The Methodological Basics of Foreign Economic Activity

Abstract

Based on the analysis of the scientific array of information, the optimization elements of the system of management of foreign economic activity of enterprises are improved and defined. The authors’ interpretation of the concept of «external economic activity» is presented, where the main criteria are both complex and high-risk foreign trade activities, as well as the resident component of the subject. A comparative characterization of the concepts of «external economic activity» and «external economic relations» is presented. It is proved that the difference between foreign economic relations and foreign economic activity is that foreign economic relations are possible forms of implementing activity in foreign markets, foreign economic relations are practical materialization of forms of foreign economic relations. The classification characteristics of enterprises that plan to carry out foreign economic activities are formulated. The risk of conduct of international commercial operations, including investment activities, is described. Recommendations on the use of licensing and franchising, forming strategic alliances that will ensure the synergy of the company’s strategic resources and create the possibility of risk sharing between partners, are presented.

Keywords

• foreign economic activity
• foreign economic relations
• residency
• synergism
• cooperation