PREREQUISITES FOR SECURING BUSINESS ACTIVITIES IN THE CONDITIONS OF GLOBAL ECONOMIC TURBULENCE
##plugins.themes.bootstrap3.article.main##
##plugins.themes.bootstrap3.article.sidebar##
Abstract
The subject of research is entrepreneurial activity in conditions of global economic turbulence. Methodology. In the course of the study, the following economic research methods were used: content analysis method (when processing scientific sources and reviewing the thematic literature), abstract-logical method (when substantiating the key principles and criteria of entrepreneurial activity in the context of global economic turbulence), statistical observations and economic and statistical calculations (when analysing the indicators of entrepreneurial activity in the context of global economic turbulence), abstract-logical method (when substantiating the conclusions of the study). The objective of the research is to analyse the prerequisites for the development of entrepreneurial activity in conditions of global economic turbulence. Conclusion. A thorough analysis of the prevailing signs of global turbulence was conducted, which revealed a characterisation marked by unpredictability and irregularity. These phenomena manifested themselves within socio-economic systems amid conditions of economic crises (pandemics and military operations). It is emphasised that the processes associated with military operations in Ukraine exhibit a turbulent and cyclical nature, necessitating constant re-evaluation of organisational and management mechanisms that facilitate entrepreneurial activity. It has been determined that contemporary global turbulence engenders not only challenges for the functioning of socio-economic systems and entrepreneurship, but also concomitant drivers of development in conditions of uncertainty and unpredictability. It is emphasised that global turbulence, in conjunction with the challenges it engenders, can form the necessary prerequisites for new and innovative development in the sphere of conducting business activities. The analysis of the development of entrepreneurial activity in conditions of global economic turbulence demonstrated that the dynamics of structural shares of gross added value for the years 2010-2022 evidenced the growing importance of wholesale and retail trade, as well as the repair of motor vehicles and motorcycles in the structure of the formation of the gross added value of Ukraine, which increased by 18.17% during the aforementioned period. It is determined that there have been structural shifts in the formation of gross value added due to an increase in the share of the type of economic activity "wholesale and retail trade; repair of motor vehicles and motorcycles" and a decrease in the share of agriculture, forestry and fisheries, industry, construction, trade, transport, temporary accommodation and catering. The analysis demonstrated that in 2022, the largest specific weight in the structure of the formation of the gross added value of Ukraine was occupied by the following sectors: wholesale and retail trade; repair of motor vehicles and motorcycles (34.47%), industry (30.36%), transport, warehousing, postal and courier activities (7.70%), and agriculture, forestry and fishing (7.65%).
How to Cite
##plugins.themes.bootstrap3.article.details##
entrepreneurship, global economic turbulence, gross value added, ranking, global competitiveness index, globalisation index, ease of doing business index, war, coronavirus pandemic
Alfieri, F. (2016). Politics, economics, and demographics of food sustainability and security. Reference Module of Elsevier Inc. in Food Science. DOI: https://doi.org/10.1016/B978-0-08-100596-5.03435-1
Business relocation: State support and experience of companies (2023). Available at: https://eba.com.ua/relokatsiya-biznesu-derzhavna-pidtrymka-ta-dosvid-kompanij
Doing Business (2020). Ministry of Economy of Ukraine. Available at: https://www.me.gov.ua/Documents/Detail?lang=en-GB&id=7e690db6-302f-48dd-8c28-01cf383c4264&title=DoingBusiness
Doing Business. Ukraine (2021). The World Bank Group, All Rights Reserved. Available at: https://archive.doingbusiness.org/en/data/exploreeconomies/ukraine
Gardner, B. (2013). Global food futures: Feeding the world in 2050. London: Bloomsbury Academic.
Grafton, R. Q., Daugbjerg? C., & Qureshi, M. E. (2015). Towards food security by 2050. Food Security, Vol. 7(2), p. 179–183. DOI: https://doi.org/10.1007/s12571-015-0445-x
Hadzalo, Y. (2023). Domestic agriculture in modern conditions: challenges and ways to overcome them: Report at the session of the General Assembly of the National Academy of Agrarian Sciences of Ukraine.
In two years, Ukraine rose to 32 positions in the global ranking according to the index of social progress, according to the Ministry of Social Policy. Available at: https://www.kmu.gov.ua/news/ukrayina-za-dva-roki-pidnyalas-na-32-poziciyi-v-globalnomu-rejtingu-za-indeksom-socialnogo-progresu-minsocpolitiki
Irtyshcheva, I., Kramarenko, I., & Romanenko, S. (2022). Systematic approaches to ensuring the strategic development of the sports and recreation sector. Baltic Journal of Economic Studies, Vol. 8(4), р. 90–95. DOI: https://doi.org/10.30525/2256-0742/2022-8-4-90-95
Irtyshcheva, I., Pavlenko, O., Boiko, Y., Stehnei, M., Kramarenko, I., Hryshyna, N., & Ishchenko, O. (2022). Еvaluation of efficiency of regional public governance in the context of achieving goals of sustainable development. Management Theory and Studies for Rural Business and Infrastructure Development, Vol. 44(4), р. 497–505. DOI: https://doi.org/10.15544/mts.2022.49
KOF Swiss Economic Institute (2020). Ranking of the countries of the world according to the globalization index. Available at: https://kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html
Meyers, W. H., & Kalaitzandonakes, N. (2015). World Population, Food Growth, and Food Security Challenges. Food Security in an Uncertain World: Frontiers of Economics and Globalization, Vol. 15, p. 161–177.
Ostrovska, N., Popova, L., Pylevych, D., Panchenko, O., Kozlianchenko, O. & Bazilinska, O. (2022). Development of the Financial Services Market in the Conditions of Economic Turbulence. International Journal of Computer Science and Network Security, Vol. 22 (1), p. 509–516. DOI: https://doi.org/10.22937/IJCSNS.2022.22.1.66
Parkhomenko, N. O. (2020). The influence of trends in the development of the global environment on the activity of business systems. Bulletin of the KhNU named after V.N. Karazin. Series «International relations. Economy. Local history. Tourism», Vol. 12, р. 59–68.
Pivovar, P. V., & Makarenko, O. M. (2022). Doing business index as an indicator of business development in Ukraine. Economy and the state, Vol. 4, р. 76–83.
Popadynets, N., Irtyshcheva, I., Yakhno, T., Diugowanets, O., Yakubiv, V., Kramarenko, I., Sala, D., Stehnei, M., Zapukhlyak, V., & Nahirna, N. (2024). Evaluating the capacity of the domestic food market in ukraine in the pre-war period. Management Theory and Studies for Rural Business and Infrastructure Development, Vol. 46(1), р. 93–103. DOI: https://doi.org/10.15544/mts.2024.10
Shust, O. A., Varchenko, O. M., & Krysanov, D. F. (2022). Stability of the food complex of Ukraine in conditions of increased economic turbulence. Food resources, Vol. 10, no. 18, р. 287–301. DOI: https://doi.org/10.31073/foodresources2022-18-28,
State Statistics Service of Ukraine (2010-2022). Available at: https://www.ukrstat.gov.ua
The World Bank will no longer publish the Doing Business rating (2021). Available at: https://www.epravda.com.ua/news/2021/09/16/677899/
Van Bavel, J. (2013). The world population explosion: causes, backgrounds and projections for the future. Facts, views & vision in ObGyn, Vol. 5(4), p. 281–291.
Vasylieva, N., & James, H. (2021). The effect of urbanization on food security and agricultural sustainability. Economics and Sociology, Vol. 14(1), р. 76–88. DOI: https://doi.org/10.14254/2071-789X.2021/14-1/5
World Competitiveness Ranking. (2024). Available at: https://bit.ly/3I62I2k
This work is licensed under a Creative Commons Attribution 4.0 International License.