Abstract
The article analyzes scientific achievements, research results of the exploring the optimal trajectory of economic development in the conditions of significant financial and trade openness that had been done at the Department of International Economic Analysis and Finance, Ivan Franko National University. The economic strategies related to the export orientation of the countries, formation of optimal structure of production and foreign trade, investment policy and capital accumulation, economic efficiency, energy efficiency and implementation of effective macroeconomic policy in the monetary, currency and fiscal areas, and formation of a high-quality institutional environment are considered/ Key words: international economic analysis; classical paradigms; modern paradigms; international trade; financial globalization; economic development; economic growth; countries of Central and Eastern Europe.
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