ECONOMIC RISKS OF THE INTERNATIONAL COMPETITIVENESS

Abstract

The current conditions of the international trade and the economic globalization necessitated the development of the national economies prior sectors in order to improve their competitiveness. One of such sectors of the Ukrainian economy is the agricultural one, being the key component of the ensuring food security and export capacity improving. Nevertheless, access to world markets is associated with global instability and structural changes of the capital, which is displayed in the rise of threats and risks that determine the state of economic security of the state and its commodity producers. In order to identify economic risks and define the areas of prevention, reduction and elimination, the following methodological set of instruments, including implementation of economic and statistical, analogue, comparative, abstract-logical, and administrative methods of assessment is to be applied.

According to the findings of the research, the possibilitiy to strengthen competitive position of Ukrainian commodity producers on both, domestic and foreign, markets can be asserted, which, in its turn, defines the key objectives of the national economic policy. Still the risks, entailed by imperfect legislation, low adaptability and poor quality of production, insufficient resource and innovative potential, and price fluctuations affect international competitiveness. The raw materials sector of Ukrainian export, mostly represented with grain crops and oilseeds, wood, and ferrous metals, is of the special importance. Therefore, high value added products manufacturing and export are impeded, which constitute a menace to competitive efficiency and sustainable development of the economy of Ukraine.