The Journal of International Economic Policy

11

Authors: Volomymyr Vashchenko, Kostyantyn Marchenko

The article touches upon current issues in the development of a WTO-based multilateral trade system and the participation of the broadest possible range of nations in this system, with special attention to the agenda of the Fourth and Fifth Ministerial Conferences of WTO memberstates, progress on negotiations and their current status. Bottlenecks in specific areas of the negotiations that have arisen in the course of the discussions, the positions of groups and individual countries are also identified. The article outlines the possibilities of activating and accelerating efforts towards the completion of the liberalization of world trade as envisaged in the agenda of the Development Round.

23

Authors: Svitlana Sidenko

This article analyzes the views of eminent analysts on the driving forces of and explanations for economic globalization today. It examines the main characteristics of this process, such as the growth of world trade, the increased mobility of financial capital, the growing role of transnational corporations and the development of network technologies and the internet. The author analyzes the positive impact of globalization on the development of productive forces and human development. Problems arising from the growing interdependence of a globalized world, such as environmental issues, security, increased worldwide disparity of socio-economic development of countries and regions, are also examined. In conclusion, the author voices the need for establishing a system of global management.

30

Authors: Anatoliy Poruchnik

This paper uses quantitative and qualitative measurements to assess comprehensive Ukraine's current potential for innovation. It argues that innovation plays a critical role in fostering the country's economic growth under conditions where social products are being intensively reproduced and are raising the country's competitive strength on the international arena. It reveals the peculiarities and major trends of innovation in Ukraine, as well as some yet undeveloped opportunities and presents ways to promote such activities in the context of international scientific and technical cooperation. It emphasises the need to diversify the format of international cooperation via the development of venture business, the creation of techno-cities and techno-parks, the formation of joint venture enterprises, and the execution of scientific projects and programs with certain international partners, primarily Russia and countries of the European Union.