Infrastructural support for the foreign economic activities management of enterprises of the Ukrainian woodworking industry

Keywords: globalization, European integration, international economic partnership, international management, international economics, management of foreign economic activity, export potential, export strategy, customs regime, market of furniture and wood products, woodworking industry, national economy, cluster structure, digital technologies

Abstract

Effective foreign economic activity contributes to the reproduction of the country's export potential, increasing the competitiveness of Ukrainian products of the woodworking sector on world markets, forming a rational structure of export and import, attracting foreign investments on mutually beneficial terms, ensuring the economic security of Ukraine.
The article examines the peculiarities of the realization of the export potential of Ukraine on the world market of furniture and wood products. An analytical assessment of the current state and competitiveness of Ukrainian woodworking products on foreign markets was carried out. On the basis of statistical analysis, the trends of Ukraine's export potential in the wood industry were revealed. An analysis of the international wood market and export prospects for Ukraine was performed. Strategic directions for improving the efficiency of Ukrainian wood exports have been determined.
The need for the formation of proper infrastructural support for the management of the foreign economic activities of woodworking industry enterprises based on the creation of a cluster structure as a form of cooperation between authorities, institutions of critical infrastructure (transport, logistics, innovation, information, industry, etc.), institutions and organizations of the business, scientific and educational environment is substantiated.
The practical significance of the obtained research results is that substantiated scientific and methodological provisions and recommendations can be used in the development of export strategies and mechanisms for their implementation by enterprises and various categories of stakeholders – participants in foreign economic activity, which would correspond to the modern conditions of their management, as well as in the finalization of the Strategy recovery and resilience of the national economy.

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Author Biographies

Iryna Hubarieva , Research Centre for Industrial Problems of Development of NAS of Ukraine

Doctor of Sciences (Economics), Professor, Deputy Director

Nataliia Trushkina , Research Center for Industrial Problems of Development of the NAS of Ukraine

Ph.D. (Economics), Senior Researcher, Doctoral Candidate

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Published
2024-03-28
How to Cite
Hubarieva , I., & Trushkina , N. (2024). Infrastructural support for the foreign economic activities management of enterprises of the Ukrainian woodworking industry . Financial and Credit Systems: Prospects for Development, 1(12), 37-51. https://doi.org/10.26565/2786-4995-2024-1-04
Section
Modern macroeconomic trends and tendencies