Economic security is an important factor in the economic development of a country. Though it relates to all countries, it plays a key role in relation to emerging economies in particular. Given this fact, the purpose of the study is to analyse the main indicators of Ukraine’s development of foreign economic activity and to formulate the country’s foreign trade partnership strategy in the context of strengthening its economic security. Based on the analysis of the country’s potential in the sphere of foreign trade activity, the foreign trade strategic partnership matrix for Ukraine was formed. This helped to identify the countries with asymmetric interaction and relatively low potential of partnerships, as well
as the most attractive strategic partner countries. The matrix shows that countries such as Hungary, Italy, China, Great Britain, and the Russian Federation are characterised by relatively lower potential for strengthening partnerships with Ukraine, whereas the USA, France, Canada, Austria, Germany, Poland, Slovakia, the Baltic States, Belarus, Georgia and the Czech Republic are among the priority countries in the context of strengthening foreign trade relations. The results achieved have wide practical implications for politicians and decision-makers.
Cited by / Share
Androniceanu, A., Tvaronavičienë, M.(2019), Developing a holistic system for social assistance services based on effective and sustainable partnerships, Administratie si Management Public, 33, 103-118. Doi: 10.24818/am/2019.33-06.
Androniceanu, A., Gherghina, R., Cioba- nasu, M. (2019), The interdependence between fiscal public policies and tax evasion, Administratie si Manage- ment Public, 32, 32-41, DOI: 10.24818/ amp/2019.32-03.
Ankudinov, A., Lebedev, O. (2013), Insti- tutional environment and value of com- panies, World Applied Sciences Journal, 23 (11), 1560-1569.
Armstrong, Sh., Drysdale, P. (2014), Ja- pan’s foreign economic policy strategies and economic performance, Center on Japanese economy and business, Work- ing Paper Series, 340, 1-30.
Armstrong, Sh. (2012), The politics of Ja- pan-China trade and the role of the world trade System, The World Economy, 35(9), 1102-1120. https://doi.org/10.1111/ j.1467-9701.2012.01473.x
Bezkorovajna, V. (2004), Rehuliuvan- nia zovnishn’oekonomichnoi diial’nosti v Ukraini, Naukovi zapysky Ternopil’s’koho derzhavnoho pedahohichnoho univer- sytetu im. V.Hnatiuka, Seriia: Ekonomika, 3, 46-50 (Original work published in Ukrainian).
Bilorus, O. (2004), Hlobalizatsiia i hlo- balizm: paradoksy chy zakonomirnist’ postindustrial’noi tsyvilizatsijnoi evoliut- sii, Ekonomichnyj chasopys XXI, 3, 7-11 (Original work published in Ukrainian).
Bohomolov, O. (2008), Myrovaia ekono- myka v epokhu hlobalyzatsyy, Mezhd- unarodnaia ekonomyka, 4, 8-16 (Original work published in Ukrainian).
Corruption Perceptions Index 2019. Trans- parency International, retrieved from: ht- tps://www.transparency.org/cpi2019 (ac- cessed 22 February 2020).
Deprez, S. (2018), The strategic vision behind Vietnam’s international trade in- tegration, Journal of Current Southeast Asian Affairs, 37(2), 3-38. https://doi.org/ 10.1177/186810341803700201
Doing business (Measuring business reg- ulation). The World Bank, retrieved from: https://www.doingbusiness.org/en/data/ exploreeconomies/ukraine# (accessed 20 February 2020).
Feofilova, T. (2012), Problems of the theory of economic security, problems of the mod- ern economy, Eurasian International Scien- tific and Analytical Journal, 4, 103-106.
Fleychuk, M., Ganski, U., Kutsyk, V., Tsy- bouski ,V. (2019), Foreign economic security strengthening in the context of geopolitical reorientation, Management Theory and Studies for Rural Business and Infrastructure Development, 41(1), 12-24. DOI: https://doi.org/10.15544/ mts.2019.02.
Grigoreva, E., Garifova, L. (2015), The economic security of the state: The in- stitutional aspect, Procedia Economics and Finance, 24, 266 – 273. https://doi. org/10.1016/S2212-5671(15)00658-9
Islam, A.M., Khan, M.A., Popp, J., Sroka, W. Oláh, J. (2020), Financial development and foreign direct investment - the mod- erating role of quality institutions, Sus- tainability, 12(9), 9, 3556. https://www. mdpi.com/2071-1050/12/9/3556/htm
Kendall, M., Gibbons, D. (1990), Rank cor- relation methods (5th ed.), London: Edward Arnold.
Langfield, S., Liu, Z., Ota, T. (2014), Map- ping the UK interbank system, Jour- nal of Banking and Finance, 45, 288-303. https://doi.org/10.1016/j.jbankfin. 2014.03.031
Li, C., Pervaiz, K., Asif Khan, M., Ur Reh- man, F., Oláh, J. (2019), On the asym- metries of sovereign credit rating an- nouncements and financial market development in the European region, Sustainability, 11(23), 6636. https://doi. org/10.3390/su11236636
Long, W. (1992), National security versus national welfare in American foreign eco- nomic policy, Journal of Policy History, 4(3), 272-306. https://doi.org/10.1017/ S0898030600006382
McGuire, M. (1995), Defense economics and international security, Handbook of Defense Economics, 1, 13-43. https:// doi.org/10.1016/S1574-0013(05)80004-3
Oppel’d, L. (2011), Tendentsii rozvytku mizhnarodnoi torhivli Ukrainy v pis- liakryzovyj period, Ekonomika i rehion, 4 (31), 93-98 (Original work published in Ukrainian).
Paianok, M., Zadorozhnia, L. (2014), Rejtyn- hova otsinka Ukrainy v mizhnarodnomu seredovyschi, Finansy Ukrainy, 5, 48-60 (Original work published in Ukrainian).
Ranjan, R., Ngai, W., Ruslan, R. (2013), Development of indicators for sustain- able rice farming in Bangladesh: A case study with participative multi-stakehold- er involvement, World Applied Sciences Journal, 22(5), 672-682.
Shpak, N., Podolchak, N., Karkovska, V., Sroka, W. (2019), The influence of age factors on the reform of the public serv-ice of Ukraine, Central European Journal of Public Policy, 13(2), 1-13. DOI:10.2478/cejpp-2019-0006
Siew, M. (2015), Rethinking economic security in a globalized world, Contem- porary Politics, 21(1), 40-52. https://doi. org/10.1080/13569775.2014.993910
Social Expenditure Database OECD, re- trieved from: http:/www/oecd/org/docu- ment /9/0,3746,en_2649_33_1_1,00. htmb (accessed 20 February 2020).
State statistics Service of Ukraine, re- trieved from: http://ukrstat.gov.ua/opera- tiv/ operativ2019/zd/e_iovt/arh_iovt2019. htm (accessed 14 April 2020).
The coronavirus shock: a story of another global crisis foretold and what policy- makers should be doing about it. United Nations Conference on Trade and De- velopment. UNCTAD, retrieved from: ht- tps://unctad.org/en/PublicationsLibrary/ gds_tdr2019_update_coronavirus.pdf (accessed 14 April 2020).
The Global Competitiveness Report 2019. World Economic Forum, retrieved from: http://www3.weforum.org/docs/ WEF_ TheGlobalCompetitivenessReport2019. pdf (accessed 22 February 2020).
The Inclusive Development Index 2018. World Economic Forum, retrieved from: https://www.weforum.org/reports/the- inclusive-development-index-2018 (ac- cessed 22 February 2020).
Handbook of statistics. 2019. United Na- tions conference on Trade and Develop- ment. UNCTAD, retrieved from: https:// unctad.org/en/PublicationsLibrary/td- stat44_en.pdf (accessed 14 April 2020).
Varnaliy Z., Onishchenko S., Masliy A. (2016), Threat prevention mechanisms of Ukraine’s economic security, Economic Annals - XXI, 159 (5-6),20-24.
World Trade Statistical Review 2019. World Trade Organization, retrieved from: ht- tps://www.wto.org/english/res_e/statis_ e/wts2019_e/wts2019_e.pdf (accessed 20 February 2020).
Yurii, S., Fedosov, V. (2008), Finansy, Ter- nopil: Znannia (Original work published in Ukrainian).
Volodymyr Martyniuk, PhD, is a Professor in the Faculty of Administration and Social Sciences, Higher School of Economics and Innovation. In 2002 he successfully defended his PhD at the National Institute for Strategic Studies under the President of Ukraine on the subject: “Institutional changes in the economy and their impact on indicators of economic security of the State” as part of specialisation in the economic security of the state. In 2012 he defended his Doctoral Thesis at the Ukrainian National Institute for Strategic Studies on the subject: “Development of Customs System in the Context of Ensuring Economic Security of the State” as part of specialisation in the economic security of the state. He is the author of more than 150 scientific works on issues pertaining to ensuring the economic security of the state, macroeconomic equilibrium, development of customs systems, taxation, including two personal monographs and seven textbooks (manuals). Twice, in 2007 and 2011, he received the grant of the President of Ukraine which supports the scientific research of young scientists. In 2010 he was awarded first prize in the fourth M.I. Tugan- Baranovsky All-Ukrainian competition
of scientific works of scientists for his work entitled “Monographic Editions”. In 2011- 2012 he was a Scholar of the Cabinet of Ministers of Ukraine. He is a member of the editorial board of the academic journals “E-Finance” (Poland) and “Economic Analysis” (Ukraine).
Yuliia Muravska, PhD, is an Associate Professor in the Department of Security, Law Enforcement and Financial Investigations of the Faculty of Law at Ternopil National Economic University, Ukraine. She has 13 years of experience in teaching, scientific and grant activities. She earned a PhD degree with the successful defence of her thesis entitled “Thestateregulation ofinternationaltransferof industrialproperty in Ukraine”in 2012. She completed her professional development abroad at the University of Rzeszow (Poland), Jagiellonian University (Krakow, Poland), and Maria Curie-Sklodowska University (Lublin, Poland). Her fields of interest include intellectual property, economic security, industrial espionage, and European integration. She is a member of the NGO “Union of Economists of Ukraine” and the author of two books and more than 50 scientific and professional papers.