International entrepreneurship as a factor of Ukrainian territorial communities’ success
Title: |
International entrepreneurship as a factor of Ukrainian territorial communities’ success |
Authors: |
Panukhnyk, Olena |
Affiliation: |
Ternopil Ivan Puluj National Technical University 56 Ruska str., 46001, Ternopil, Ukraine |
Bibliographic description (International): |
Panukhnyk, O. & Yanchynskyi, R. (2024) International entrepreneurship as a factor of Ukrainian territorial communities’ success. Socio-Economic Problems and the State (electronic journal), Vol. 30, no. 1, pp. 131-139. URL: http://sepd.tntu.edu.ua/images/stories/pdf/2024/24povthu.pdf |
Journal/Collection: |
Scientific Journal "Socio-Economic Problems and the State" |
Issue: |
1(30) |
Issue Date: |
Jun-2024 |
Submitted date: |
May-2024 |
Date of entry: |
29-Jul-2024 |
Publisher: |
Ternopil Ivan Puluj National Technical University |
Country (code): |
UA |
Place of the edition/event: |
Ternopil |
ORCID Id: |
https://orcid.org/0000-0001-7381-6885 |
DOI: |
https://doi.org/10.33108/sepd2024.01.131 |
UDC: |
334.012.32:339.92:332.14:334.722 |
JEL: |
M21 |
Keywords: |
business |
Number of pages:
|
9 |
Page range: |
131-139 |
Start page: |
131 |
End page: |
139 |
Abstract: |
The article examines the significant role of the definition of “international entrepreneurship” as an element of the successful development of territorial communities in Ukraine. The modern trends of the flourishing of business on the international arena, its significant importance in the economic development of the country’s regions and communities, are highlighted, as well as the impact of globalization on the progress of local economies and the exit of domestic entrepreneurs to the foreign market. The article shows that the activation of international entrepreneurship contributes to the socio-economic progress of territorial communities of Ukraine, the creation of new jobs, an increase in the level of education of the population, modern professional training of local residents, an increase in people's incomes, the development of infrastructure, an increase in the investment attractiveness of communities and the integration of the Ukrainian economy into world processes. Key obstacles to the progress of international entrepreneurship are described, including legal and economic difficulties, insufficient state support, limited access to financial resources, high turnover of the labor part of the population, corruption processes, low level of international cooperation, lack of mechanisms for protecting invested funds. Along with this, the article provides specific measures to stimulate international entrepreneurship - mechanisms for supporting local entrepreneurs, creating favorable conditions for attracting foreign investment, simplifying regulatory mechanisms, improving entrepreneurial culture and skills, developing infrastructure, and using modern technologies. It is important to determine the main priorities for the development of territorial communities and international entrepreneurship thanks to the rational use of labor, financial and other resources. The cause-and-effect nature of socio-economic transformations in modern conditions is presented, and the importance of the integration of the Ukrainian economy into global processes is also emphasized. |
Sponsorship: |
The authors received no direct funding for this research. |
URI: |
http://elartu.tntu.edu.ua/handle/lib/46166 |
ISSN: |
2223-3822 |
Copyright owner: |
Scientific Journal "Socio-Economic Problems and the State" |
URL for reference material: |
http://sepd.tntu.edu.ua/images/stories/pdf/2024/24povthu.pdf |
References (International): |
1. Kolodiichuk, A. V. and oth. (2022), Mizhnarodne pidpryiemnytstvo [International entrepreneurship] : pidruchnyk. Lviv, 191. |
Content type: |
Article |
Appears in Collections: |
Scientific Journal "Socio-Economic Problems and the State", Vol.29, No.2 |