Year: 2022 | Month: September | Volume 67 | Issue 4
Tools for the Country’s Export Potential Development
Almazbek Dooranov
Aysalkyn Asanova
Zhyldyzkan Zhumaliyeva
Olha Pyroh
Nataliia Kolinko
Nataliia Duliaba
DOI:10.46852/0424-2513.4.2022.23
Abstract:
In the context of accelerating globalization and integration trends in the world economic system, countries must try to form advantageous positions in the international division of labour. This can be realized by optimizing the sphere of foreign economic activity of the state. The article’s purpose is to substantiate the areas of improvement of strategic tools to develop the country’s export potential. The authors analyzed the theoretical and methodological basis, namely the essence of the country’s export potential and its structural elements of the export potential. The authors examined the structure of exports of Kyrgyzstan and Ukraine in 2020, highlighted their standard features, and shortcomings and explained why the specialization of exports is not optimal. The authors found that a systematic approach to developing a country’s development strategy requires a specific sequence in the implementation of this process and proposed an algorithm for implementing the concept of developing the country’s export potential, and also proposed calculating a comprehensive indicator of export potential, a more detailed description of which will be presented in further studies.
Highlights
- In the challenging conditions of the global financial and economic crisis, exports will remain one of the essential priorities in the development of the national economy of the state, being the primary source of foreign exchange earnings in the country, which implies the development and implementation of measures by the state to stimulate exporters.
- A promising direction is the detailed development of the calculation of a comprehensive indicator of the country’s export potential.
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