Bìznes Inform (Jan 2022)
The Impact of Globalization Processes on the National Economy of Ukraine
Abstract
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.
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