Prospects for improving the state regulation of foreign economic activities in Ukraine through the prism of ensuring the economic security of the state

Authors

DOI:

https://doi.org/10.34132/pard2023.21.07

Keywords:

foreign economic policy, foreign economic activity, mechanism of state regulation, areas of foreign exchange regulation, export and import

Abstract

The purpose of this article is to establish the directions of state regulation of foreign exchange, highlight the features of state regulation of foreign exchange, and determine the prospects for improving the mechanism of state regulation of foreign exchange in Ukraine. It has been determined that the ED is a complex complex type of activity that includes various objects and can be stratified into segments taking into account a number of criteria and features. At the same time, what is in demand is not the study of individual areas of regulation of foreign economic activity, but the analysis of their interaction. During the implementation of the FEZ, the achievement of the fundamental goal is significant - such activity should become a source of increasing national income and sustainable development of the economy. This has a perspective only in the course of solving tasks to achieve this goal, which is unattainable without a balanced and effective state administration. It has been proven that the State regulation of foreign trade includes a set of measures that have a legislative, executive and control nature, and are aimed at improving foreign trade in the interests of the country's economy. This system provides for the creation of the necessary conditions and mechanisms for the effective interaction of business entities within different states and at the international level. It has been established that the main directions of foreign economic activity are entrepreneurial activity, foreign trade, provision of various services, financial and credit operations, scientific and technical cooperation with foreign enterprises, etc. Regulation of these types of activities is carried out by the state through its bodies. Also, non-state subjects of economic management are involved in the regulation of foreign exchange, including: stock exchanges, chambers of commerce, associations, etc. The regulation of FEZ takes place together with FEZ subjects themselves on the basis of agreements concluded between them on the coordination of actions. It was emphasized that the essential components of the FED management mechanism are the systematic monitoring of the external and internal environment, the analysis and assessment of the state and development prospects of the FED, the development of tactical and strategic plans. It is legitimate to claim that the active digitization of the economy can provide advantages in the implementation of foreign trade in Ukraine.

References

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Published

2023-09-25

How to Cite

Antonova, L., & Antonov, A. (2023). Prospects for improving the state regulation of foreign economic activities in Ukraine through the prism of ensuring the economic security of the state. Public Administration and Regional Development, (21), 759–788. https://doi.org/10.34132/pard2023.21.07

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