Prospects of Ukraine’s foreign economic policy concerning Latin America

Author:

Poklonskyi Andrii1ORCID,Poklonska Olena2ORCID,Klymchuk Mykhailo3ORCID,Slobodianiuk Borys4ORCID,Torlo Olena5ORCID

Affiliation:

1. Private Law at the University of Modern Knowledge

2. University of Modern Knowledge

3. Organization of Investigation of Crimes Committed in the Temporarily Occupied Territories of Ukraine

4. Judge of the Sarny District Court of Rivne Region

5. Lviv State University of Internal Affairs

Abstract

The objective of the research was to analyze the perspectives of Ukraine's foreign economic policy with respect to Latin America. An overview of the economic and political situation in Latin America is characterized by intensification of inflation in the region, reduction of exports and foreign investment, erosion of the level of business and consumer confidence. She used the following research methods: methods of analysis and synthesis, systematic approach, methods of induction and deduction, generalization, and systematization, economic, etc. Defined strategic orientations have been identified to improve foreign economic cooperation between Ukraine and Latin America to seek new foreign markets and increase foreign trade, such as: opening representative offices of Ukrainian companies in Latin America; active participation of Ukrainian companies in trade fair and exhibition events taking place in the countries of the region; establishment of bilateral industrial cooperation in the territory of MERCOSUR member countries. It concludes on the need to develop a long-term strategy to activate trade and economic cooperation between Ukraine and the countries of the Latin American region with the identification and justification of sectoral priorities.

Publisher

Universidad del Zulia

Subject

General Economics, Econometrics and Finance

Reference27 articles.

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2. ARBELÁEZ-CAMPILLO, Diego Felipe; DUDAREVA, Marianna Andreyevna; ROJAS-BAHAMÓN, Magda Julissa. 2019. “Las pandemias como factor perturbador del orden geopolítico en el mundo globalizado” In: Cuestiones Políticas. Vol. 36, No. 63 (julio-diciembre), pp. 134-150.

3. FINOL ROMERO, Lorayne. 2021. “Transparencia y Gobernanza en la Gestión de la Crisis de COVID-19” In: Cuestiones Políticas. Vol. 39, No. 68, pp. 23-50. Available online. In: DOI: https://doi.org/10.46398/cuestpol.3968.01. Consultation date: 23/02/2021

4. FOREIGN ECONOMIC COOPERATION OF UKRAINE: STATE, DEVELOPMENT PROSPECTS, THREATS AND RISKS. 2014. Available online. In: https://bintel.org.ua/nash_archiv/arxiv-regioni/arxiv-ukra%D1%97na/vneshekonom/ Consultation date: 23/04/2021.

5. GUTOROVA, Olena. 2017. Management of the organization: textbook manual. Kharkiv. Ukraine.

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