukraine is unevenness of economic development of regions of the country. The model of improvement of the mechanism for the State regulation of migration processes of human capital of Ukraine in the conditions of globalization is developed and proposed; the complex of measures allowing to reduce negative consequences of migration and to improve socio-economic indicators of Ukraine is presented. Prospects for further research are in-depth studying of the role of the State in improving the quality of migration processes in order to increase the competitiveness of the national economy.

Article is written in Ukrainian


Khanin I. H., Polyakov M. V., Bilozubenko V. S.
The Asymmetry of the Global Space of Knowledge Economy: an Estimation by the Example of Gaps of the National Science Indicators (p. 16 - 23)

The modern world is in the process of moving towards a better economic paradigm based on the model of knowledge economy. Globalization is increasingly embracing the sphere of knowledge, including science, education, information-communication technologies, innovative entrepreneurship, knowledge-intensive productions. In such circumstances, an important problem is the increasing asymmetry in the global space of knowledge economy, which, in particular, is manifested in the gaps in national science indicators. The article substantiates the mosaic nature of the modern world economy and the emergence of international asymmetry in the sphere of knowledge, which becomes even more high and large-scale. A statistical estimation of gaps in the national science indicators as a characteristic of the level of asymmetry of the global space of knowledge economy was carried out. Based on the analysis of indicators (expenditures on research and development, number of researchers, producing of intellectual property, patenting, scientific publications, high-tech export), conclusion about the growth of gaps in the national science indicators was made. This creates a challenge for the world community and requires special measures to support the outsider countries.

Article is written in Ukrainian


Semenenko T. M.
The Strategies for Internationalization of the Automotive TNCs in the Context of Global Financial-Economic Instability (p. 20 - 25)

The article is aimed at identifying key strategies for internationalization of automotive transnational corporations (TNCs) as one of the leading and strategically important sectors of the world economy against the backdrop of global financial and economic instability. The key internationalization strategies used by modern TNCs in the automotive industry are considered. In particular, attention is paid to the merger and acquisition agreements in the automotive industry. Along with substantiation of the need to modularization of the global automotive industry, importance of such process is considered. The outsourcing mechanism which is widely used by leading automakers world-wide is characterized. The modern corporate strategies of automotive TNCs are based on the fundamental reorganization of the geographical configuration of the global value chain, taking into consideration key trends in the development of the regional automotive markets.

Article is written in Ukrainian

Simakhova A. О.
The Transitive Model of Social Economy in the Global Environment (p. 26 - 31)

The article is aimed at researching the transitive model of social economy in the global context. The bases of securing the welfare of population in different countries with transitive economy are analyzed by the following indicators: average monthly wages, GDP per capita, level of inflation. The levels of unemployment and self-employment of the population are researched. Reasons of distribution of the countries with transitive economy by various models of social economy are substantiated. As a result of the study, the main reasons of distribution of the countries with the transitive economy by three models of social economy: transitive, mediterranean and continental are allocated. Prospect for further research in this direction is determination of Ukraine’s position according to the global social indices in the global social environment.

Article is written in Ukrainian


Hlushach Y. S.
Ranking of Countries in the Global Economic World (p. 13 - 19)

In the context of globalization and the development of digital economy, an important instrument for evaluating the potential of countries and their integration into the international economic space are ratings of globalization indices, of economic freedom and global competitiveness. The article is aimed at highlighting the methods of calculating ratings and applying them to measure different aspects of macroeconomic status of countries. The key provisions of rating methods and algorithms for generalization of primary data in calculation of ratings are presented; a characterization and sequence of procedures for determining the indices of the globalization index and economic freedom index are provided, and the positions of countries in the system of these indicators are analyzed; strengths and weaknesses of the national economy are identified in the context of global development. The relatively low level of Ukraine in the ratings of globalization and economic freedom testifies to its economic, political and social instability. To achieve progress, more effective action is needed in the countering corruption, development of the capital market, privatization of State-owned enterprises, improvement of the legal framework, and ensuring the rule of law.

Article is written in Ukrainian

Voloshyn V. I.
The State Policy of Ensuring Economic Security of the State in the Conditions of Hybrid Threats (p. 19 - 24)

The article is aimed at substantiating the theoretical and methodological bases for increasing the efficiency of the State policy of ensuring economic security in the conditions of external hybrid aggression. It is proved that conditions of financial-economic and informational globalization create preconditions for deformation of the established approaches to realization of applied bases of the State policy of maintenance of economic security of the State. The nature, specificity and nature of destabilizing influence of hybrid threats on the processes of ensuring economic security of the State are identified. Approaches to the implementation of security at the macro level in the context of the growing transformations and processes of globalization of financial, economic and informational nature are developed. The conceptual mechanism for realization of the State policy of ensuring economic security of the State in conditions of financial, economic and information globalization is substantiated.

Article is written in Ukrainian


Kobylianska A. V.
The System of Goals of the Imperative Process-Objects of Global Economic Management (p. 26 - 31)

The article is aimed at studying the process-objects of global economic management from the standpoint of correlation of goals of their functioning with the forms of international economic integration, international economic relations and channels of implementation of global economic management. Based on the writings of scholars, the article analyzes the goals of the following process-objects of global economic management: integration, segregation and aggregation, localization, globalization and glocalization, convergence and neoconvergence, etc. A qualitative estimation of possibilities of simultaneous achievement of goals of the mentioned process-objects together with goals of functioning of various supranational formations: international organizations, regional associations, metacorporations is provided. The findings make it possible to understand how the existing forms of global economic management are combined with the contemporary processes in the global economy.

Article is written in Ukrainian

Nosach I. V., Starchuk N. V., Liebiedieva D. O.
The Economic Competition in the Context of Global Information Capitalism (p. 32 - 38)

The article discloses the role and types of economic competition in the context of global information capitalism, which covers the developed countries of the world. The views on the formal basis of the development of society (negativity towards capitalism or its modification) are generalized, arguments of the authors of the article in favor of the latter are provided. The main driving forces of globalization, which leads to the formation of global competition as a new historical phenomenon, are specified. The principle of two competitions, socialization of capitalism as a method of competitive struggle of TNCs and a new tendency – monopolisation of markets are considered. Ukraine’s transition to a full-fledged capitalist market is critically analyzed. Features of current scientific research on the competition are presented. A modernized modification of the competition policy is suggested, the new direction of which in Ukraine should become, first of all, not the advocacy of competition, but a competitive higher school, in the course of political economy of which should be introduced post-industrial processes allowing Ukraine to accelerate the transition from the industrial market to the information post-industrial society.

Article is written in Ukrainian

Pasenko V. M., Kryshnia T. O.
The Goals of Sustainable Development as a Condition for Enhancing the International Competitiveness of Countries (p. 38 - 44)

The main aim of the article is studying and determining the dependence of competitive economy on strategic direction for sustainable development. Features of influence of indicators of sustainable development on enhancing of competitiveness of a country are analyzed. The article substantiates importance of the State’s orientation towards achieving the goals of sustainable comprehensive development as one of the vectors that facilitates the formation of a modern and sustainable competitive economy through the coordinated and systematic actions by the authorities, the private sector and the population to maintain and further increase of development indicators. The correlation field is used to illustrate the density of interaction and the straightness of the impact of the indicator of sustainable development on competitiveness.

Article is written in Ukrainian

Cherkas N. I., Chekh M. M., Vasylytsia O. B.
The Economic Modernization in the Global Value Chains (p. 45 - 50)

The article is aimed at researching the essence, mechanisms for and ways of achieving modernization of the domestic economy provided integration into the global value chains. Features of mechanisms for achievement of technological updating of production in different countries are analyzed. Several types of economic modernization are generalized, in particular production processes, products, functional processes and the inter-sectoral level. The contemporary regularities of the value-added formation and the principles of transition to production with high added value are systematized. Features of influence of global value chains on internal economy through transmission mechanisms are demonstrated. The carried out analysis shows that the positive impact of integration into the global value chains on the internal economy depends on the absorption capacity of the national companies. It is determined that the achievement of economic modernization in the global value chains depends on the macroeconomic and institutional environment that determine the efficiency of both foreign direct investment and netization.

Article is written in Ukrainian


Butenko N. V., Boguslavskyy O. V.
The Transformation of Competitive Relations in Conditions of Globalization (p. 32 - 38)

The article researches the basic directions of transformation of competitive relations in conditions of globalization. The theoretical contribution to the formation and development of the theory of competition and competitive advantages of representatives of behavioral, institutional, neoinstitutional and neo-classical directions of economic theory is analyzed. It is concluded that under the influence of globalization, such types of partnership relations as cooperation, сoevolution, consolidation become wide-spread. Preconditions of transition from the strategy of rivalry to the partnership relations are defined. The competitive advantages, which are obtained by business entities due to the development of partnership relations, are characterized. The authors provide examples of the world companies which reoriented their competitive strategies towards coopetition interaction; examples of strategic alliances, which are concluded by global competitors as a result of such interaction, are considered. The conceptual model of ensuring competitiveness of the national economy on the principles of transformation of competitive relations from rivalry to cooperation is proposed; the main competitive advantages associated with establishing long-term partnership relations are defined.

Article is written in Ukrainian

Kyzym M. O., Kramarev H. V., Ivanova O. Y., Khaustova V. Y.
The Theoretical Foundations of the Development of Global Value Chains (p. 39 - 50)

The article is aimed at defining, generalizing and systematizing the theoretical foundations of the development of global value chains (GVC). It is determined that the rapid development of modern technologies and the spread of globalization processes have led to transformational changes in the world economy, one of the key aspects of which was dissemination of the GVC. The genesis of development of the GVC theory and its basic conceptual apparatus are researched. The model of value chain and principles of its work are considered. Features and directions of countries’ participation in the global system of value chains are analyzed. The genesis of the GVC concept is generalized. The definition of the essence of the concept of «global value chain» is proposed, characterizations of its various types are considered. Forms of management of GVC and ways of organization of deliveries within their limits are defined. The advantages and risks of participating countries in the GVC are characterized. The main characteristics of research directions of global chains and networks are allocated. It is proved that researches of the theoretical foundations of functioning of GVC are important for determination of causal relations between peculiarities of development of economies of the world countries and the level of their participation in the GVC, and also are the basis of formation of both the State and international policy. The identified risks associated with the participation of companies and countries in the GVC should be taken into account when assessing the foreign economic security of the country, considering its inclusion in the value chains. It is particularly important to consider such risks in case of the countries with economies in transition, which include Ukraine.

Article is written in Ukrainian

Shaulska L. V., Usyk I. O.
Researching the Factors of Economic Cyclicity of Development of Ukraine in Conditions of Globalization (p. 51 - 58)

The article is aimed at researching the factors of economic cyclicity and identifying the regularities of the country’s development in conditions of globalization. The changes of indicators of economic cyclicity in the context of four states of socio-economic system and also the crisis dynamics of Ukraine are analyzed. The change of the economic indices for the world countries in 2008–2017 is explored. Discrepancies of the components of economic system of Ukraine in contrary to the needs of competitive development of advanced countries are defined. It is determined that trade and investment are the leaders of this period of economic recovery. According to the results of research on the economic cyclicity factors, the authors came to the conclusion that Ukraine is again on the verge of economic survival. However, despite considerable difficulties, the country retains the potential for recovery, and with accelerated reforms, changes in the public administration system, active involvement in global production and financial flows, etc. Ukraine will be able to take a worthy place in the world economy in a relatively short period. Prospect for further research in this direction is a substantiation of modeling the global economic cyclicity, and at the conceptual level there is a need to refine some concepts together with a logical use of them in practice.

Article is written in Ukrainian


Naumova M. A.
The Impact of Global Challenges on the Functioning of Labor Market (p. 40 - 49)

At any stage of the country’s socio-economic development, labor market is the most sensitive indicator of changing market conditions, a rapid response to the manifestations of macro-economic instability and turbulence of economy. Therefore, one of the priorities of the State policy in the sphere of employment of the population is the analysis and forecasting the status of labor market in the period of significant shifts in its established tendencies related to the rapid pace of globalization of the worldwide economy. The article is aimed at analyzing the impact of global challenges and the related risks on both the world and the national labor markets, defining the appropriate directions of the State policy and economic conditions for its effective functioning during the period of macro-economic instability. The topical global challenges influencing the current functioning and trajectories of development of both the worldwide and the national labor markets are systematized. The list of risks faced by the Ukrainian economy is provided. The directions of the State policy together with conditions for efficient adaptation of the population and economy of Ukraine in the period of macro-economic instability connected with the newest problems of mankind are formulated. The technologies, professions and skills that be most in demand in the future and be able to radically change the appearance of the world business in the coming years, are indicated and their advantages and the related problems are considered.

Article is written in Ukrainian


Tymoshenko O. V.
The Problems and Threats of the Fourth Industrial Revolution: Consequences for Ukraine (p. 21 - 29)

The article is concerned with researching the phenomenon of the Fourth Industrial Revolution, its impact on the development of society at the global level, systematizing its main challenges and possible consequences. The level of development of digital economy in Ukraine is analyzed, the role of Ukraine in the epoch of technological changes is indicated; the place of Ukraine among the world countries according to the global index of innovations is determined; the main factors of economic environment of Ukraine concerning its readiness for the Fourth Industrial Revolution are researched and the basic drivers of economic growth of Ukraine due to the efficient introduction of attributive principles of Industry 4.0 are substantiated. On the basis of the carried out theoretical-methodological research, it is concluded that Ukraine has sufficient potential to occupy a central place in the world in the sphere of information and communication technologies. Proposals as to minimization of negative influence of threats of the Fourth Industrial Revolution and efficient introduction of the concept of Industry 4.0 in Ukraine are formulated.

Article is written in Ukrainian

Shlapak A. V.
The Paradigmatic Bases of the Global Competitive Leadership (p. 30 - 36)

The article is aimed at defining the paradigmatic principles of the global competitive leadership. The dynamics of volumes of the world exports, clearly expressed in the growth rate of the world trade and growth rate of global gross domestic product, are displayed. The growth of capitalization of the world financial market is indicated, where diversification of the instrumental structure and increase of volumes of financial transactions are carried out by the economic agents of different national affiliation. The fundamental influence of technoglobalism on the expansion of sources of the competitive leadership of countries is indicated, which is manifested primarily in the intensification of the interstate scientific-technological exchange and the rapid interregional diffusion of the scientific-technological developments and innovations. Pointed out is the multidimensional influence of institutionalization on the mechanism of the competitive leadership of countries through active development of a branched system of supranational institutions of regulation of all subsystems together with the structural components of the world economy. A powerful consolidating influence on the processes of development of the global market system of the global market as such, global demand and supply is characterized. The vector orientation of providing competitive leadership of the countries with its reorientation from the national trajectory to the regional and global ones is analyzed. It is concluded that the global phase of the world economic development radically transforms all the constituent elements of the philosophy of development of competitive leadership.

Article is written in Ukrainian


Gybanova N. N., Klymova S. O.
Alterglobalism in the Conditions of Transformational Economy (p. 14 - 18)

In today’s world, the processes of globalization play a significant role and cause influence on all spheres of society’s living. The research analyzes the ambiguous impact of globalization on the world economy, the economic security of countries and the distribution of emerging economic benefits and threats. The negative phenomena caused by globalization give rise to a number of problems, such as the global unevenness of economic and social development, the deepening of the gap between commodity and financial markets, national and religious intolerance; the creation of a global network of criminal business and international terrorism; the loss of national identity, destruction of normal lifestyles, values, standardization of national cultures; the transnationalization of ecological, economic, technological problems, global nuclear catastrophe. Thus, there is a necessity to research the real perspective of the influence of the alterglobalism ideology on the further development of globalization.

Article is written in Ukrainian

Kalynovskyi A. O., Holomovzyi V. M., Kalynovska N. L., Luchyt L. V.
The Status and Prospects of Development of the World Aviation Industry and the Market of Services on Restoration of Aviation Equipment (p. 19 - 26)

The article is aimed at researching the development of the international aviation industry in the context of market development tendencies with the aim to elaborate forecasts as to the development of world-wide aircraft production. It is shown that the aviation industry is global because of the global demand, while the production and operation of aircrafts can provide a significant savings in terms of the scale. The peculiarity of the industry is its technological complexity, it forms a large value added, and uses innovative approaches. In addition, the industry is heavily dependent on the governmental and political support. It is stated that the world market of services for maintenance and recovery of commercial aircrafts is actively developing, in particular due to: obsoletion and the need to replace many passenger models, converting obsolete models into freight aircrafts, need for more energy efficient aircraft models.

Article is written in Ukrainian

Maksymenko I. A.
Development of the National Economy under the Influence of Global Tendencies (p. 26 - 31)

The article examines the problems of economic development of the national economy under the influence of modern global tendencies. The current status of economic development in Ukraine is analyzed in the context of implementation of the Strategy of sustainable development «Ukraine-2020», identifying several problems in this sphere. The place of Ukraine in the World Bank’s «Doing Business» rating and in the World’s Global Competitiveness Index according to the World Economic Forum calculations is displayed. The indicators of GDP per capita as to the purchasing power parity in accordance with calculations of the World Bank are analyzed, also the indicators of exports, imports, their commodity structure. The role of innovation in ensuring economic development is shown. The need for inclusive development is underlined. The complex task is formulated, which consists in the most efficient realization of own potential of the country, obtaining advantages from full cooperation with other world countries, and also leveling of negative effects from the impacts of global trends.

Article is written in Ukrainian


, Miroshnychenko T. M., Pysarevskyi M. I., Frunt I. B.
The Main Factors Influencing the Policy of Pricing for Gold in the Conditions of Financial Globalization of the World Markets (p. 21 - 27)

The publication is aimed at analyzing the gold market, defining the main factors that influence the pricing for gold, analyzing the world demand for gold. It is indicated that gold reflects the monetary and financial positions of the country and is one of the key indicators of its competitiveness; it is emphasized that the world gold market plays a special role in international finance; it is estimated how the world countries apply a variety of policies to form their gold reserves. The world gold market is analyzed for the time period of the last 10 years, identifying that the demand and supply of the yellow metal are constantly changing both structurally and functionally. Demand depends on the level of industrial development, the need for replenishment of gold and currency reserves of the State, speculative tendencies and generally tends to steady growth. The article covers the issues related to the world economic crisis, which started in 2008 and caused changes in all spheres of life: social, economic, political; which influenced development of the financial sector and the dynamics of both the world and national currencies, provoking instability both world-wide and in the scale of individual countries. In the crisis moments, gold is always an object of increased interest, being a risk-free and protected asset that has high liquidity. The conclusions can be drawn as follows: gold, in comparison with paper assets, remains a popular investment instrument and retains its significance for the States; the factors influencing the formation of gold prices are multifaceted and cover all aspects of the production, sale and consumption of gold. Currently the pricing for gold is being formed under the influence of political and financial factors.

Article is written in Ukrainian

Palamarchuk N. O.
The World Bank Group’s Role in the Implementation of Sustainable Development: Global Dimension (p. 28 - 33)

In the global context, realization of the conception of sustainable development requires consolidation of efforts of the world community by means of the global partnership, the formation of financial and intellectual resources at the world-wide level, and the development of projects and programs in order to address global problems in different regions of the world. One of the international institutions that promotes sustainable development is the World Bank Group. The article is aimed at researching and analyzing the World Bank Group’s role in the implementation of sustainable development in the world. The research provided for identifying the main directions of promoting sustainable development on the part of the World Bank Group, analyzing the group’s financing and crediting, and identifying the main programs and projects implemented by the Group in different regions of the world. Overall, the World Bank Group has accumulated considerable financial resources in recent years and has developed a special approach to the implementation of sustainable development. The analysis of implementation of projects and programs on introduction of sustainable development at the global level testifies to formation of an unique approach to each region of the world. The World Bank has ensured an effective combination of the universal directions of sustainable development and addressing the special problems of groups of countries around the world. Prospect for further research is a more thorough analyzing of regional problems and increasing the efficiency of solving them with the assistance of the World Bank.

Article is written in Ukrainian


Hrazhevska N. I., Shemakhina I. V.
Convergent and Divergent Development of National Economies in the Context of Financialization (p. 14 - 19)

The aim of the study is to identify the impact of financialization on convergent and divergent development of national economies. It is argued that convergence and divergence are two interrelated determinants of the development of the world economy. Based on the analysis of statistical data for the period 2000–2018, it is found that the high growth rates of the relative majority of less developed countries, compared to developed ones, confirm the hypothesis of ?-convergence of national economies and transformation of the world economy into a single structural and functional system. On the other hand, the implementation of the neoliberal model of globalization in the absence of an effective institutional and organizational streamlining of world economic processes deepens the gap between different groups of countries, increasing the divergence of national economies, as evidenced by the growing differentiation of countries in terms of per capita income, which does not support the hypothesis about ?-convergence. Under these circumstances, further institutional and organizational harmonization of the global economy, creation of effective national and international institutions and organizations, mitigating the contradictions of the financialization of the world economy and directing globalization processes towards the coordination of the interests of various groups of countries, are gaining importance.

Article is written in Ukrainian

Sevruk I. M., Tropynina A. S.
Competitiveness of the National Economy in the Context of Globalization (p. 20 - 28)

The aim of the article is to study the competitiveness of the national economy of Ukraine and factors influencing it, determine the position of the country in the world economic rankings, monitor the latest global trends and analyze their impact on the competitiveness of Ukraine in the context of globalization. The theoretical bases of the concept “competitiveness of the national economy” are defined, and factors and patterns of the country’s competitiveness in the global space are systematized. It is determined that innovation, technologies, and human potential are the driving forces of competition in the modern world. With regard to the international practice, it is concluded that the use of the index method, on the basis of which world competitiveness rankings are formed, is optimal. It is established that the most positive dynamics is observed in terms of the Ease of Doing Business Index. At the same time, other indices have a relatively moderate trend with a slight positive or negative deviation. Prospects for further research in this direction are the issues of optimizing national competitive advantages under the influence of global challenges, constant monitoring of the latest trends in the development of the world economy, and analysis of the impact of globalization processes on the formation of the country’s competitiveness.

Article is written in Ukrainian


Kosichenko I. I.
The Transnationalization of Business Activities in the Format of Determinants of Development of the Global Consulting Business (p. 21 - 26)

Aggravation of competition in all branches and sectors of the global economy objectively motivates business structures to constantly improve the quality of goods and services, improve the service, introduce new technological developments, optimization of production processes. With this in mind, the author discusses defining of the progressively stronger trend towards the gradual transformation of the process of natural interpersonal interaction for sharing of experience into a highly specialized form of providing specific professional services, which are known as consulting services. The globalizing determinant, which powerfully influences the dynamics of the global consulting business, is an active development of the processes of transnationalization of capital and production. The dynamic scale-up of the transnationalization of business activities causes the growing needs of corporate structures in: offshoring their financial and economic operations and choosing the offshore preferences; using instruments of the financial tax engineering; the legal and notary support for their offshore operations; optimizing the operating, investment and tax costs; consultative cooperation with the national tax authorities of countries of location of the subsidiaries (concluding tax agreements, negotiating); improving the efficiency of centralized management and the operational effectiveness of modernization of production; and also deepening the internal corporate division of labor in both the fragmented transnational networks and the global value chains. The synergistic effect of the indicated globalized determinants is the main mechanism for the formation in the first quarter of the 21st century of the global model of the world-wide market of consulting services, which demonstrates a fairly high growth rate of capitalization as a reflection of the steady growth in global demand for consulting services.

Article is written in Ukrainian


Pecheniuk A. P.
Implementing the National Ethnocultural Component of the Rural Tourism in the Face of Globalization Challenges (p. 57 - 62)

The article is aimed at forming an efficient marketing model for implementation of the ethnocultural component in the rural tourism in the face of globalization challenges. The research used method of comparison - to define the level of identity of civil society and the quality of education; method of systemic approach – when considering the ethnocultural component as a system consisting of a certain number of interconnected elements that, interacting, mould the tourist consciousness; method of scientific abstraction - in the selection of typical connections in the researched phenomena, allowing to form in a generalized way the directions and criteria for the development of tourism activities. The general tendencies of world development are defined. Features of the national-cultural identification in the face of globalization challenges are determined. Approaches to formation of the ethnocultural component of the nation and its individual constituents are researched. The level of national identity of citizens from the view of their openness to tourism activities is identified. It is determined that Ukrainian society as a whole does not have clearly defined national guidelines. The need to form the tourist consciousness of citizens and the implementation of the national ethnocultural component in the rural tourism are substantiated. Several constituents of the ethnocultural component and the basis for their formation are suggested. A model of interaction between subjects of the rural tourism in terms of the specified base is developed, which will contribute to formation of the conception of development of the rural tourism, which should be basically oriented towards the cognitive ethnocultural needs of consumers. Prospect for further research in this direction is the development of methodical and evaluation parameters for defining the efficiency of the proposed measures.

Article is written in Ukrainian


Semenova K. D., Tarasova K. I.
Global Economic Risks and the Problem of Economic Security of the State (p. 38 - 43)

The article is aimed at analyzing the problem of global risks of modern era. Using the data obtained by experts from the World Economic Forum for 2017-2019, the authors found the five most dangerous global risks in terms of both the likelihood of an occurrence and the scale of the impact. The research identifies tendencies in changing global risks over recent years. It is specified that the main risks are found in the sphere of environment, ecology and technological security (cyber-risks). The emphasis is placed on researching global economic risks. The main factors of global economic risk are: the trade war between the United States and China; the large burden of the U.S. corporate debt; the crisis status of the markets in developing countries; China’s weak macroeconomic policy; cyberwarfare, as well as Italy’s political and financial instability. Prospects for further research in this direction is an analysis of geopolitical and technological risks, which increase economic risks, as well as prediction of the probability of a particular economic risk in both short- and medium-term.

Article is written in Ukrainian

Bondarevska K. V.
International Migration of Labor Force: Status, Problems, Prospects (p. 44 - 49)

The article defines present-day tendencies in international migration in the context of globalization, features of the current status of international migration processes and substantiates prospects for their development, taking into account the world’s globalization trends. The positive and negative effects of migration on both donor countries and countries-recipients of labor force are considered. As result of the research, the general tendencies of international migration in today’s environment are examined, in particular: changes in geographical structure, increase in the volume of high-skilled migration and educational migration, intensification of illegal migration processes and migration corridors, spread of migratiocenose, the growing influence of transnational business on the dynamics and structure of international labor force migration. Among the directions of possible solutions to migration problems are defined the following: revision and creation of inter-State agreements of donor countries with recipient countries; formation of specialized migration exchanges (so-called «labor exchanges»); activation of cooperation between governments and the International Organization for Migration; spread of the grant system in the context of development of educational migration, reducing the outflow of intellectual potential; monitoring and forecasting migration processes. Prospects for further research in this direction is defining tendencies in the development of the most «problematic» migration phenomena, including illegal migration and migration of highly skilled professionals to industrially and innovatively developed countries, as well as substantiation of ways to improve the migration situation in the countries with mass emigration and immigration.

Article is written in Ukrainian


Kobylianska A. V.
Network Modes of Global Economic Governance in Conditions of Neo-Integration: Mega-Regional Unions and Global Value Networks (p. 54 - 60)

Global economic growth nowadays provides for the inalienable coexistence of different integration processes at micro- and mega-levels, which simultaneously take network forms, respectively representing the network mechanisms of global economic governance per se. The article is aimed at researching the holisticism of modern integration processes from the perspective of global value networks (GVN) and mega-integration as forms of neo-integration, as well as evaluating the relationship between the degree of inclusion of countries in GVN and an increase in the number of regional trade agreements (RTA) as proxy processes for neo-regional integration. Based on the work of a number of authors, plus a group of ОECD experts, the article analyzes the preconditions of neo-integration from the view of the emergence and functioning of GVN and mega-regional integration unions. The carried out analysis shows that the processes of neo-integration in the global economy at the micro- and mega-levels are congruent. For example, mega-regional integration, as well as the formation and distribution of global value networks, are interconnected phenomena, while the proliferation of GVN precedes mega-integration processes. The dynamics of China’s inclusion in the GVN is more in line with the development of integration processes in the global economy, which is reflected in the high level of correlation between the indicators researched. Further research should relate to the analysis of individual mega-regional unions and the related networks in order to study in more detail the general phenomenon of network neo-integration and its mega-regional characteristics.

Article is written in Ukrainian


Kobylianska A. V.
On Causes and Consequences of Entering Global Value Networks – Place of National Economy in Assessing the Neo-Integration (p. 29 - 35)

In view of recent developments in the sphere of research on the functioning of global value networks, there is an urgent need to examine macro-premises and the consequences of their functioning. The article analyzes the causes and consequences of the functioning of global value chains for national economies from the point of view of existing links with the mega-regionalization processes. It is shown that a country’s participation in global value chains/networks has its own specific macro-economic causes and consequences. The most common reasons for participation in global value chains/networks are allocated from the point of view of the national economy, specially: size of the economy, pace of economic development, availability of foreign capital, level of qualified skills of the labor force, level of external debt, tariff restrictions, etc. The macro-economic consequences of participation in global value chains/networks are systematized as follows: changes in the employment level, productivity, foreign direct investment flows, exports, GNI per capita and related derived indicators. Based on the consensus, according to which the causes and consequences of participation in global value chains/networks are intermediated by the fact that preferential trade agreements, evaluated by means of so-called political and institutional factors, the following is suggested. Since the largest mega-regional agreements are based on preferential trade agreements, one should expect the statistically significant impact of mega-regional agreements on the causes and consequences of the participation of the national economy as a member of the mega-regional uniting in global value chains/networks.

Article is written in Ukrainian

Liubchik K. L.
Modern Forms of Media Globalization (p. 35 - 41)

Accelerated technological advances in information and communication sphere have become a powerful driver of the active deployment of media globalization processes as a complex process of deepening economic interaction, specialization and cooperation of media corporations around the world. To date, the main forms of media globalization have been clearly crystallized and sustained. First of all, a dynamic increase in the total value of international trade in media products and services in recent decades should be noted, which include, in particular, film and television programs, books and sound recordings, as well as broadcasts and similar recordings of events, etc. The next form of manifestation of media globalization is the internationalization of the business operations of national media corporations, with the transfer of their individual links abroad on the basis of direct foreign mechanisms investment, and its main motivations stem mainly from commercial purposes. In addition, the manifestation of media globalization is the growing trends of international fragmentation of media production in recent decades, which are implemented by the licensing mechanisms of issuing printed products by national publishing structures. Another important direction is the widespread distribution of international multimedia newsrooms, which are a model for the production of information and entertainment content by a highly professional creative team of journalists. The expansion of national media brands into new foreign markets deserves special attention in the analysis of the prevailing forms of media globalization. At the same time, the dominance of transnational corporations in the global media market makes the issue of impact of foreign ownership of the media in the context of their service to the public interest a priority.

Article is written in Ukrainian


Simakhova A. О.
The Global Measure of the Social Economy Models Development (p. 33 - 39)

The article is aimed at defining the global measure of the development of models of social economy of the world countries. The objectives of the article are: consider global social indices; analyze the place of different world countries according to global social indices; define the global measure of the development of social economy models based on both the global and the local social indicators; characterize the models of social economy according to indicators of social development. The author takes in view the main global social indicators (Human Development Index, Social Progress Index, Economic Freedom Index, Global Seniors Welfare Index, Happy Planet Index) and the place of 45 world countries, which are different in terms of types of economic development and models of social economy according to these indicators. Based on the analysis of sub-indexes of global social indicators, the impact of the world’s social economies in the global measure of well-being, ensuring personal opportunities of individual for self-employment, self-fulfillment, opening and doing business, along with the legal and ecological development of the country, is comprehensively assessed. As a result of the study, the main global and local social indicators are grouped by the models of social economy: transitive, liberal, continental, Mediterranean and Scandinavian. This thorough approach provides an opportunity to comprehensively assess the impact of the world’s social economic models at both the national and global levels. Prospect for further research in this direction is to improve the existing instrumentarium of social economic models in the global measure.

Article is written in Ukrainian

Petrenko K. V., Savchenko K. Y.
Features of Development of High-Tech Japanese Multinational Companies in the Globalization (p. 40 - 45)

The article is aimed at researching the peculiarities of development of Japan’s high-tech TNCs in the context of globalization and obtaining a coherent picture of the historical, organizational, innovation-technological features of the development of TNCs. The task of the research is analyzing and evaluating the historical, organizational, innovation-technological features of development of Japanese TNCs on the example of Toyota Motor Corporation. It is specified that for the rapid technological growth of transnational companies and the country as a whole, Japanese entrepreneurs have accumulated and reinvested profits exclusively in the sphere of scientific development and innovation. Continued development and research of the above mentioned spheres will provide leadership in a globalized society. The authors research one of the largest Japanese TNCs, Toyota Motor Corporation, successfully active in the automotive industry. The emphasis is placed on the fact that the main feature of the company is the huge costs of research and development, cooperating with startups, while this cooperation be called the exception rather than the rule. Innovations occur on the basis of continuous improvement through training. Improving quality, problem-solving comes at the expense of working groups. However, Toyota’s significant secrecy of organizational culture reduces the ability to be institutionally flexible when problems needs a quick solution. It is concluded that with a reliable public-private partnership Japanese companies, investing in research and development of foreigners, improved them and produced a new technological product, which allowed them to a rapid growth.

Article is written in Ukrainian


Chernenko N. O., Hlushchenko Y. I., Korohodova O. O., Moiseienko T. Y.
Influence of Fourth Industrial Revolution on the Human Sociodemographic Basis (p. 46 - 56)

In the carried out scientific work, the authors consider the issue of influence of characteristic features of the Fourth Industrial Revolution on the human sociodemographic basis. The material reflects the data characterizing the status of demographic characteristics, age composition of the population, quality of life and education, and the level of competitiveness of the working population. The materials of the study allow to determine that in the Fourth Industrial Revolution one of the indicators of international competitiveness is the proportion of high-tech goods in the exports of industrial products of the State. On the basis of above mentioned, the authors defined a list of indicators that reflect the manifestations of modern technological development, focusing on the intensity of developing and implementing innovations, which is the starting point for increasing competitiveness in the international labor market under the current conditions. Thus, the methodology of the article provides for the analysis of such data as the dynamics of proportion of high-tech products, the dynamics of the global index of innovation, as well as «Human capital and research», «Education», of the world’s countries with the largest share of high-tech products in exports. The article material also reflects the results of the study that allow to generate assumptions about the need and expediency of a consistent implementation of the global migration strategy based on the global balance of manpower, which provides for a set of measures to weaken the main causes of migration that are formed by the authors in a proposed list.

Article is written in Ukrainian


Hudyma L. O.
Creative Economy: World Experience and Challenges for Ukraine within the Terms of Crisis Transformations (p. 100 - 106)

Today, there is a need for new theoretical-methodological and practical methods and approaches to activate and efficiently use creative human potential, which is an important factor in stabilizing and sustainable development of the modern economy. It is specified that creative and intellectual human potential is the main driver of formation of the new economy and a determining factor of competitiveness at the global level. In the article, the creative economy is defined as the conception of a post-industrial economy, which is based on the formation of a system of socio-economic relations regarding the production, distribution and consumption of benefits, which use as factors the production creativity, intellectual resources, as well as a talent for generating new ideas, which creates an innovative product or service. Also proved is the probability of Ukraine’s creative economy reaching the highest level of development, provided the efforts of the State, enterprises and society are combined, as evidenced by Ukraine’s high position in the global rankings of creativity and innovation. The creative potential of each of the five continents of the world are analyzed and a rating of creative industries by the level of profitability is built up. Creative industries with the largest share of profitability (television, visual arts, newspapers and magazines) as well as regional leaders for most creative industries – the USA and Asia – are identified. The profitability of creative industries in different regions of the world is estimated and, according to the results obtained, the prevailing share of creative industries is observed in the Asia-Pacific region (33%). The importance of supporting creative businesses during the crisis caused by the COVID-19 pandemic is emphasized. Based on the analysis of the survey of creative business owners, recommendations are made for the government to enable creative industries to compensate for their own losses and to provide favorable conditions for the reactivation of their activities.

Article is written in Ukrainian


Orlov P. A.
The World Economic Crisis and Pandemic of COVID-19 and Their Lessons for the Governments of the States (p. 30 - 40)

The world financial crisis began in the USA in 2007 due to the social irresponsibility of banks and other actors of financial market. In 2008, it outgrew in a world economic crisis. For many countries, including some EU countries, the crisis also proceeds in 2020, sharply enhancing the instability of the external management systems of companies and the competition. With December 2019 the pandemic of COVID-19 has begun, that substantially strengthened the negative consequences of the global economic crisis in countries. The article is aimed at a further development of the author’s own conception regarding the social responsibility of enterprises of all types of activity and all forms of ownership in the modern circumstances. It is expressed in providing of comfort, safe terms of labor and decent payment of the staff, development of social infrastructure, in prevention of avoiding the tax payment, in providing the proper security to environment, and also in the use of the socially responsible marketing (SRM). The author’s own approaches to the estimation of competitiveness of the socially irresponsible enterprises are provided. The competitiveness of products both in the short-term and in the long-term period can be erroneous, achieved due to social irresponsibility of enterprise and its marketing. For a bright illustration one can refer to the scandal around the German automotive company «Volkswagen», known as «Dieselgate». Also the criteria of efficiency of the economic system of Ukraine and other countries are substantiated. The author believes that the UNO has estimated the potential socio-economic consequences of not only pandemic of COVID-19 but also the world economic crisis that proceeds for most countries. These consequences in a great deal coincide and it is not possible to divide them.

Article is written in Ukrainian

Syhyda L. O., Bondarenko A. F.
Innovations and Industry 4.0: A Bibliometric Analysis (p. 40 - 48)

The article is aimed at researching the specifics of the concepts of «innovation» and «Industry 4.0», based on a bibliometric analysis and a visualization of the results obtained. A review of 720 publications (articles and conference materials) from the Scopus scientometric database for the period of 2014-2020 was carried out, making use of the combination of two concepts with the boolean operator «AND». The Scopus database was searched in the field «title, abstract, keywords». The results were visualized using the VOSviewer software. As result of the study, the dynamics of publication activity by year and the corresponding number of quotations are determined. It is determined that publications mainly belong to one of the following areas of knowledge: engineering sciences, computer science, business, management and accounting. The authors who have the largest number of publications within the research subjects, as well as the most quoted studies, are allocated. It is defined that Germany, Italy, the United States, China, Brazil and the United Kingdom are the countries where innovativeness and Industry 4.0 issues are worked out in the most detail. The keyword clusters are also formed. The obtained results of the analysis and visualization are relevant and form the basis for a better understanding of the concepts of innovativeness and Industry 4.0. Prospect for further research in this direction is the detailed development of the Internet of Things and digital transformation.

Article is written in Ukrainian


Boiarynova К. О., Dergachova V. V., Kravchenko M. O., Kopishynska K. O.
Analyzing Forecasts of the Influence of the Coronavirus Pandemic on the Economy of Ukraine and the Neighboring Countries (p. 6 - 15)

The article is directed towards analyzing forecasts and scenarios of development of the economy of Ukraine and the neighboring countries on the results of the coronavirus pandemic, as well as examining of the existing approaches of international and special organizations for forecasting and comparative analyzing of forecasts. The forecasts of the International Monetary Fund regarding the impact of pandemic COVID-19 on GDP change and the unemployment rate of Ukraine and the neighboring countries: Russian Federation, Belarus, Romania, Poland, Bulgaria, and Hungary are researched. The World Bank forecasts for these countries are analyzed. Approaches to forecasting the effects of both the coronavirus disease and the quarantine activities of the Organization of Economic Cooperation and development based on the double-strike pandemic scenario together with the one-strike scenario are considered. Also the necessity of development of the third – «mixed» – scenario of the events development for the neighboring countries and countries having trade relations or labor migration of the population is substantiated. The scenario approach in forecasting the consequences of the pandemic, used by the World Trade Organization and Bloomberg agency (including the V-shaped scenario, U-shaped scenario, L-shaped scenario, W-shaped scenario, the «Tick-Shape» scenario) is examined, as well as the scenarios for the development based on the analytics by the Capital Times company and the Ministry of Economy, Trade and agriculture of Ukraine, is considered. A comparative analysis of the forecasts of changes in Ukraine’s GDP under the influence of the COVID-19 pandemic, as well as volumes of support for anti-crisis measures in Ukraine and the neighboring countries is carried out. The specifics of the economies of neighboring countries are researched, and measures of counteracting the spread of coronavirus disease along with the anti-crisis measures to overcome its consequences are studied. The authors identify and substantiate the factors which provide higher indexes of the macro-economic indices, in particular GDP: balanced distribution of revenues to GDP from different economic activities; high level of internal consumption; developed domestic market; conducting the policy of anti-crisis measures aimed at preserving small, medium business and supporting the basic industries of the economies of the countries.

Article is written in Ukrainian

Kavun-Moshkovska O. O.
The Structural and Territorial Characteristics of the Manifestation of Consumer Commitment to the Largest B2C Marketplaces in the World (p. 16 - 22)

The article is aimed at researching the structural and territorial characteristics of the largest marketplaces in the world electronic retailing and determining the features of the consumers’ attachment to them. A systematization and analysis of works of domestic and foreign scholars showed that the studies on the structural and territorial peculiarities of the development of electronic retailing of the world in the context of the place of marketplaces therein are paid insufficient attention. As a result of the carried out research it is determined that gradually the marketplaces become powerful players in the market of world electronic retailers – in 2019, they provided more than 50% of online sales, the next years are expected to increase this indicator. As of today, the marketplaces include the platforms that offer mainly universal assortment of goods (61,6% of all structures), covering different market segments. The universal marketplaces also occupy leading positions as to the level of attendance – 92,15% of the total visits to the sites. The analysis showed that the largest number of markets is located in Europe (35,4%) and North America (28%), but the leaders in terms of the level of attendance are platforms from East Asia. It is determined that among the leading marketplaces two business models are common: classical and combined (a combination of an online store with a classic trading platform). According to the results of the study, the role of marketplaces as generators of an increase in the incomes of business entities in the sector of electronic retail trade, along with an increase in their geography and scope of activity, is forecasted. Prospect for future research in this direction be the study of regional peculiarities of the development of marketplaces, including in the B2B sector.

Article is written in Ukrainian


Ptashchenko O. V., Arkhypova D. Y.
Global Problems of Mankind: The Status and Prospects of Solving (p. 478 - 484)

The article examines the main global problems of the modern world space, defining the main tendencies of overcoming the crisis and the further path of human development. Globalization indicates the general nature of most processes meaningful to mankind. Modern humanity represents an indivisible system of economic, political, social and cultural ties and interactions, which is significative for the unity of its future destiny. Informatization became the basis of globalization, reflecting the current level of technology development. Global problems are problems affecting all mankind, influencing the course of economic development and social sphere, also ecology and political stability. These problems require international cooperation, since none, even a highly developed State, is able solve them on its own. The number of hungry people in the world has increased over the past few years. Now every ninth person in the world is starving every day, suffering from a lack of nutrition. Both the food scarcity and hunger are among the greatest threats to the overall health of the human population exceeding malaria, tuberculosis or HIV. Responsibility for the planet should begin with responsibility for the country, because the crisis of a separate country complicates the world situation in the political aspect; ecological and resource crises jeopardize environmental equilibrium and complicate the problem of resources on a global scale; an economic crisis leads to social consequences in other countries.

Article is written in Ukrainian


Kramchaninova M. D., Vakhlakova V. V.
Pandemics as a New Type of Threat to Economic Security in the Context of Globalization (p. 18 - 23)

In the article, the authors actualize the issues related to the problems of ensuring economic security from the position of growth of global integration processes in the world economy. It is specified that the formation of the global world is connected with the emergence of new global threats in the field of economic security, as exemplified by the coronavirus pandemic COVID-19. This creates the need to review some of the negative effects of globalization in order to provide greater control over global processes, making them more conscious, focused on both comprehensive security and sustainable development of countries. In the course of the research, the authors analyze the consequences for the economic activity of countries as result of the COVID-19 pandemic. The research draws attention to the pandemic-detected breaches in the economic security of countries related to some aspects of globalization. The results of the carried out research allow to identify the sectors most affected by economic pressure and consider possible directions and tendencies of further economic recovery. It is also assumed that in the future stress tests of all levels of economic security will have to take into account and analyze a wider range of possible scenarios and risks associated with the threat of pandemics and the impact of the related effects on the public interest. Prospect for further research in this direction may be the study on the relationship and possible consequences that arise in the social and political spheres in connection with global threats to economic security.

Article is written in Ukrainian

Dubiei Y. V.
Technological Competitiveness of Ukraine’s National Economy in the Context of Globalization (p. 23 - 28)

The article analyzes the level of technological competitiveness of Ukraine in the world economy, allocating the directions of technological renewal of the national economy. Technological competitiveness is defined as a real and potential opportunity for the national technological system to produce final products that are in demand in the relevant markets; as a totality of certain characteristics that form the competitive advantages of the country in the world economy, allowing to withstand competition with other national technological systems. On the basis of the disclosure of the peculiarities of the methodology for computing the index of global competitiveness, Ukraine’s place in the world ranking is summarized, the dynamics of the factor of technological readiness of our country, as well as its other indicators of competitiveness are displayed in three sub-indexes: basic requirements, increasing efficiency, and innovativeness. It is emphasized the need for technological modernization of Ukraine on the basis of innovative principles. It is underlined that the directions of technological modernization should take into account the patterns of the modern stage of technoglobalism, which is the process of forming a single global system of production and exchange of results of innovation-technological activity. In the context of limited financial capabilities of our country and the presence of significant barriers to the movement of new technologies, it is proposed to carry out technological renewal of the national economy through the development and introduction of new technologies in cooperation with other countries.

Article is written in Ukrainian


Kalyuzhna N. H., Kovtun T. K.
The Crucial Factors and Prospects for the Recovery of the World Economy in the Global COVID-19 Recession (p. 39 - 46)

The article focuses on identifying and systematizing the hallmarks of the COVID-19 recession as unprecedented in terms of the both spread and impact on the global economy in the phase of business activity downturn. The dynamics of the main indicators of economic growth are researched and it is substantiated that the negative linear forecast trends allow forecasting the long-term recovery period after the current global recession. It is shown that the global recession of 2020 negatively affects the prospects for the recovery of major national economies of the world, given the high probability of the introduction of repeated quarantine restrictions. Based on the analysis of the dynamics of the index of global economic uncertainty, the world economy is confirmed to be in the most uncertain state during the period of observations. According to the analysis of the values of the barometer of world trade in goods in 2020, negative changes in the structure and dynamics of foreign trade turnover and doubt for the rapid recovery of global supply chains were evidenced. Based on the generalization of the results of the study, key distinctive signs of the COVID-19 economic recession have been systematized justifying that, in addition to any recession inherent in the loss of growth rate of world production, the current economic crisis is accompanied by a drop reaching the critical deadlines of a number of indicators of the intensity of global development, which confirms its unprecedented spread and impact on the world economy. It is substantiated that the confirmation of the determined trends allows to predict the long-term negative consequences of the modern global recession, which leads to the need to substantiate the directions of recovery of the world economy and foreign trade cooperation of the countries under crisis conditions.

Article is written in Ukrainian


Voskoboeva E. V., Romashchenko O. S.
Transnational Corporations in the Conditions of Globalization of Ukrainian Economy (p. 21 - 27)

This article is concerned with the actual problem of development of transnational corporations (TNCs) in the context of globalization of the economy. The main characteristic feature of TNCs is their ability to plan, organize and control economic activities in different countries. Precisely this is a trait that distinguishes a TNC from other participants in the world economic system. The article carries out a comprehensive study of the impact of transnational corporations on the world economy. The study identifies that the influence of transnational corporations on the world economy, regardless of the level of their development, is increasing. Therefore, foreign direct investment is an important mechanism through which savings are transferred from advanced, industrialized countries to developing countries. Thus, it is identified that among foreign investors the most investment attractive in Ukraine are industry, wholesale and retail trade, professional, scientific and technical activities, information and telecommunications, financial sphere and real estate operations. Also attractive for TNCs from industrialized countries is the investment in the infrastructure of business servicing, first of all, enterprises with foreign investments. It is also examined that most foreign capital was invested in Dnipropetrovsk, Kyiv, Donetsk, Odesa, Poltava, Lviv and Kharkiv regions. It is concluded that the main task is not to confront or combat the influence of large foreign TNCs, but to align their interests with the strategic priorities of the Ukrainian economy, as well as to create own competitive TNCs. To this end, the main competitive advantages and negative consequences of transnational corporations are allocated.

Article is written in Ukrainian

Pererva I. M.
Substantiating the Creative Industry Criteria (p. 27 - 33)

The article is aimed at researching the specifics and features of the concept of «creative industries» and defining the criteria that would identify activities as belonging to the creative sector precisely; studying the concept of «creative industries» and their relationship with «cultural industries»; disclosing the essence of various classifications of cultural and creative industries; generalization of theoretical approaches to the studies on this sector. As result of the research, the main approaches of scholars, practitioners and organizations on the definition of the concepts of «cultural industries» and «creative industries» and the peculiarities of the development of this sector of the economy are analyzed and disclosed. The genesis of these concepts in various literary sources is highlighted and the formation of the creative industry as an integral part in the transition from industrial society to intellectual is shown. The relationship and the proportion of cultural and creative industries are examined. The role of creative industries in innovative processes is considered, which allows to identify their impact on both economic and social development of society. Both the personal and the organizational models of classification of creative industries in historical retrospective of periods of creative industries development are provided. The peculiarities and characterizations of the models of classification of creative industries and the basic conditions for the inclusion of industries in the creative sector are determined. Based on the analysis and generalization, the main criteria are allocated that will allow identifying activities as belonging to the creative sector. Prospects for further research in this direction are the use of creative industry criteria to develop a universal system of classification of creative industries and a comprehensive idea of development of the creative sector in general.

Article is written in Ukrainian

Ptashchenko O. V.
Features of «Mergers» and «Acquisitions» of Companies in International Business (p. 34 - 39)

The publication presents features of the modern mergers and acquisitions (M&A) process. It should be noted that in the modern world, with the growing global competition, aggressive policies of individual market participants, rapid technological changes, financial regulation and the changing role of the State in the economy, there is a need to expand the activities of large companies. The majority of the most successful companies choose the joint mode of development, such as mergers and acquisitions. As a result of mergers and acquisitions, business will grow and become more influential, and not only national governments, but also international economic organizations will not be able to depend on regulation and management. Today, among the leading domestic or foreign economists there is no consensus on the definition of the concepts of «mergers» and «acquisitions», which is explained by the diversity and complexity of the nature of these processes. The main types of these processes have been identified and their characterizations are provided. When researching the processes of mergers and acquisitions of enterprises, their main differences are determined. It is proved that in an ever-changing market, increased competition and well-thought-out and well-made transactions on international mergers and acquisitions can significantly increase the value of companies. At the present stage, international mergers and acquisitions occupy strong positions in the policy of private companies as the main strategic instrument for business development.

Article is written in Ukrainian

Zvarych I. Y.
Determinants of the Formation of a Global Inclusive Circular Economy (p. 40 - 48)

The transitive path of transition from linear to circular economy is marked by a change in the positioning of global risks from year to year, which is strictly defined by the determinants of such a change. Thus, the main risks for 2020 according to the World Economic Forum are those related to the environment and occupy the first positions in the ranking for the last three years (in particular, in 2019, the most influential was the risk of extreme weather events). A gradual increase in awareness of this risk has led to a change in the moods of both manufacturers and consumers. Experts assessed climate change as the main risk in 2019, ahead of losses from cyberattacks, financial instability and terrorism. Thus, in order to mitigate this risk in 2020, the global business community proposed to implement circular «constructions», reducing the use of resources and prioritizing low-carbon materials. The potential consequences of the transition to a circular economy regarding greenhouse gas emissions are significant, and they can be achieved mainly by increasing the efficiency of resource use; increasing the useful life of buildings and assets; increase in processing and reuse and absolute reduction of the use of primary raw materials. Reducing the intensity of materials production, sustainable land use and rehabilitation, protection of ecosystems, efficiency of the use of resources and renewable energy sources – all this is related to the concept of a circular economy that will help preserve natural capital. Thus, a circular economy can be seen as an effective strategy to help mitigate climate change.

Article is written in Ukrainian


Varfolomieiev M. O.
The Paradigm of Circular Economy in the Conditions of Ukraine (p. 13 - 20)

The article is concerned with the topical issues of present – the principles and foundations of introduction of circular economy (CE). The article emphasizes that, despite the fact that the issue of introducing circular economy has already been widely covered in the scientific publications by domestic and foreign scholars, any strategy for the practical introduction of circular economy at the State level has not yet been formed. Thus, the publication is aimed at studying the key aspects and prerequisites for the introduction of circular economy within the Ukrainian terms. In accordance with this aim, the advantages and disadvantages of the introduction of circular economy in the world aspect are analyzed. The advantages of the introduction of circular economy include the following issues: profitability growth; reduction of greenhouse gas emissions; creation of new jobs. Among the shortcomings of the introduction of circular economy, the publication distinguishes the following: level of complexity of the promotion of systemic changes; economic fluctuations (CE may be non-profit in a short period of time); unsuitable markets (lack of necessary raw materials and infrastructure, competition, knowledge); imperfect regulation (imperfect legislation and/or its implementing); social factors (lack of knowledge and skills related to circular economy); insufficient control over waste sorting; level of financing (both on the part of the State treasury and business). Summing up the advantages and disadvantages of the introduction of circular economy, it is emphasized that, in the terms of CE, the most important value is not being attached to material flows or waste, but to much more sufficient methods, such as maintenance, reuse and recycling of equipment. Also, the research pays considerable attention to the instruments of circular economy and the prerequisites for their application. In addition, each of the above mentioned instruments is considered in the aspect of practical use and analyzed upon existing in the world examples. Thus, among the instruments for the introduction of circular economy, the author highlights: Design of thinking of the future; Virtualization and sharing; Product as a service; Reuse in production; Reuse in consumption; Industrial symbiousness and processing of production waste; Recycling. Special attention in the article is given to the problems of introducing circular economy in Ukraine and ways to solve them. Thus, the research has consistently revealed the problems and ways to solve them at the level of government, business, and society.

Article is written in Ukrainian


Nyameshchuk A. V.
Forecasting the Sectoral-Regional Development of the Intellectual Segment of the Global Economy (p. 12 - 23)

The article is aimed at building a forecast for the development of the intellectual segment of the global economy for 2019-2028 in terms of high-tech sectors and regions. Based on the analysis of statistical data of the countries’ economies on the volume of high-tech exports, gross costs in fundamental research and applied developments, the number of registered patent families with details by sectors of the «triad» (information and communication technologies, pharmaceutical industry, aerospace sector) the trend of sectoral-regional development in 2000-2018 is determined and a forecast for the next contiguous period is elaborated. In the course of research, the author identified a significant differentiation of countries according to the models of development of sectors of the «triad», as well as by the nature of the trend line in the time periods 2000-2009, 2009-2018, and 2000-2018. Further development of the countries of Asia (China, Taiwan, South Korea) and the United States with a gradual shift in the emphasis of technological leadership in favor of Taiwan are forecasted. The growth forecast for high-tech exports of the aerospace sector is optimistic. In the ICT sector, a significant dependence of the volume of high-tech exports on the positive dynamics of patent families is identified. In the pharmaceutical industry of European countries, the relationship between these indicators is predominantly inverse. Prospects for further scientific research in this direction are to determine the nature and extent of the pandemic factor’s influence on the dynamics of the development of the intellectual segment of the global economy, as well as to adjust the forecast of sectoral-regional development of the intellectual segment of the global economy.

Article is written in Ukrainian

Kaverina K. O., Sholom A. S.
Features of Global Information Leaks from Tax Havens (p. 23 - 28)

The existence of tax havens is an integral phenomenon of the modern stage of the world economy development. They compete with each other on the basis of tax rates, privacy level, quality and speed of the service offered. Determining the impact of tax havens is now a rather pressing issue, deepening which has largely contributed to leakages of information, particularly the Panama Papers. However, the leaks of information from tax havens are not sufficiently covered in the research of both domestic and foreign scholars. The article is aimed at examining the impact of tax havens and the Panama Papers information leak on the world economy. The definition of tax havens and their scale in modern conditions of globalization economy is considered. In the systematization of scientific works the relatively different leaks of information from tax havens were compared and the largest of them was identified. The essence of the activities of Mossack Fonseca, the company that was the victim of the data leak, is disclosed. The dynamics of registered offshore companies within the framework of the Panama Papers leak are substantiated. With the help of a mathematical model, the authors computed a trend vector of movement of the number of companies, which are using the services of offshore zones. As a result of regression trend analysis, it was defined that the number of companies registered by Mossack Fonseca tends to grow (an average of 292 units annually). This indicates that, despite the publication of classified information, the popularity of tax havens continues to increase. The main intermediary countries, which are most popular in tax speculation, are provided. It is determined that the simplicity of formalization and registration of companies, the lack of control over subsidiaries of multinational business groups are key attributes of the activities of tax havens that contribute to their use to avoid paying income taxes and money laundering. The consequences caused by the activities of tax havens and information leaks from them have been formulated. The most important among them are: sanctions provisions and monitoring of offshore activities.

Article is written in Ukrainian


Kunytska-Iliash M. V., Berezivskyi Y. P.
Conceptual and Methodological Approaches to Identification of Typological and Logical-Structural Characteristics of Priority Sectors of the National Economy (p. 17 - 23)

Strategic importance of the formation of priority sectors for the national economy is substantiated, according to which the country should strengthen its competitive positions, ensure socio-economic progress, and increase innovation and technological activity. The results of review of scientific publications, which mention strategic or priority types of economic activity, allowed to better systematize their composition and structure, identify approaches to selecting them depending on different variants of development of the country and its economy. One can find a number of publications where priority sectors are distinguished not in general for the national economy, but in view of certain functional or structural spheres, directions, etc. It is concluded that a priori to define and form the composition of priority sectors of the economy is objectively impractical and wrong. At the same time, when substantiating the system of priority types of economic activity, it is necessary to adhere to the principle of systemacity and complexity, as well as consistency. It is established that as economic grows and characteristics of the external environment change, while taking into account the strategic vision of the country’s place in the system of international division of labor, the vision of new types of economic activity should also change, which will become the locomotives of growth in the future, but at present they necessitate the training of relevant specialists, development of institutional infrastructure, and accumulation of resource provision. The classification of priority sectors of the national economy is formed in accordance with such signs as: industry affiliation, sectors of the economy, strategic orientation, depth of influence, chosen model of economic growth, factors of economic growth, stages of economic reproduction, investment potential. A logic-structural algorithm for identifying priority sectors of the economy is developed, taking into account the degree of vertical integration of economic progress and the level of realization of the country’s economic growth potential. It is determined that the priority sectors of the economy include sectors, types of economic activity, industries, their infrastructure and relations between them, the development of which at the current stage and in the strategic perspective ensures strengthening the competitive positions of the national economy in both the domestic and the foreign markets, a structurally balanced sustainable development of the country’s territories, the implementation of national economic and social interests, creating conditions for maintaining these positions.

Article is written in Ukrainian

Herasymova Y. O.
Dualistic Approach to a Comprehensive Analysis of the Impact of Shadowed Economic Activity (p. 23 - 29)

The current theoretical and empirical studies do not provide an unambiguous valuation of the nature of the impact of the shadow (or informal) sector of the economy on the dynamics of macro-economic growth of countries and regions. The shadow economy is characterized by clearly defined dualism, which acquires its concentrated expression in performing its double role in the development of the socio-economic system of society. On the one hand, it has a positive influence on the macro-economic growth of many countries, overcoming population poverty and socio-humanitarian backwardness; but on the other hand, it significantly exacerbates socio-economic, financial, tax-administrative and other problems that significantly hamper the scientific, technical, innovative and humanitarian progress of many countries over the world. Dualistic approach to a comprehensive analysis of the impact of shadowed economic activity on the structural dynamics of national and global development allows to clearly specify its threats and dangers. There is no doubt that the shadowing of economic activity leads to significant violations of the functioning of the national social sectors of the States for the following reasons: deepening asymmetry in the regional and intra-country distribution of income; carrying out socially unfair privatization of the State-owned objects; expansion of illegal production of goods and services, as well as structural deformation of public consumption. This not only causes an increase in the economies of different States of social instability and deepening of the intra-country asymmetry in the distribution of incomes of different groups of the population, but also sufficiently reduces the effectiveness of the instrumentarium used by their national governments to respond promptly to permanent changes in key quantitative and qualitative parameters of socio-economic development.

Article is written in Ukrainian


Kramchaninova M. D., Vakhlakova V. V.
Globalization and Security: The Economic, Social and Political Aspects (p. 16 - 21)

This research underlines the growing importance of critical studying the role of globalization in the context of the problem of ensuring human security. In the global open economy, direct changes in the nature of economic activity and social interaction significantly increase the weight and importance of the factors that affect social, political and economic stability. By carrying out an analysis of the data reflecting the results of the social, economic and political consequences of COVID-19, the authors try to provide useful insights into the patterns inherent in the economic, social and political processes. Studying the dynamics of pandemic development allows to examine in more detail the connection between the economy, social security and political stability, paying attention to the nature of social, economic and political processes and the scale of their interdependence. According to the results of the research, the main threats arising from the pandemic in the field of economic, social and political components of national security have been established. It is displayed that the social, economic and political security spheres within the State are interrelated. Due to the relationship between them, the lack of stabilization in one of these areas can generate potential danger and changes of negative nature in other areas. Most of the risks and threats identified by the authors flow out of each other, which makes them also interrelated. In the view of the authors, public expectations as to political and economic interactions in the field of ensuring national and global security require the government to make significant changes and transform its view on important aspects of the organization of social, economic and political life of society, in accordance with global challenges.

Article is written in Ukrainian

Matiuk Т. V., Poluiaktova O. V.
The Socio-Economic Development and Its Relationship with the Indicators of Empowerment, Economic Freedoms and Opportunities (p. 22 - 28)

The article analyzes the key aspects and factors of the socio-economic development of society. On the basis of the studied theoretical approaches, the essence of the concept of «economic development» is specified. The most important components of the new quality of growth are defined. Both the need to and possibility of supplementing the indicator of the country’s success in socio-economic development (HDI), which is annually calculated by UNDP and reflects the relationship between the assessment of longevity in the country, the level of literacy and education of the population and the standard of living, indicators of empowerment, economic freedoms and opportunities, is substantiated. Based on the correlation analysis of indicators of the human development index, on the one hand, and the human development index, taking into account indicators of empowerment, economic freedoms and opportunities, as well as the index of life satisfaction, political and economic freedom, on the other hand, it has been proved that there is a direct strong connection between these indicators. This testifies the direct impact of the extent of life satisfaction, economic independence and political participation on the socio-economic development of society. A comparison of the composition of the resulting clusters with the rating of countries by the level of human development within the traditional HDI showed that there are certain differences. Thus, the largest number of countries with a very high level of human development when applying indicators of empowerment have lost their status. Similar results are observed for many other countries that, according to the HDI rating, taking into account empowerment, found themselves in a lower level of human development in a group of countries. The research showed that none of the countries moved in the ranking to a higher group. The obtained results confirmed the hypothesis that there is a fairly strong relationship between the levels of overall satisfaction with life, democracy and economic freedom and socio-economic development.

Article is written in Ukrainian

Chernova O. V., Мorozova I. V.
The Current State and Problems of the World Energy Market (p. 29 - 34)

The article is aimed at carrying out a comprehensive analysis of the current state of the world energy market, identifying the main problems of its functioning, and substantiating possible ways to solve them. The research considered the structure of the world energy market, provided a description of its main components. The essence of the energy problem is analyzed, the main causes of its occurrence are defined. It is found that the energy problem occupies a significant place among such global problems of humanity as the threat of nuclear war, epidemic, ecological crisis, demographic problems, international terrorism, etc. A dynamic analysis of the use of traditional energy in the world is carried out. It is determined that due to the limited global reserves of natural gas and oil, in the near future it will be impossible to meet the growing demand of humanity for energy resources. The rating of countries that are trying to actively develop green energy at the State level is presented. The main methods of energy saving of leading countries of the world are highlighted. An analysis of the scale of investment in energy efficiency and energy saving of the leading world countries is carried out. It is determined that China is the leader in investments in green energy. During the research, the essence of the concept of «energy security» is disclosed and its main priorities in the application by different countries are specified. The most important aspects of international energy security are defined. The tendencies of further development of the world energy market are highlighted and the main ways of solving energy problems are proposed.

Article is written in Ukrainian

Petrenko K. V., Kot M. V.
The Priorities and Effectiveness of the European Integration in the Scientific and Technological Sphere (p. 34 - 41)

The article is aimed at studying the theoretical and methodological bases of scientific-technological integration and the effectiveness of the activities of the EU Member States and Ukraine with its prospects for the European integration in this sphere. The methodological basis for this study are scientific works of scholars, statistical data from official websites, normative legal acts in the field of scientific-technological integration of the EU Member States. As a result of the study, the significance of integration processes in the scientific-technological sphere is characterized. The main directions of priority of the European integration in the field of science and technology are defined. The effectiveness of the activities of the EU Member States based on international indices and general indicators of R&D development is analyzed. The current state of scientific-technological sphere in Ukraine is examined. Perspective directions of development of the EU Member States in the field of science and technology and potential of implementation of the European integration reforms in the Ukrainian scientific space are determined. Prospects for further research in this direction are the creation of a multi-aspect strategy for Ukraine’s participation in the European research space, as well as the details of measures to be implemented by the State authorities to ensure sustainable development of society and increase competitiveness on the world stage. Further development of the scientific-technological European integration can lead to the creation of even closer ties between the EU Member States and Ukraine.

Article is written in Ukrainian


Dovgal O. A.
Disparities in the Development of the Global Trade System: The Causes and Consequences (p. 13 - 20)

The article generalizes the main approaches to analyzing the nature of global disparities in the development of the global trade system, their negative consequences, and opportunities for regulation. It is proved that global economic disparities have both objective and subjective origin, can be initiated by individual countries, groups of countries and international economic organizations, are closely related to non-economic aspects of the world economy and are clearly manifested not only in the financial sphere, but also in international trade. The article substantiates that, taking into account peculiarities of the current foreign economic policy of sovereign countries, three main tendencies can be distinguished, which are directed towards protecting national interests in the context of the crisis of the global trade system, and which, in fact, represent global disparities in its development: protectionism, regionalism, and transregionalism. It is identified that, speaking in economic terms, the growing external interdependence does not bring together, but, on the contrary, subordinates, turns regions and countries of the world into dependent ones; does not overcome, but fixes the peripheral position of individual countries; does not violate, but strengthens the hierarchicality of the world economy, which is caused by its internal logic. It is concluded that in order to eliminate or mitigate global disparities in the global trade system, it is important to use new institutional mechanisms in the development of which countries with emerging markets should take an active part, which means there is a need for a flexible combination of liberalization with import substitution and elements of protectionism.

Article is written in Ukrainian

But-Gusaim O. H.
The Polarity of Influence of Factors of Globalization Transformations (p. 21 - 27)

The article discloses the issue of polarity of influence of factors of globalization transformations. The research is aimed at systematizing the factors of positive and negative impact of globalization transformations on the example of Ukraine. The definition of the essence of globalization is provided and a semantic explanation of polarity is determined. Polarity as a result of the research is defined as opposing the factors of influence, in particular comparing the positive and negative impact on globalization transformations. For an objective analysis, a more detailed analysis of negative and positive factors of globalization transformations in the aspect of Ukraine is carried out. In particular, the dynamics of foreign direct investments in Ukraine, as well as their structure in terms of sectors of the national economy and the countries that make these investments, are displayed. It is emphasized that to a large extent globalization transformations in the economy are shown by the example of the activities of transnational companies that constantly create new business structures in order to rationally divide the market. The meaning of transnational corporations for the economy of Ukraine is characterized and the turnovers of the largest ten of them are determined. It is noted that the positive factors of globalization transformations include: increase in the volume of foreign direct investment and budget revenues; cultural development; acceleration of scientific and technological progress; free movement of the population in different countries; regulation of ecological and medical situation; expansion of sales markets; rationalization of resource use; improving the quality of production. The negative factors of globalization transformations include: displacement of small entrepreneurs and small businesses from the market; economic and political weakening of the country; development of the shadow economy; obstruction of national interests; complications of entering the domestic business market; reduction of labor resources that are of strategic importance for the country; excessive use of the country’s natural resources.

Article is written in Ukrainian


Berezivskyi Y. P.
The System-Dynamic Characteristics of the Formation of Technological Competitiveness of the National Economy (p. 15 - 21)

A number of system characteristics of the formation of technological competitiveness of the national economy concerning the improvement of quality of the institutional environment, strengthening the aspects of competition, improving the efficiency of resource provision, and the development of innovative entrepreneurial activity have been determined. The scheme of formation of technological competitiveness of the national economy is constructed, wherein three consecutive stages of its establishment in the coordinates of constant management influence of the institutional environment and sustainable world innovation and technological progress are distinguished as follows: 1) accumulation of the potential of innovation and technological development of the national economy; 2) materialization of the potential of innovation and technological development of the national economy; 3) achieving the state of and ability to technological competitiveness of the national economy. A conceptual approach to the definition of substantial-contentual, structural characteristics and classification features of technological competitiveness of the national economy is provided. It is proposed to consider such competitiveness of the national economy as a winning state of technological competitive advantages of the national economy in a specific time period, which, in order to maintain balance value and ability to compete in the conditions of dynamic progress of technologies, requires a sustainable increase in the potential of innovation and technological growth of strategic sectors of the national economy and society and is ensured through the effective management influence of the complex system of innovative and integrated structures.

Article is written in Ukrainian

Syhyda L. O., Khaba A. P., Nazarenko A. P.
Determining Potential Directions for Ukraine’s Own Green Brand Formation (p. 21 - 30)

The article is aimed at studying the directions that are of paramount importance in the country's transition to ecologically oriented development, as well as determining on this basis Ukraine's readiness to form and develop its own «green» brand. In accordance with the set goal, the main directions to carry out the research were ecologization and sustainable development, organic agriculture and renewable energy. As a result of the research, Ukraine's position corresponding to the Sustainable Development Goals Index was determined. According to this, Ukraine successfully combines economic development, social integration and ecological sustainability. The value of the country's index is on par with new industrialized countries and even with some economically developed countries. Ukraine's position in accordance with the Environmental Performance Index is worse and shows a lag from the advanced countries of the world. Furthermore, it is determined that Ukraine inefficiently uses agricultural land, since there is a high level of plowing, and only 1.1% is occupied for organic production. Still, despite the fact that Ukraine is the second exporter of organic products to the EU after China, insufficient attention is paid to the markets of Asia and Africa. It is defined that renewable energy in Ukraine is at the stage of origin, the reason for which is, among other things, underfunding of this direction. The most developed sources of renewable energy in Ukraine are currently hydropower and solar energy. Additionally, the article highlights weaknesses that create obstacles to environmental friendliness and sustainable development and should be leveled when forming Ukraine’s own green brand.

Article is written in Ukrainian


Halakhova T. O., Yevdochenko O. O., Kyslytsyna O. V.
The Determinants of Success and Divergent Aspects of the Startup Companies Development in the Global Business Environment (p. 6 - 12)

The article is aimed at researching the determinants of success and divergent aspects of the development of startup companies in the modern global business environment in order to substantiate effective technologies for their development. Thus, the global vector of economic, technological, socio-cultural development determines the emergence of progressive economic concepts, which are currently represented by the following formulations: digital economy, gig economy, knowledge economy, service economy, innovative and creative economy, sharing economy, etc. The authors analyzed two significant criteria that are most common in determining a startup company: innovative product and rapid growth rate. A comparative analysis of both startup-based and traditional business was carried out, which allowed to outline key divergent aspects of these concepts, namely: local and global ambitions; scalability of business; product innovativeness; information and digital technologies; trajectory of successful development; commercial interests; organizational structure; business model transformation; business ecosystems, etc. The authors analyzed key determinants of success and failures of startup projects based on the following criteria: idea, business model, launch time, team, marketing strategy, investment, system of mission, goals, and values. Prospects for further research in the context of the development of startup companies in the modern business environment are the systematization of successful cases and the development of certain mechanisms for improving the efficiency of activities of startup companies.

Article is written in Ukrainian

Panevnyk T. M., Bolgarova N. K.
The Behavioral Aspect of Economic Growth (p. 13 - 18)

The article discusses the essence and significance of behavioral economics. The need to take into account the instrumentarium of behavioral economy in the process of solving socio-economic problems is substantiated. The macroeconomic indicators of development of Ukrainian economy are analyzed. Ukraine’s place in the world ranking in terms of GDP per capita is considered. The integrated assessment of the overall economic activity of the country using the Global Competitiveness Index (IGC), the Human Development Index (HDI), and the index of Quality of Life Index by Country are carried out. International comparison of economic growth indicators is highlighted. The dynamics of total income, expenses, savings of the population are analyzed and the significant influence of behavioral factors on decision-making in this sphere is identified, their relationship at both micro and macro levels is disclosed. A significant influence of behavioral factors on decision-making on consumption, expenses and savings is identified, their importance in crisis situations is emphasized. It is proved that the behavioral aspect of economic growth involves not just the inclusion of psychological factors in the classical analytical models, but a combination of microeconomic components with macroeconomic ones. The need to expand the analysis of economic development based on taking into account the behavioral aspect as the driving force of economic development is substantiated. It is noted that the instruments of behavioral economics should be used in the process of developing and conducting socio-economic policy. It is defined that the behavioral economy is one of the instruments that strengthens the possibilities of effective decision-making by the actors together with their impact on socio-economic processes.

Article is written in Ukrainian


Shkola V. Y., Prokopenko O. V., Omelianenko V. A.
Transformation of the Emergency Risk Management Methodology Based on the Conception of Sustainable Innovation Proactivity: The Global and Local Dimensions (p. 13 - 21)

The article is aimed at improving fundamental methodological approaches to the system of emergency risk management on the basis of the conception of sustainable innovation proactivity, which will allow to prevent and respond in a timely manner to various kinds of destructive phenomena, will contribute to ensuring/increasing the stability and security of economic systems in the face of modern global challenges and threats (both actual and potential). As result of the research, the essence of the main categories of risk management theory is deepened; the influence of various types of global risks in dynamics is analyzed (in the short, medium and long term); the extant approaches to risk management are generalized and systematized; the authors’ own structure of the risk management process is proposed. The methodology for determining the status of economic system, a methodical approach to comprehensive risk assessment based on the theory of sustainability and the theory of complex systems are improved; the principle of integrated risk assessment based on an integrated approach to the assessment of challenges and threats through the synergy of economic, diplomatic, human, international, legal, political, and cultural dimensions of security is determined. Prospect for further research is the development of a theoretical-methodical approach to the choice of strategies and instruments to counter the challenges and threats in Ukraine under unstable socio-economic conditions, taking into account changes in the security environment and in the potential of national economies.

Article is written in Ukrainian


Shuba O. А., Karabanov O. A.
A Characterization of the Modern World Automotive Market (p. 14 - 22)

The article is aimed at researching the current state of the world automotive market and trends that will determine its development. The automotive industry, facilitating the global economic growth in general, is a strategic industry, stimulating the development of technology and affecting the population employment. The number of cars in the world increases annually, however, due to the existence of differences in vehicle registration rules in different countries, it is difficult to determine the exact number of cars over the world. During the research period, the global automotive market showed a tendency to increase, one of the reasons for which is a gradual decrease in the cost of cars (in accordance with the average income of the population). To analyze the provision of the population with cars, the indicator of motorization (automobilization) of the population (the number of cars per 1 thousand population) is used, which depends on the level of economic development of the separate country. The world leader, which is significantly ahead of other countries in the production of cars, is China. The United States ranks the second, the third in the world ranking of automakers is Japan. The leader among the countries – exporters of cars for more than a decade remains Germany, the second place is held by Japan, the third place – by the United States, fourth place – by Mexico, increasing exports in 2019 almost twice compared to 2016. The fifth place is held by South Korea. The world’s largest importers of cars are the United States, Germany and China. The article provides a rating of the leading companies – manufacturers of cars. The first place belongs to Volkswagen Group, the second place is held by Toyota Group, the third place is taken by Renault – Nissan – Mitsibishi, the fourth place – by General Motors, the fifth place – by Hyundai Kia from South Korea. The main trends in the global automotive market are indicated as follows: increasing the production of electromotive cars and cars with a hybrid engine; use of autonomous car driving technology; increasing the volume of car sharing; use of technology for exchanging car information with external objects, including other cars; rapid technological development of car related software.

Article is written in Ukrainian


Shaikan A. V., Purii H. V., Bahashova N. V.
Strengthening of the Regional Orientation of Economic Systems in the Context of Slowbalization (p. 26 - 34)

The purpose of the article is to study the evolution of globalization of the world economy, estimate the consequences of strengthening the regional orientation as a result of slowbalization (slowing down the growth rate of the economy) and substantiate the measures to mitigate the consequences. As a result of the study, the stages of globalization are distinguished on the basis of world indices of open trade, which are: industrialization, interwar period, post-war period, liberalization and slowbalization. The dynamics of the worldwide GDP growth rate is studied and the onset of slowing down (or slowbalization) of the world economic system is substantiated. The problems of globalization are defined and factors of development of slowbalization are outlined. The peculiarities of the transformation of the global space are distinguished and it is substantiated that slowbalization can lead to strengthening of regional ties within economic systems. An analysis of regional slowbalization of economic systems was carried out, a detailing of de-globalization in China, Europe and Central Asia was considered, the impact of slowbalization on the economic development of the regions of Ukraine was determined. It is substantiated that the growth of socio-economic inequality of regions, which directly affects the level of socio-political stability, acts as a limiter of economic growth. It is determined that the State investments for the implementation of large-scale projects in Ukraine will ensure the development of the national economic system in harsh conditions of slowbalization. It is noted that in order to mitigate the negative consequences of slowbalization in order to develop economic systems, it is necessary to ensure consolidation of all sectors of the economy with a simultaneous focus on the specialization of the economic system. Prospects for further research in this direction are to define the priority intraregional flows in Ukraine in the context of slowbalization and to develop appropriate industrial and investment policies for the development of regions in order to their further economic development.

Article is written in Ukrainian

Mnykh O. B., Dalyk V. P., Brytskyi R. R.
The Transfer of Innovative Technologies in Global and National Markets and Its Impact on the Economy (p. 35 - 41)

Transition to the knowledge economy in the 21st century is accompanied by an active search for approaches to the management of socio-economic systems, the core of which is represented by technology. By means of innovative technologies, the basics of old business and capital reproduction models are destroyed, while the concentration of production factors and the attraction of assets of various investors acquires an appropriate target orientation. Accordingly, the problems of identifying the results of technology transfer and improving its efficiency are the subject of scientific and applied research in the field of international marketing, innovative and investment management. This publication is aimed at researching the policy of technology transfer to gain competitive advantages in domestic and foreign markets and the peculiarities of its implementation in the conditions of digitalization and servitization of global business, which is justified by the construction of appropriate mathematical models on the example of countries, leading in the world exports of computer services. Innovation technology is considered from different sides as follows: the object of transactions in international relations; the factor of formation of dynamic competitive advantages at both the macro- and the micro-levels; a driving force in shaping dynamic competitive advantages of goods and services; the basis for the growth of the country’s export potential. It is proved that thanks to information and computer technologies, the dominant properties of capital are manifested and the importance of innovative entrepreneurship in the economy with alternative sources of added value creation in related industries with a growing range of intellectual services is increasing. A contentual model of technology transfer as a dynamic process of absorption of technologies through the diffusion of new knowledge is built.

Article is written in Ukrainian


Razumova H. V., But K. A., Butsanova K. H.
Evaluating the Impact of the Pandemic on the Economies of the World Countries (p. 28 - 32)

The article is aimed at studying the impact of the COVID-19 pandemic on the economies of the countries of the world. The main consequences of the COVID-19 pandemic for the economy are considered. It is noted that the outbreak of the pandemic has become one of the most serious threats to the world economy and financial markets. It is determined that concerns about the impact of the pandemic on the world economy have shaken markets around the world, in particular, stock prices and bond yields have fallen sharply. The main consequences of the pandemic for the world economy are currently the following: the fall in exchange indices; significant decline in oil prices and slowing development of the metals market; reduction of production; significant decrease in revenues of airlines and maritime transport, shopping and entertainment centers, tourism industry; decrease in incomes of the population; growth of profits of the pharmaceutical industry and the global gaming, educational and other online applications industry; increased investor demand for less risky assets. In such a situation the paces of the economic growth of both the majority of countries and the world economy in general at the present time are slowed down. This situation demonstrates the need to make informed decisions by the governments of the world and local authorities, which, in close cooperation with leading experts, the corporate sector and the population, should implement an effective socio-economic policy both in the context of lock-down and in the subsequent months after its completion. The main possible methods of mitigating the effects of the pandemic on the economies of developing countries are considered. Recommendations on possible measures aimed at reducing the impact of the pandemic on the economies of countries in the global dimension are presented. Prospects for further research are to analyze the economic consequences of lock-down, losses of the world economy after overcoming coronavirus disease and real measures that have been taken to stabilize the financial and economic situation at both the micro and macro levels.

Article is written in Ukrainian

Geleverya Y. M., Serhiienko Y. I.
The Impact of Globalization Processes on the National Economy of Ukraine (p. 33 - 38)

The article studies the impact of globalization on the process of activities of domestic enterprises, which are forced to change their behavior strategies in the markets of goods and services and adapt to new conditions of doing business. The main causes of globalization are determined, its positive and negative consequences for the national economy are listed. The processes of globalization taking place today have directly affected Ukraine. Based on the carried out research of these, the article provides the main causes, advantages and disadvantages of global phenomena, as well as forecasts for the future development and impact of globalization on the national economy. It is indicated that globalization has a significant impact on the development and functioning of the country’s economy. Also, the processes of globalization have a fairly wide impact on the development of domestic enterprises. The KOF index of the level of globalization of the world countries, which prevails in the most cases, is considered. The rating of Ukraine according to the KOF index of the level of globalization, the dynamics of changes in the index for 2010-2019 are provided. The positive aspects and threats caused by Ukraine’s entry into the world global space are identified. It is determined that in the context of globalization, Ukrainian enterprises are trying to achieve their growth through the modernization of production facilities, introduction of modern technologies, ensuring world-class productivity and quality of products and services, improving management, active public-private partnership. There are four main development options that provide an opportunity to achieve success and increase the efficiency of enterprises in the context of globalization. It is summed up that, despite all the negative aspects, globalization increases the efficiency of the world economy, helps enterprises to achieve significant success through the opening-up opportunities, and unites countries to solve global economic problems.

Article is written in Ukrainian

Tymoshenko O. V., Franchuk L. A.
The Main Tendencies and Prospects for the Development of Sectors of the Creative Economy in Ukraine (p. 39 - 46)

Today, the creative economy in the leading world countries occupies an important place in the formation of the country’s income, contributes to the creation of intangible values with high added value, provides one of the highest multipliers. Today, the world is increasingly under the aggressive influence of various environmental factors, one of which is the widespread spread of viral infections that threaten not only the life and health of the world’s population, but also business around the world. The COVID-19 pandemic created new challenges for the functioning of creative business, so enterprises needed to look for new ways out of the crisis. The article explores the essence of the concept of «creative economy». It is determined that among the authors there is no consensus on the interpretation of the concept, therefore, on the basis of the study presented, an in-depth understanding of the essence of this definition is proposed. The problems of formation and development of the national market of creative industries in Ukraine are covered and ways of their solution are outlined. The changes that are taking place in the modern global business environment during the COVID-19 pandemic are identified. It is noted that in 2021, the Government approved the «State Strategy for Regional Development for 2021-2027», which implements the goal «Improving the level of competitiveness of the region». On the basis of theoretical, methodological and practical researches, the authors propose the main directions of reforming and revising the policy of development of sectors of the creative economy in Ukraine.

Article is written in Ukrainian


Su Rui
Comparative Analysis of Trends in the Ukrainian and Chinese Economies (p. 20 - 25)

Nowadays, the global economic environment is full of uncertainties. Affected by the novel coronavirus epidemic, the economies of various countries are developing slowly or falling into recession. In this case, countries face different uncertainties. The article analyzes the economic development direction of China and Ukraine. Judging from the GDP per capita of both Ukraine and China in the past ten years, China has been growing steadily every year, while Ukraine has changed more. Therefore, the article analyzes the strengths and weaknesses of the 12 pillars of the Global Competitiveness Index for the two countries through the period of 2018–2019, an indicator that measures a country’s ability to grow in the medium and long term. It is found that Ukraine has problems in stability and macroeconomic stability, while China has problems in social cohesion and innovation ability, and puts forward corrective opinions to determine the direction of development. In addition, by analyzing the overall ranking of China and Ukraine in the Global Competitiveness Index from 2009 to 2019, it is found that the economic growth capacity of these countries has partially developed in the same direction in the past decade. However, due to the influence of political and macroeconomic factors, the focus of the development of these countries is to hope that the countries will correct the existing problems as soon as possible, formulate corresponding policy plans, and strengthen and ensure the implementation of the relevant policy. In addition, our countries will continue to strengthen the construction of global integration, reduce trade barriers, increase the liquidity of commodities, speed up the processes, promote the circulation of production factors, accelerate economic growth, and enhance competitiveness. The future can be expected.

Article is written in English


Kovalchuk T. H., Zaharii V. K.
A Foresight of the Development of the World Natural Gas Market in the Conditions of the Transition to a Low-Carbon Economy (p. 4 - 13)

The purpose of the article is to develop a foresight of the development of the natural gas market in the context of the transition to a low-carbon economy to provide understanding of possible options and forecast the future of the world market. Analyzing, systematizing and summarizing the scientific works of scholars, the concept of a low-carbon economy, its importance and necessity for solving acute environmental and political problems of mankind related to greenhouse emissions, global warming, environmental pollution, lack of natural resources or dependence of countries on energy suppliers were considered. In the course of the research was used foresight with a focus on the method of developing scenarios for the possible future development of the natural gas market in the context of the transition to a carbon-free economy. Using the reporting data of companies and countries of the world, the main indicators for similar features are analyzed and systematized, on the basis of which four scenarios are built to draw conclusions and help gas producers improve their activities and build long-term strategies in the context of the transition to a low-carbon economy. The article allocates the companies that are an example for the transition to a low-carbon economy, in particular, the Ukrainian company «Naftogaz», which has actively begun to develop the direction of using alternative energy sources to maximize the benefits of the minimum amount of natural resources. The ways of preserving the positions of gas companies in the market are examined. The recommendations proposed for companies will make it possible to quickly adapt to new conditions of existence during the transformation of the gas market. Prospects for further research in this direction are determining the degree of transition of the natural gas market to a low-carbon economy, its impact on the activities of gas enterprises, ecology and environmental pollution, and the provision of energy resources to countries of the world that are in need of additional sources.

Article is written in Ukrainian


Babets I. H., Zhabynets O. Y.
Increasing the Competitiveness of Domestic Producers in the Face of Global Challenges: The Regional Aspect (p. 4 - 10)

The article is concerned with a study of problems and directions of increasing the competitiveness of domestic producers in the face of global challenges. Based on the analysis of the level and dynamics of indices of globalization together with indices of globalization of trade in both Ukraine and the world, the main most important stages of globalization in Ukraine, including in international trade, are allocated. It is defined that in Ukraine, in contrast to the global tendency, changes in globalization processes occur more intensively. The key factors ensuring the growth of competitiveness of domestic exporters in the world market, the export structure of Ukraine’s international trade, including in the regional context, and the contribution of Ukraine’s regions to the export activities of the State are analyzed. It is proved that Russia’s full-scale military invasion will have the greatest impact on the export capabilities of enterprises in the east and south of Ukraine (where active hostilities are taking place), as well as those regions that border Russia and/or have already suffered large-scale destruction during the war (Kyiv, Sumy, and Chernihiv regions). Thus, the loss of Ukraine’s export potential, especially in commodity trade, taking into account export logistical problems, will be critical in 2022. The main instruments of the State support for Ukrainian exporting enterprises in the conditions of war are analyzed and measures to increase the competitiveness of domestic producers in modern turbulent conditions of development are proposed.

Article is written in Ukrainian


Zelenko O. O., Gutsan T. G., Osmirko I. V.
Hydrogen Energy and Potential for Its Development in the Economy of Ukraine (p. 20 - 26)

The purpose of the article is to assess the advantages and disadvantages of hydrogen energy and the prospects for its development in Ukraine. The advantages of hydrogen, which determine the development of hydrogen energy are allocated: ease of use, infinity of reserves in the environment, energy efficiency. Also, the production of «green» hydrogen is a solution to the problem of excessive energy production by alternative energy and a convenient way to balance electric energy production in the power system of the producing countries. The disadvantages of hydrogen energy include the following: the high cost of producing «green» hydrogen at the present stage of energy development; flammability and danger in contact with air; significant technical problems that arise during the storage and transportation of hydrogen as an energy carrier. The analysis of the plans of developed countries in general and the EU in particular for the development of hydrogen energy and their implementation shows that the policies of national governments and the EU have led to an increase in investment in the industry, an increase in the scale of projects being implemented and a reduction in the cost of equipment for the production of «green» hydrogen. The carried out analysis shows that taking into account high energy prices, cheaper electric energy from renewable energy sources and equipment for hydrogen energy, hydrogen will become competitive in 12 national markets by 2030, and in many other countries – by 2050. The following promising effects for the Ukrainian economy are highlighted: reducing dependence on imports of traditional energy carriers; improving the balance of the country’s energy system; the opportunity to change the role of Ukraine’s gas transmission system for the European energy market; creation of a new export industry with financial and technical support from the EU; creation of a domestic market for «green» hydrogen in the country along with opportunity for new jobs.

Article is written in Ukrainian


Halakhova T. O., Halakhov Y. M., Yevdochenko O. O., Kyslytsyna O. V.
The Contemporary Models of Business Monetization in the Context of Digitalization of the Economy (p. 52 - 63)

The purpose of the article is to study the models of forming of business income (monetization models) as a subsystem component of the overall business model of the company through a logical relationship: «business monetization model – business model of the company – global business ecosystem» to substantiate the most effective models in modern conditions of strengthening digitalization of economic development. The article visualizes the mechanism for forming the e-business strategy «from data analysis to strategy», that is, generalized, structured and in a certain way systematized data be of value – i. e., the knowledge that a company can use in developing its business strategy. The methodology for forming a business model of a company is analyzed on the basis of 4 key components: «Who? – What? – How? – Why?». The article provides a detailed analysis of monetization models for digital business (online format) in terms of their implementation, as well as generalized characterizations of each model; the key advantages and disadvantages of their implementation are distinguished. Attention is paid to the following monetization models: transactional income model (or production model of business monetization); markup model; advertising model; licensing model; arbitration model; commission (partnership/affiliate) monetization model; model of open innovation; model of «income from the sale of services»; subscription model (Freemium/Premium), as well as to the innovative and creative business models of companies and, in particular, their monetization models such as: Experience Selling model; model of additional services (Add-on Model); Aikido Model; Flat Rate Model, and Razor & Blade Model.

Article is written in Ukrainian


Deyneka T. А., Dyvnych О. D., , Chernova O. V., Zahrebelna I. L., Volkova N. V.
The Current Global Economic Tendencies (p. 37 - 44)

Today, the world is trying to maintain a global tendency in the development of a sustainable economy, responding to various threats, risks and challenges: the COVID-19 pandemic; political instability; wars; the formation of multipolarity of the world; spread of processes of technologization and digitalization, energy imbalances; demographic and environmental problems, etc. The purpose of the article is to study global tendencies in the development of the world economy, the influence of destabilizing factors, the selection of megatrends, which are caused by the formation of a post-industrial mode of production. It is specified that economic megatrends are formed as result of technological revolutions and changes in the mode of production. According to the content of these transformations, the current stage of society’s life represents the beginning of the development of post-industrial relations. This type of technical, economic and socioeconomic relations determines the long-term vectors of economic development, which are based on basic innovations – digital technologies, artificial intelligence, quantum computing, etc. It is stated that big trends, or megatrends, are manifestations of long-term vector changes. However, in the current periods of their objectification, megatrends are influenced by many factors – there is an adjustment of the current dynamics within the framework of the general determining trend of economic development. It is emphasized that the most significant in our time is the negative impact of the COVID-19 pandemic, which has led to the weakening of international economic ties and the rupture of supply chains. This was followed almost immediately by the russian military invasion of Ukraine, the consequences of which affect the social (including economic) life not only of European countries, but also of the world in general. The cumulative and repeatedly enhanced due to their simultaneity, the negative impact of these factors significantly adjusts the parameters of global economic trends – temporal, structural and others – at present. It is found that in 2022 there is a decrease in the global economic growth rate to 2.9% compared to the growth rate in 2021 by 5.7%, and, according to the forecast, during 2023-2024 there will be no compensation. In such a situation, inflation will remain high, which could lead to a sharp global recession along with financial crises in some market-based and emerging economies. It is determined that the dynamics of GDP of the pre-pandemic and pre-war period highlighted the outstripping growth rate of the economy in developing countries, compared with the dynamics of GDP of developed countries. The carried out studies have shown that a larger share of world GDP is created in developed countries, and by 2032 the contribution by groups of countries (developed / developing) will not become equal, although it will gravitate towards this parity. The prognosticated paces of global economic growth by region in 2023–2024 are examined. The significant negative impact on the world economy of russia’s invasion of Ukraine in general and in certain regions in particular is emphasized. It is concluded that the harshest consequences of the war would be for Europe and Central Asia. A slowdown in growth this year is forecast in all regions other than the Middle East and North Africa – that is, in those regions where countries can benefit from energy prices. For all regions with a market and a developing economy, the following risks occur: increased geopolitical tensions; rising inflation and food shortages; financial stress and increasing the cost of loans; new outbreaks of COVID-19, etc. It is noted that the need to reduce the negative impact of these risks led to the search by society for such directions of development that would become an impetus for economic growth and restore market activity. In the period of formation of the post-industrial technological mode of production, nano-, bio-, info-, cognitive technologies became decisive. The carried out research provides grounds to assert that the six economies named by the UN (exabyte, welfare, carbon-neutral, closed cycle, biogrowth, impressions) are megatrends, since such transformations are the result of the formation of a post-industrial mode of production – a special type of relations: technical and economic (productive forces) and socioeconomic (production relations).

Article is written in Ukrainian


Podrez O. I., Cherepanova V. О.
The Global Economy and Its Requirements for Social Responsibility of Enterprises (p. 12 - 20)

The article is aimed at studying the essence of the definition of «global economy», as well as the impact of modern transformation processes on the activity of the State and enterprises in the sphere of social protection and social security of workers and population. On the basis of terminological analysis, the essence and characteristics of the global economy as a constantly changing process concerning the unification of countries into a single informational, economic, ecological and social space have been determined. A systematization of positive and negative consequences of globalization in relation to the development of the social sphere of developed countries and developing countries was carried out. It is proved that, under the influence of the negative consequences of globalization, there is a need to form a system of social protection, which is based on the use of social security at the level of the State and at the level of enterprise, in accordance with types and instruments. At the State level, social security is divided into such types as: legal and administrative, economic, ecological, material and energy, and medical, and at the enterprise level as financial, ecological, material and energy, medical, and legal. This distribution allows taking measures for social protection for specific types of social security. A chain has been built to eliminate the impact of negative consequences on the social sphere, namely: the consequences of the impact of the global economy – social consequences – social protection – social responsibility – social partnership. In further research, it is advisable to build a conception of social responsibility management of enterprises, which is aimed at developing and implementing social protection measures, as well as to determine the structure, components and instruments of the mechanism for its implementation.

Article is written in Ukrainian

Shepel T. V.
Consequences of the Russian Invasion for Ukrainian Society: Migration, Its Extent, Ways to Overcome (p. 21 - 32)

The article considers the main aspects of a previously unknown phenomenon in Ukrainian society – the multi-million number of refugees during the full-scale Russian invasion of Ukraine. The reasons that directly influenced the migration of Ukrainians are identified. The extent of destruction of Ukrainian cities as a result of terrorist attacks, which provoked a powerful migration wave, is determined. An analysis of the most damaged objects of social infrastructure, enterprises, residential buildings, medical and educational institutions, in particular in Donbas and the Azov region, is carried out. The cities of the aggressor country hosting the deported people from the seized parts of regions of Ukraine are named. In this respect, it cannot be determined for certain which category of Ukrainians left voluntarily and which under duress. The countries of the European Union chosen by Ukrainians for residence, citizenship or temporary asylum are studied. It is determined that in the overwhelming majority the choice of destination country was determined by proximity to the homeland. The gender and age category of the displaced persons, marital status, etc. are analyzed. The critically young age of Ukrainian refugees, the dynamics of the outflow of the reproductive category of the population representing the intellect of the State are determined. The socioeconomic problems (loss of housing, divorces, drain of economically active population, aging of the nation, undermining of territories, ecological catastrophe, falling GDP, etc.) that will befall Ukraine in the post-war period are emphasized. It is proved that economic factors can cause another wave of economic migration, which must be prevented today. It is revealed that for the return of migrants important are the level of unemployment, incomes of the population, prospects for economic growth, economic recovery. The priorities and directions of the State policy for the return of Ukrainian citizens, the development of destroyed territories and the protection of Ukrainians situated on the border with Russia and Belarus are determined.

Article is written in English

Ilnytskyi V. V., Ozarko K. S., Yurchik A. I.
The Role of Green Logistics in the Development of a Sustainable Supply Chain (p. 33 - 39)

The article presents the results of research in the field of sustainable development and responsible consumption, analyzes global logistics trends, and updates the essence of the concept of "green logistics". The main factors of the formation of a sustainable supply chain at the current stage of development of macro-logistics systems are characterized, the role of green logistics in these business processes is described. It is substantiated that in a sustainable supply chain, all processes are organized and interconnected in such a way that they create special value for the customer who demonstrates responsible consumption. Among the best business practices in the field of green logistics within the framework of a sustainable supply chain, the following can be distinguished: reduction of energy consumption; reduction of packaging/containers; reduction of greenhouse gas emissions; waste reduction; effectiveness of sales channels; compliance with environmental requirements; risk management; differentiated services; selling expenses. The research focuses on the fact that the future of green logistics is connected with the development of new technologies. The use of blockchain technology is also considered relevant, because one of the most effective ways to achieve the goals of green logistics is the digitalization of transport processes. Shifting to more sustainable practices is important on a global scale to reduce the negative environmental impact of logistics infrastructure. At the same time, the creation and development of sustainable supply chains will provide synergistic effects and provide benefits for all business partners. It has been proven that green logistics is becoming an integral part of sustainable business practices and can help organizations save money while protecting humanity from global environmental catastrophe. In the future, it is logical to study the problems associated with the implementation of green logistics by Ukrainian enterprises, in particular in the context of overcoming crisis phenomena and post-war reconstruction.

Article is written in Ukrainian


Nahirna N. I., Zastavnyy A. R.
The Problem of Food Security for the Countries of the Middle East and Its Socioeconomic Dimension (p. 22 - 29)

The article deals with the actuality of the problem of food security, the complex nature of the problem is substantiated. It is confirmed that food security is connected with human right to food; therefore it should be supported by international organizations and countries. The state of food security, formation of which was affected by changes both in the global and regional context, was analyzed. The state of food security in the countries of the Middle East was studied through the prism of threats to food security that occurred against the background of demographic, climatic and security challenges. The relationship between food security and socioeconomic processes was clarified. The influence of insufficient productivity of agricultural sector, land degradation, limited access to water resources, conflicts, demographic and social factors on the state of food security in the region was analyzed. The role of supporting agricultural sector at the level of international organizations to increase the level of food security is ascertained. The main types of support for the development of agriculture were analyzed using OECD indicators and their evaluation was carried out for some countries in the Middle East. Measures to improve food security in the region that take in account attracting funds and implementing special programs were considered on the example of Turkey. Recommendations for improving agricultural policy, developing infrastructure, supporting agriculture and promoting innovative approaches to ensure food security in the region were suggested.

Article is written in Ukrainian


Duginets G. V., Generalov O. V., Verba Y. I.
Food Security in the Context of the «Perfect Storm» in the Global Economy (p. 6 - 15)

The relevance of the study is due to the fact that the full-scale Russian invasion on February 24, 2022 and the ongoing war on Ukraine increased food security vulnerabilities around the world, creating new problems for the already volatile markets of the post-pandemic period. The purpose of the study is to examine the impact of the «perfect storm» in the global economy on food security and identify directions for mitigating the emerging threats. It is proved that the existing food security crisis is caused by many factors, and there is also a need to restore global reserves. This process would be significantly accelerated if Ukraine were able to resume its role in the global food market. However, the war goes on, which continues to have a negative impact on production and generates uncertainty about food security. According to the results of the carried out analysis, it is determined that the interaction of international organizations in the field of food security and government agencies is a very important factor in solving issues of stabilizing the level of food security. Certainly, not all potential threats can be predicted if they are natural, geopolitical or of economic nature, but the interaction of FAO and similar organizations with analytical associations can contribute to a partial solution to this problem. It is substantiated that the transformation of the food sector should be inclusive, ensuring the active involvement of all its actors (for example, governments, international organizations, companies, farmers, etc.) in the development and implementation of targeted measures. In addition, this transformation is connected with the implementation of policies that reduce dependence on several exporting countries and replace corn and wheat with local crops, as well as the development of domestic food systems aimed at creating a network of short supply chains based on seasonal products. This will make it possible to mitigate the risks of food security in the global economy in the medium term.

Article is written in Ukrainian


Shevchenko O. V.
Global Ecological and Economic Preconditions of Climate Changes and their Forecast Dynamics in the Medium and Long Terms (p. 12 - 18)

The purpose of the article is to study global trends in climate change, which is one of the most pressing threats with a long-term negative impact on the population, environment and economy. The article analyzes the impact of global climate change on land resources, agriculture, forestry, water resources, emergencies, etc. It is defined that global climate change is one of the most acute problems of human development, ignoring which in the long run will lead to a leveling of economic growth. In addition, climate change can lead to various negative consequences, such as an increase in the frequency and intensity of natural disasters, worsening conditions for agricultural production, threatening changes in the regimes of water resources, high temperatures, air pollution, etc. The article examines the anthropogenic causes that have led to the global problem of climate change. The main causes and features of the global warming and climate change process are identified. The natural and anthropogenic factors that influence global warming and climate change are described. Examples of climate change in different regions of the world are given, and their consequences are characterized. The article presents a forecast of regional manifestations of global climate change, which is important for regional development and strategic planning. Forecasts help to develop adaptation strategies and measures to reduce the negative impacts and take advantage of opportunities that may arise as a result of changes. In addition, regional analysis makes it possible to determine the specifics of the impact of climate change on specific territories and take them into account in the development of strategies for balanced development, ensuring public safety and preserving natural resources. Approaches to determining the characteristics in the context of future climate change are proposed, as well as approaches to developing an adaptation policy in relation to possible consequences of climate change. The results of the study can be used by local government officials to assess the causes and consequences of global warming and extreme weather events, as well as to formulate adaptation policies.

Article is written in Ukrainian


Bratchuk U. P.
Determinants of the Development of Global Financial Architecture (p. 15 - 23)

The current stage of development of the global economy is characterized by the acceleration of the processes of financial globalization that qualitatively and quantitatively change not only its institutional environment, but the interconnections and interdependence of all components of the world financial system as well. The aim of the article is to disclose and substantiate the key determinants of the development of the world financial architecture (WFA), to define the dynamics of its functioning in the context of modern economic and political realities. In the process of carrying out the study, general scientific and special methods were used: analysis and synthesis, scientific abstraction, classification, structural analysis, grouping, graphic methods. The publication examines transformation processes and evaluates the current state of the world financial architecture. The main determinants of the WFA development are analyzed and allocated as follows: transformations in international monetary and credit relations; integration and globalization of stock markets; growth in the pace of international banking operations; dissemination of scientific and technological achievements; liberalization of international monetary relations and financial markets; sociocultural and demographic trends, etc. The main measures to strengthen and improve the functioning of the global financial architecture in the short and long term have been allocated, taking into account the studied factors of influence. Among the main measures to be implemented the sooner the better are allocated the following: ensuring a steady decline in inflation; control over financial stability; dealing with currency fluctuations; providing support to vulnerable strata of the population. In the long run, it is necessary to: restore the sustainability of the debt situation; strengthen the multilateral cooperation; accelerate the transition to a green economy. Thus, it is found that ensuring the sustainability and efficiency of the global financial architecture is an important task that requires immediate action. With this in mind, regulators, international financial institutions and participating countries should interact and work together to improve financial management systems, reduce economic and social inequalities, and create a financial environment conducive to sustainable economic growth. Prospects for further research in this direction are: analysis of the impact of leading international organizations on the WFA, development of a methodology for assessing the determinants of the development of the financial system and identification of possible scenarios for the development of the world financial architecture.

Article is written in Ukrainian

Shkurat M. Y.
The Mechanisms for Creating a Crisis-Resistant World Financial Architecture (p. 23 - 31)

Today, there is a clear need to create a new world financial architecture. In this regard, the key task of the leading countries is to reform the mechanisms for regulating world financial markets and supervising the operations of their participants in order to counter crisis shocks. Therefore, the aim of the article is to identify mechanisms for creating a crisis-resistant world financial architecture (WFA) and to analyze strategic approaches to increasing the stability of the global financial system in the face of modern economic and political challenges. In the course of writing the article, economic and statistical methods of analysis, description, measurement, comparison and observation were used. In the process of the study, general theoretical methods of scientific knowledge were also applied: synthesis, deduction, and induction. The study carried out a retrospective analysis of the world financial crises in order to allocate their main features; identify the most effective strategies for restoring positive trends and the effectiveness of anti-crisis policy under different conditions. An analysis of the current state of the WFA has been carried out and the main crisis processes of today have been defined. In order to develop a new strategy for ensuring a crisis-resistant system, a systematization and analysis of existing modern mechanisms for the prevention of financial crises has been carried out. As a result, the following are allocated: the monetary path; regulatory (infrastructural) approach; the use of a new world reserve currency instead of the US dollar; introduction of a regional currency with the possibility of using different underlying assets and transition to the currencies of individual countries. The results of the study were the identification of priority strategic steps and the development of recommendations for achieving the sustainability of the world financial architecture: compliance with the principles of counter-cyclical fiscal management; prudence in the implementation of monetary policy; the need to strengthen regulatory and supervisory control; timely detection of imbalances arising in financial markets; clear risk management and proper international cooperation. Prospects for further research in this direction can be: study of the impact of regional initiatives on the world financial architecture and the possibility of their use to reduce the vulnerability of the world economy to financial crises; development of innovative financial instruments and their importance for the WFA.

Article is written in Ukrainian

Pylypenko H. M., Herasymenko T. V., Lytvynenko N. I.
Global Tendencies of the International Movement of Capital (p. 31 - 37)

The article examines the global trends of international movementof capital in the form of foreign direct investments, which were characteristic of the period of development of the world economy in 2011–2022, during which the world financial and economic crisis took place and the COVID-2019 pandemic spread internationally. The directions of international expansion of transnational companies are studied in view of their participation in the formation of global value chains, which consistently connected with each other in the global space the types of economic activities for the creation and promotion of products. Based on the analysis of international statistics data, clusters of countries were singled out, which acted in different years as the largest recipients of foreign direct investments and were in the circle of economic interests of large international business. Changes in the direction of foreign direct investment flows of leading transnational corporations are shown and their influence on the geographical localization of production processes within global value chains since the end of the 20th century until now is demonstrated. Special attention is paid to the examination of the forms and directions of international movementof capital in Asian countries, which hold the global leadership in attracting foreign direct investments. In the system of factors that influence the direction of foreign capital movement in the international space, a separate group of factors related to the effect of global transactional risks is singled out. The latter change the direction of foreign direct investment in the global economy and need to be taken into account in the formation of industrial policy by the governments of national economies.

Article is written in Ukrainian


Gerashchenko M. V.
Competitiveness of the National Economy in Conditions of Structural Changes (p. 18 - 23)

The article researches the competitiveness of the national economy in conditions of structural changes, the article’s further aim is to define the strengths and weaknesses of the national economy. Based on the carried out analysis of the Global competitiveness index, it is determined that in 2021, in terms of global competitiveness, Ukraine returned to the level of 2013 and took the 54th position among 64 countries. During the period of 2015–2018, the relative stability of Ukraine’s position at the 59th place is observed, in 2019 and 2021 the country demonstrates an increase in rating positions. The analysis of the rating’s components of the ranking indicates that Ukraine’s low position in the global competitiveness ranking in 2021 is due to insufficient economic development. After all, Ukraine occupies the 54th position according to the element «economic indicators». At this, the highest-rated indicator corresponds to the element «business efficiency» (the 50th position in the ranking). It should be noted that it was possible to improve the position regarding the element «infrastructure», according to which Ukraine took the 51st place, while in 2020 it was the 54th position. It is determined that the modern global environment is characterized by a significant level of digitization of all spheres of life activities. The analysis of the country’s competitiveness from the point of view of the use of information and communication technologies is carried out on the basis of the Index of digital competitiveness of countries, which consists of three sub-indices: knowledge; technologies; readiness for the future. It is revealed that for the period 2012–2021, Ukraine had the highest ranking position on the «knowledge» indicator compared to other components and in 2021 took the 37th position, thus improving its ranking compared to the previous period. At the same time, according to the components «technology» and «readiness for the future», the positions in the ranking are approximately the same. The weaknesses and strengths of Ukraine’s competitiveness are highlighted. Among the weaknesses that do not allow Ukraine to take a leading place in the international ranking of digital competitiveness are significant investment risks, an insufficient level of intellectual property protection and the present level of cyber security. Strengths include: providing opportunities to start and develop one’s own business, relatively high Internet speed, e-democracy and high quality of education.

Article is written in Ukrainian


But-Gusaim O. H.
Conditions and Impact of Globalization Transformations on the Activities of Business Structures (p. 29 - 45)

The study is devoted to the analysis of how globalization processes affect various aspects of doing business. The novelty of the study lies in several key aspects: for the first time, the concept of preconditions for globalization transformations, factors and phenomena is defined and differentiated, their detailed description is made using the latest statistical data of world-wide development. Globalization phenomena and factors are systematized by both the positive and negative consequences of impact on socioeconomic development. The consequences of the impact of globalization transformations on business structures, in particular on innovative development, automation of processes, improvement of logistics, improvement of communications, management, expansion of sales markets, are studied. As a result of the study, approaches to understanding globalization as a multifaceted process that covers the socioeconomic, political, technological, and cultural aspects of society are systematized. The key preconditions for globalization, including the development of informatization, the introduction of new technologies, political changes and economic integration, are analyzed. It is found that these factors enable interdependence and interactivity at the global level, fostering the convergence of different national systems. Conclusions are drawn about the twofold impact of globalization: on the one hand, it stimulates economic integration, free movement of goods and services, development of technology, increase in productivity of economies, exchange of cultures and development of intellectual capital; on the other hand, it leads to economic inequalities, negative impact on local producers, environmental problems, political conflicts and loss of cultural uniqueness. The study also characterizes the impact of globalization on business, including innovation, digitalization, process automation, market expansion, the introduction of omnichannel retail, logistics optimization, reduction of delivery costs, as well as the development of new forms of financing and modern approaches to management.

Article is written in Ukrainian

Syhyda L. O., Malii S. V., Lu Xiaopeng
Theoretical Aspects of Territory Branding: A Bibliometric Analysis (p. 45 - 55)

The aim of the article is to study the problems of territory branding in the scientific works of domestic and foreign scholars. The research methodology is based on bibliometric analysis, which allows accumulating an array of publications on a particular topic and processing it. For data collection, the Web of Science scientometric database was chosen. After applying a number of criteria – the choice of subject area, type of publications, language and year of publication – 948 papers between 2000 and 2023 were selected for final review. Valuable results obtained on the basis of the study include the following. Firstly, the authors’ publication activity stabilized and began to grow gradually in 2000, during the 1990s only 12 works were published. In 2021, the authors published the most – 113 works, and the highest level of citations was reached in 2023. Thus, the article by C. Fornell of 1981 was mentioned 72 times, the article by K. L. Keller of 1993 – 64 times, the publication by J. F. Hair of 1998 – 60 times. The composed chronology of citations in the analyzed scientific publications made it possible to trace the order of joint citation of literary sources. Thirdly, scholars from China, the United States and Great Britain show the greatest interest in the topic under study. Their joint scientific achievement makes 35% of the total number of analyzed publications. Fourthly, the words «branding» and «brand», «marketing», «destination» and «place» are often used both in keywords and in the titles of articles. Fifth, half of the analyzed articles meet at least one Sustainable Development Goal. The eleventh (Sustainable Cities and Communities), ninth (Innovation and Infrastructure) and third (Good Health) goals are most often reflected. Sixthly, Ukrainian scholars have published 13 articles on the topic of territory branding, which indicates interest in this topic and the presence of development potential. Further research will be aimed at deepening the typology of approaches to determining territory branding strategies.

Article is written in Ukrainian


Shevtsova A. V., Dovgal O. A.
The Connection Between the Transformation of the World Financial Architecture and the Digital Transformation of the Global Economy (p. 15 - 22)

The aim of the article is to analyze the impact of digital transformation on the global financial architecture and economy. The study examines in detail the connection between the digital transformation of the global economy and changes in the world’s financial systems, reveals the key trends and the challenges they generate. In recent decades, there has been a rapid development of digital technologies that affect all aspects of public life. The rapid progress of the information society, the globalization of information processes and the increasing activity in innovative areas of economic activity, such as online stores, online banks and electronic currencies, have significantly transformed the economic landscape. These changes have led to the formation of a new economic sector known as the «digital economy». The conception of the «digital economy» became relevant at the end of the 20th century, when Nicholas Negroponte defined it in 1995 as the transition from the movement of atoms to the movement of bits. The digital economy is based on the use of digital technologies and includes e-business, e-commerce, and the products and services they generate. One of the most important aspects of digital transformation is increasing automation of processes. The use of artificial intelligence and machine learning to optimize production and business processes is becoming increasingly common. It is also noticeable that digital transformation encourages the development of new business models, in particular the platform economy. Within these models, ecosystems are created that bring together different industries and players to jointly achieve goals and solve problems. The results of the study highlight the importance of digital transformation as a key driver of economic development and structural changes in financial systems. This opens up new opportunities to increase productivity, increase competitiveness, and foster innovation.

Article is written in Ukrainian


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