The State Regulation as a Factor of the Organizational-Economic Mechanism of Management of the Foreign Economic Activity of Enterprise

Abstract

It is defined that ensuring the sustainable functioning of the organizational-economic mechanism for managing the foreign economic activity (FEA) of an enterprise involves taking into account and evaluating all its structural elements. It is argued that the activation of foreign economic activity of domestic enterprises is impossible without the active participation of the State in creating an effective mechanism for stimulating and regulating foreign economic activity. The main purpose of the article is to study the theoretical and practical aspects of functioning of the State regulation as a factor of the organizational-economic mechanism for managing foreign economic activity of enterprise. The major trends and features of regulation of FEA under martial law are analyzed. The application of the hybrid model of separation of the economy and a number of important regulatory innovations introduced by the Government of Ukraine for the period of martial law are characterized. The study proves that further improvement of the instruments of the State regulation of foreign economic activity remains relevant today in order to reproduce the country’s export potential and increase the competitiveness of Ukrainian goods in world markets. The study analyzes the dynamics of export-import activity indicators for 2021-2022 in Ukraine. It is proved that the resumption of international business activity is possible due to the State regulation of FEA. It is determined that the State regulation of foreign economic activity of an enterprise should consist in creating conditions and promoting the development of its relations with foreign partners. It is determined that the enterprise should take into account the internal factors of influence on the efficiency of economic activity, and the task of the State as an external factor is to provide a perfect legislative framework.

Keywords

• foreign economic activity; organizational and economic management mechanism; the state regulation; indicators of export-import activity.