This article presents a system for evaluating the state of financial globalization in a given country. It identifies the contemporary distinctive features of globalization in the area of finance. It also systematizes available globalization indicators at all levels of the financial system. It collects and analyzes statistical data with regard to key financial globalization indicators for Ukraine and Russia as countries that will soon become members of the World Trade Organization. Based on this analysis, the article provides an overview of the contemporary distinctive features of the financial sector in these counties in the context of globalization.
The article is devoted to the study of the efficiency of Ukraine’s stock market based on the efficient market hypothesis (EMH) which assumes that the price of a financial instrument completely reflects all the information about a given asset. Depending on the variety of information, weak, semi-strong and strong forms of market efficiency are applied The testing of market efficiency is based on verifying the hypothesis against actual statistical data. The study uses four statistical methods. The values of the stock index are used as source data, since the index can be interpreted as a hypothetical security (share), the price of which fluctuates all the time. This article demonstrates that Ukraine’s stock market on the whole is a weak form of market efficiency. It explains the specific strategies for a market with a weak form of efficiency and offers recommendations on the continued development of Ukraine’s stock market.
This article examines the promotion of technological exports in the context of making products competitive on the world market at the expense of quantified but not qualified factors. The author describes the destructive consequences of primary export growth. Relying on a designed structural model, she analyzes factors pertaining to technological exports and industrial production, and also evaluates the effectiveness of promoting exports for economic growth. She demonstrates the negative effect of the devaluation of the hryvnia on industrial production growth and the currency’s neutrality as a factor in the promotion of technological exports. The article establishes that technological exports determine to a considerable extent the dynamics of Ukraine’s economic growth, while the exports of raw materials worsen these indicators. The author shows that the export of metal products stands in the way of increasing technological export, and offers her recommendations to improve the dynamics of economic growth.
The article examines the conceptual evolution and development of the international competitiveness of national regions. It systematizes and describes the main theories of regional competitiveness. By identifying key factors in local dynamics, the author singles out three stages of the theoretical principles of the international competitiveness of regions and their perspectives.
This article examines existing techniques and proposes its own for analyzing the attractiveness of international commodity markets in light of the globalization of world economic processes. Taking into account the supranational nature of the world economic environment when examining categories in the attractiveness of international commodity markets, the author introduces a multilevel system of indicators: market attractiveness at the mega-level – global level; market attractiveness at the macro-level national level; market attractiveness at the mezo-level – level of an individual sector. The attractiveness of international commodity markets is considered to be the degree of conformity between market environment factors and the mega-, macro- and mezo-levels of the economic interests of enterprises concerning the entry into and strategies for their activity on the international commodity markets in the short-, medium- and long-term. The author designs a stage-by-stage technique for strategically analyzing the attractiveness of international commodity markets in order to frame efficient market strategies of enterprises. Relying on the proposed techniques, she rates the integrated indicators of market accessibility and the possibility of realizing the economic interests of enterprises in target markets, bringing the index data into a matrix of «market accessibility – opportunity for realizing the economic interests of enterprises.» The analysis of a country’s position in the matrix makes it possible to frame efficient market strategies for enterprises.
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