The Journal of International Economic Policy

16

Authors: Zoryana Lutsyshyn, Nataliia Reznikova

The article examines the nature of a currency war as signs of neoprotectionism in terms of global challenges the global monetary system which came in yet another transformation period has faced. We analyze a mechanism of performance of competitive devaluations as a tool for improving the competitiveness of national economies. It is given the author's interpretation of the financial instruments of neo-protectionism thorough a thorough study of the latter.

21

Authors: Andriy Goncharuk, Iryna Troyan

The article is devoted to the substantiation of trade and economic priorities of Ukraine’s integration into the Black Sea Economic Cooperation (BSEC). The country’s integration options have been analyzed including the Western European vs. pro-Russian integration vector, the bidirectional gravity model, and an alte — native subregional cooperation direction. Ukraine’s sectoral priorities for deepening economic cooperation with the BSEC member countries in the context of implementation of the national interests have been identified, in particular in the field of goods, transport and tourism services, and energy trading. The ways of and instruments for improving Ukraine’s trade activities within the framework of the Black Sea Economic Cooperation have been offered for the various working groups of the Organization that are focused on such areas of cooperation as macroeconomics, policy and law, finance and economics, science and technology, culture and society, infrastructure, and institutional renewal.

23

Authors: Tamara Gordeeva

This article studies the latest trends observed in the area of contradictory relations between countries with regard to international trade, which cause changes in the paradigm of international trade disputes. It has been found out that any state of inconsistent relations between the countries is recently characterized as a «trade war». It has been analyzed the notions of «dispute», «conflict», «war» according to international regulatory documents and determined the applicability of these terms depending on a number of criteria. It has been studied the evolution of the objects of international trade disputes since the time of ancient Greece until today, and new trends based on this have been revealed with regard to use of trade policy instruments that cause disputes between countries. Several specific examples of international trade disputes and causes of their occurrence have been considered. A quantitative analysis of international trade disputes in general and in relations between the leading countries in terms of a number of the trade disputes in which they were involved has been performed.

14

Authors: Anton Filipenko

This article analyzes the methodological discourse of international economic policy (IEP), which is considered, on the one hand, in the context of structural levels, and, on the other hand, from the perspective of international (global) political economy. In particular, distinctive features of using the philosophical, general science, specific science and applied methodology in the study of global economic problems, in creating the principles, forms, mechanisms and tools of international economic policy are clarified. The philosophical methodology is used to determine meaningful ontology of IEP, its epistemological dimensions are linked to the basic types of scientific rationality, its epistemological structure is directly based on the international (global) political economy. The full range of relationships that operate in the global economy between countries, regions, individuals and legal entities in the production, distribution, exchange and consumption of goods and services is reflected in the international political economy. Presence of several leading scientific schools makes it possible to outline the different aspects of a complicated methodological structure of IEP. However, none of the concepts has yet acquired the paradigmatic status in the international political economy.

18

Authors: Yaroslava Stolyarchuk, Andrii Svetlov

The article provides efficiency assessment regarding existing mechanisms of the U.S. national interests’ implementation at the global level in terms of international competition aggravation and formation of the new global economic competition centers. Based on comparative analysis of the leverage for U.S. leadership in global competition it has been proven that currently the highest efficiency is demonstrated by the integration strategies of the USA in Latin America focused on maximizing implementation of the economic interests of U.S. transnational corporations in the region. It has been proven that the observed profound asymmetries regarding socio-economic development of the North and Latin America countries objectively requires implementation of the effective institutional mechanisms for leveling the negative effects generated by the trade and investment liberalization processes.

21

Authors: Svitlana Radzievska

The article reviews functioning and development of the European Union (EU) and the Common Economic Space (CES) in the global instability and substantiates the equal significance of Ukraine’s integration with these regional associations in today’s environment. This conclusion is based upon the current state of Ukraine’s trade and economic relations with the countries taking part in these integration associations, and the probability of: 1) the EU’s abstaining from admitting new members until the EU structure improves, or admitting new members while changing the mechanism of interaction within the EU and setting more stringent admission criteria, 2) changes in the terms of trade of Ukraine with the CES member states due to its transformation into the Eurasian Economic Community (EEC).