Disproportionality of Ukraine's Participation in International Business: Rethinking under Conditions of the New Stage of Global Development

Abstract

The article is devoted to identifying the peculiarities of Ukraine's participation in international business and determining the prospects of strengthening the country's position under conditions of the new stage of global development. It is established that Ukraine's international trade activity's dynamics and trends coincide with world trade trends. However, its share in global exports remains negligible (less than 0.25%). On the world market, the country is traditionally positioned as resource-oriented, steadily increasing the volume of resources exports, including agricultural products. Instead, the dynamics of the Ukrainian economy transnationalization is low and does not coincide with the high rate of this process development at the world and developed countries level. Transnational companies also perceive Ukraine as a country with a strong resource base and a large internal market. The scientific novelty of the study is the identification of the level of Ukraine's integration into the system of international economic relations and argumentation of the reasons and results of disproportional participation of the country in international business at all stages of its development.