THE EXPORT DETERMINANT OF SOCIO-ECONOMIC RESILIENCE IN FOREIGN ECONOMIC ACTIVITY

Authors : Serhii BURLUTSKYI, Svitlana BURLUTSKA, Tamara BEREZIANKO

Pages : 413-420

Doi:10.15637/jlecon.6.025

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Publication Date : 2019-10-30

Article Type : Research Paper

Abstract :An undoubted advantage of the diversified economies is their less sensitivity to dynamics fluctuations of local sectors and shock destructions. A downturn in one industry can be compensated by growth in another. Formed in Soviet times significant industrial potential of Ukraine was not possible to implement only in the national economy. A significant part of Ukrainian manufacturing and extractive industries products was consumed by foreign consumers. Formed absolute and relative advantage in international trade ensured the enrichment of a limited set of stakeholders and have become the drivers of system economic crisis and the loss of Ukraine`s ability to adsorb insert ignore into journalissuearticles values(to leap back); shock disturbance. The results of the analysis indicate the negative impact of resources specificity on the Ukraine`s ability to ensure sustainable development. Proved the validity of conclusions about the negative effects of high exports concentration insert ignore into journalissuearticles values(low commodity diversification); on the economy`s response from shock disturbances
Keywords : export determinant, socio economic resilience, concentration, diversification, structural shifts