DEVELOPMENT OF THE BASIC LEVEL OF THE FINANCIAL SYSTEM OF UKRAINE IN THE GLOBALIZATION CONDITIONS

Abstract

The article deals with the theoretical and practical aspects of the development of economic entities as the basic equal state systems of Ukraine in the context of their global ones. This paper examines the impact of global internationalization of business relations on national activity. The stages of enterprise development in the conditions of globalization transformations are determined and the essence of the concept of "enterprise development" is interpreted. The state of development of business entities by quantitative and qualitative indicators is analyzed. In particular, a numerical assessment of the existing composition of business entities and their dynamics are revealed. Indicators of sales volumes of manufactured products in the context of legal and physical business structures are considered. A vertical analysis of sales of products by type of economic activity in terms of forms of organization. Concentration of the prevailing volume of sales in the hands of enterprises testifies to their strategic importance in the processes of globalization of the Ukrainian economy. The tendency of formation of net financial result by Ukrainian enterprises is presented. The main purpose of functioning of the enterprise in the conditions of globalization is to gain competitive positions, which is a characteristic of the internationalized market. The impact of globalization, as a driving factor in the development of economic entities, is transcending them beyond national borders. Within this framework, the influence of multinational corporations on the level of increasing the functional capacity of domestic business entities is identified. Competing with TNCs and having an imperative presence in the global market, business entities need to take into account the characteristics of both significant and large-scale markets and local (regional) consumer cultures. Globalization trends are forcing manufacturing companies to expand their markets and fully meet the individual needs of consumers. In the context of globalization, the factors that negatively affect the state of development of economic entities have been identified, in particular, modern factors of influence on the structural elements of the financial system of Ukraine have been identified.