Foreign economic activities of regions in Ukraine in the conditions of Russian aggression: structural features
Journal Title: Регіональна Економіка - Year 2016, Vol 79, Issue 1
Abstract
In a worsening political and economic conflict with Russia and geopolitical changes on a global scale poses some new challenges and tasks associated with maintaining relations with its main strategic partners and at the same time promoting and strengthening positions of our state on international arena. In this context, particular importance is the structural definition of the priorities of foreign economic activity of the regions of Ukraine in the light of geopolitical configurations that currently are formed brightly in the global economic space and which, in turn, will play a key role in developing the international policies of the new time. <br>The economic and political situation in Ukraine at the present time, revolutionary and military events of recent years, caused dynamic changes in the overall structure of the state economy, and in particular in the sphere of foreign economic activity of regions. Thus, the share of export in GDP of Ukraine is more than 50%, therefore, how pattern develops foreign economic activity of regions depends on the fate of the state’s economy in general. <br>The aim of the article is evaluation of structural features of the modern condition of foreign economic activity of regions of Ukraine in conditions of Russian aggression and the identification of trends in the development of their foreign economic relations. <br>In the article the author are analyzed the features of development of foreign economic activity of the regions in Ukraine for the period 2013-2015 and impacted the evaluation of the military aggression of Russia on the development of their foreign trade. During the study period it is revealed that the export potential of regions of Ukraine losing its position, which, in turn, directly leads to a fall in its GDP. At the same time, there are bright changes in the spatial structure of export of Ukraine, namely the reorientation of the export vector of its regions and the change of markets with the usual new. The statistics today reflect the new reality of foreign trade, which is formed in the regions of Ukraine. There have been changes in the areas of foreign trade policy of regions of Ukraine, namely from the countries-members of the CIS to the EU and other countries of the world. In foreign trade turnover of regions of Ukraine, the share of the countries-EU members has increased in 2015 from 26% to 31,8%. <br>On the background of the general decline of Ukrainian exports, it is revealed that notable falling for 2013-2015 were also imports. Drop import of most goods and services was observed as from Russia from the countries-EU members. The imports of goods decreased exclusively in all regions of Ukraine, and the fall ranged from 1,3% in Poltava to 47,7 % in Donetsk regions. <br>The factors that influenced the decline of foreign economic activity in all regions of Ukraine are researched and analyzed. Due to changes in structural proportions in foreign trade of the regions of Ukraine defined the main problems of development of their economic relations. As a result of the analysis recommendations to overcome the identified problems and regulation of structural imbalances in development of foreign economic activity of Ukrainian regions are proposed.
Authors and Affiliations
Mariya O. Karpyak, Nazariy M. Popadynets
Keywords
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