Implementation Of Economic Policies Research Articles

Technological progress in central and eastern Europe: Digitalization and business innovation leaders and outsiders

Innovation and the associated digitization of the global economy are becoming the foundation of competitiveness and development. This state of affairs affects all regions and countries of the world, especially enterprises, which need to adapt to stay in the market. The situation is particularly challenging in developing countries, whose economic potential is lower than that of developed economies. Addressing this issue, the article presents the results of a study on the degree of digitization and innovation of enterprises in the countries of Central and Eastern Europe (CEE), which are among the group of developing economies. The research included independent assessments of innovation and digitization in these countries, as well as a combined assessment of both processes. It was based on a set of 17 selected indicators characterizing the processes of digitization (9) and innovation (8). The CRITIC method was used to calculate the weights of these indicators, and the TOPSIS method was used to determine the digitization and innovation indices, as well as the final digitization and innovation index. Using the results of this analysis, relationships were determined between the digitization and innovation indices, as well as between the final index (innovation and digitization) and selected economic parameters of the countries under study (CEE). The results show that companies in the studied countries are highly differentiated in terms of their digitization and innovation. The best results in both dimensions were obtained by the Czech Republic and Slovenia, while the weakest were by Latvia and Romania. In terms of business innovation, the Czech Republic and Slovenia are the best performers, while Latvia and Romania are the weakest. On the other hand, Slovenia and the Czech Republic are the leaders in business digitization, while Romania and Bulgaria are the worst performers. The remaining countries fell within the area of average development in these dimensions. The obtained results should be a valuable source of knowledge for assessing the measures taken to date in CEE countries in the field of innovation and digitization. It would also be advisable to use them in the development and implementation of economic policy and the targeting of investment activities in the EU. A major opportunity, especially for improving the innovativeness of CEE countries, could be the Open Innovation concept. Its wider implementation in these countries should improve their performance in this regard.

France, Economic Liberalism, and the Populist Challenge

Abstract This article reviews Contested Liberalization by Jonah Levy. Levy explores the role of politics in slowing the implementation of neoliberal economic policies in France, from the 1980s forward. Levy devotes special attention to the politics and policies of Emmanual Macron. The article examines Levy's argument in the context of the French “dirigiste” tradition and considers Macron's policies and the recent rise of populism in France. It argues that populism has arisen in many advanced countries as they have shifted from industrial to service economies. The rise in working class grievance in the face of low productivity and wage stagnation has proved fertile ground for populist parties.

Analysis of Socio-economic Variables Impacting Poverty Alleviation in Regional Development: A Case Study in Deli Serdang Regency, Indonesia

This study analyzes the impact of macro socio-economic variables on poverty alleviation within the context of regional development in North Sumatra Province from 2019 to 2023. The socio-economic variables examined include economic growth, average years of schooling, life expectancy, and the open unemployment rate. The research employs a panel data regression approach using the Fixed Effect Model, selected based on Chow and Hausman test results, to determine the best model fit. The findings reveal that economic growth, average years of schooling, and life expectancy have significant negative effects on poverty reduction, indicating that improvements in these areas help alleviate poverty. Conversely, the open unemployment rate shows a significant positive effect on poverty levels, suggesting that higher unemployment exacerbates poverty. The model explains 99% of the variation in poverty (R² = 0.990), indicating a high explanatory power. Based on these results, the study recommends the implementation of inclusive economic policies focusing on boosting economic growth, improving educational access, enhancing healthcare systems, and creating job opportunities to effectively reduce poverty. Additionally, further research with broader geographical coverage and more refined methods is necessary to enrich the understanding of poverty determinants in different regional contexts.

Effect of Economic Policies on Income Inequality: A Comparative Study of Switzerland and Bolivia

Purpose: The aim of the study was to examine the effect of economic policies on income inequality: a comparative study of Switzerland and Bolivia. Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: Switzerland, with its advanced economy, implements progressive tax policies, robust social welfare programs, and equitable education systems, contributing to relatively low income inequality. In contrast, Bolivia, a developing nation, faces challenges in reducing income inequality due to less effective economic policies, limited social safety nets, and a larger informal sector. The study underscores that while Switzerland's policies effectively mitigate income disparities, Bolivia's efforts are hindered by structural economic issues and policy limitations. Unique Contribution to Theory, Practice and Policy: The Kuznets curve theory, the human capital theory & the social stratification theory may be used to anchor future studies of climate change on risk management practices in agriculture in Switzerland. From a practical perspective, the study provides actionable insights for improving the design and implementation of economic policies. The study offers several policy recommendations for both developed and developing economies. Policymakers in Switzerland should consider revising tax policies to address the increased burden on higher-income individuals and improve the overall equity of the system.

Legal and Economic Analysis of Fair Use in the Process of Artificial Intelligence Creation in Data-Driven Era

In the era of digitalization, AI-generated content has emerged as a pivotal component within the creative industries, thereby instigating extensive deliberations concerning copyright protection and fair use. This study aims to scrutinize and analyze the equitable use of AI-generated content from both a legal and economic standpoint. This paper does a thorough review of the literature to introduce basic ideas about AI content creation and fair use. It then divides existing research into four separate areas: technical analysis, legal case analysis, economic impact analysis, and policy adaptation research. Despite notable advancements in both technological capabilities and legislative frameworks surrounding AI-generated content, there remains a dearth of comprehensive understanding, particularly with regard to its economic implications and policy implementation. Consequently, this study posits a significant research question on how to strike a balance between the fair usage of AI-generated content and upholding copyright protection in order to foster sustainable development within the creative industries. The findings presented herein offer novel perspectives and insights that can inform future policymaking endeavors as well as academic investigations.

Green growth governance and total factor energy efficiency: Economic growth constraint and policy implementation in OECD countries

This study aims to examine the nature and governance of green growth strategy in OECD countries. As the strategy implies a sustainable relationship between economic growth and energy efficiency, we considered economic, environmental, and policy factors to empirically analyze green total factor energy efficiency (GTFEE) performances for 2001–2020 period. For this purpose, we employed a two-step methodology. In the first step, we estimated GTFEE scores from an undesirable output model by using robust order-m frontier efficiency method. In the second step, we used GTFEE estimates and built a panel data model to investigate the impact of governance and environmental policy factors. The panel data regression results point to several implications. Firstly, market-based environmental stringency policies are found to be effective. Also, economic globalization is found to be effective only in market-based and mix policy cases. The findings indicate the key roles of market-based pricing mechanisms and economic actors for the inclusive governance of green growth. Secondly, economic growth is found to be negatively related with GTFEE which shows the trade-off between economic growth and energy efficiency. Lastly, the analysis by commitment periods of the Kyoto Protocol points to the importance of global consensus on the implementation of green growth strategy.

Implementation of Special Economic Zone Policies in Indonesia (Case study in Sorong Special Economic Zone, Southwest Papua)The Special Economic Zone policy in Indonesia is carried out to accelerate the growth and development of regional economies by estab

Implementation of Special Economic Zone Policies in Indonesia (Case study in Sorong Special Economic Zone, Southwest Papua)The Special Economic Zone policy in Indonesia is carried out to accelerate the growth and development of regional economies by estab

Framing and othering the T20 group in Malaysia: An analysis of news articles from selected mainstream and independent news portals

Malaysian news portals often feature news related to the B40 group as they are considered the socially disadvantaged group. Conversely, the T20 group in Malaysia refers to 20% of the population earning the highest income which serves as the complete opposite of the B40 group. Primarily deemed as a privileged group, this study examines how the T20 group is unfairly framed and othered in the media by drawing upon Gayatri Chakravorty Spivak’s concepts of media framing and othering. The study examines the linguistic elements in selected articles that depict the T20 as “unaffected”, “undeserving”, and “unrealistic”. This negative portrayal is used to justify the implementation of broad economic policies, that exclude the T20 from government subsidy programmes and impose higher taxes on them. This demonstrates the power of language to evoke negative feelings and perceptions about a specific group, including those perceived as privileged in a society.

RETURNING TO SAID AND HIS «ORIENTALISM»

This article examines the impact of Edward Said’s concept of Orientalism on the contemporary geopolitical landscape. The authors argue that while the critique of Orientalism has significantly influenced academic discourse and domestic policies in Western countries, particularly the United States, it has not led to fundamental changes in global geopolitical strategy. The paper focuses on two key aspects: the natural connection between knowledge and power, which cannot be altered by anti-colonial declarations, and the shift of colonial discourse to new regions, specifically non-Western Europe. The authors posit that the strength of a modern state lies in its ability to dynamically bifurcate its image into internal and external faces, presenting different aspects to its society and foreign partners. Using the United States as a case study, the article demonstrates how internal anti-colonial discourse coexists with an unchanging foreign policy strategy of global dominance. The authors criticize the illusions about the possibility of changing the fundamental principles of US foreign policy, which has remained consistent since 1941. The paper emphasizes the continuation of a strategy aimed at fostering global dependence on the West, despite anti-colonial rhetoric. The article explores the complex interplay between domestic movements for social justice and decolonization, and the pragmatic realities of international relations. It argues that the deconstruction of Orientalism, while challenging the legitimacy of historical colonial practices, has not transformed the core geopolitical interests of Western states.The authors contend that the apparent dichotomy between internal anti-colonial discourse and external policy reflects both the complexity and strength of states like the US, where domestic and foreign policies can be shaped by different institutional and ideological forces. The paper also discusses the expansion of the concept of liberal democracy as an export product to regions deemed lacking in popular sovereignty.In conclusion, the article suggests that the critique of Orientalism, despite its academic and cultural impact, has been effectively neutralized in geopolitical practice. This is achieved through a shift in focus to regions not traditionally considered part of the «old» Western colonies, allowing for the implementation of economic partnership policies without the moral self-flagellation associated with charges of Orientalism. The paper ultimately argues that renaming reality does not change its underlying structure, and that the postmodern belief in the power of language to transform geopolitical realities is akin to magical thinking. It concludes that the critique of Orientalism has not fundamentally altered the eternal principles and interests guiding global geopolitical strategies.

The Complex Approach to Environmental and Technological Project Management to Enhance the Sustainability of Industrial Systems

To achieve sustainability, industrial systems need to be modernized to improve resource efficiency while optimizing environmental and social performance. The implementation of environmental and technological projects is a complex management process and requires sufficient innovative potential and serious investments, which not every company can provide. Network integration of companies, providing synergy of resources and potentials, is an effective tool for the development and implementation of innovative technologies that allow achieving optimal resource efficiency indicators. An integrated complex approach to the formation of a cross- industrial system on the principles of network integration and partnerships ensures technological interaction between companies, optimizes the methods and forms of their economic activities, allows integration participants to achieve strategic goals and ensure environmental and social effects for the territory of presence. The sustainability of such a system is expressed in its ability to withstand internal threats and external challenges. Approaches to balancing environmental and technological effects while simultaneously analysing social efficiency have not received sufficient development in scientific research. This article discusses an approach to the selection of environmental-technological projects based on criteria for assessing the sustainability and resilience of industrial systems. The authors’ approach has been tested using two industrial symbioses of advanced socio-economic development territories in the city of Novotroitsk (Orenburg region, Russian Federation). The authors presented calculated indicators of resource efficiency before and after the formation of a cross-sectoral industrial system in order to identify social and environmental effects in Novotroitsk. This approach to the assessment of environmental and technological projects allows to concentrate government support measures on the general priorities of the implementation of regional economic and industrial policies.

Impact of Non-Performing Assets on Financial Health of Banks

The banking sector is a crucial financial service industry that supports development plans by channelling funds for productive purposes, facilitating the flow of funds from surplus to deficit units, and aiding in the implementation of government financial and economic policies. Banks fulfil social objectives through priority sector lending, extensive branch networks, and employment generation. Maintaining asset quality and profitability is essential for the survival and growth of banks. However, a significant challenge faced by the banking sector is the prevalence of Non-Performing Assets (NPAs). The Reserve Bank of India defines an NPA as “an asset, including a leased asset, that ceases to generate income for the bank.” Major causes of NPAs include wilful default, misuse of borrowed funds, and inadequate pre-loan inquiries. As of June 30, 2018, the Gross NPA of Indian banks was ₹10.03 lakh crores, with Public Sector Banks accounting for 88.74% of this total. The top five Public Sector Banks—SBI, PNB, IDBI, BOI, and BOB—make up 46.67% of the Gross NPAs. Private Sector Banks hold 11.26% of the total Gross NPAs, with leading banks being ICICI, AXIS, and HDFC. The primary aim of this paper is to examine the causes and effects of NPAs in the banking sector.

Etika Utilitarianisme Jeremy Bentham Sebagai Basis Posisi Etis Ekonomi Pancasila Di Indonesia

The ethics in the implementation of economic policies emphasize the direction of justice, goodness, as well as knowing what should and should not be done in an economic activity involving all humans within it (Akhsan, 2020). This research aims to explore the issues of ideas and the implementation of Pancasila Economics adopted in the economic life of the Republic of Indonesia. The analysis of Pancasila Economics is based on the principles of utilitarian ethics derived from the thoughts of Jeremy Bentham (1748-1832). The research problem is formulated as how the ethical position of Pancasila Economics in Indonesia is in the analysis of Jeremy Bentham's utilitarian ethics. This study aims to explore the ethical position of Pancasila Economics based on utilitarian ethics principles within the framework of ideas and implementation. The method to achieve these goals and answer the issues is cross-sectional with a qualitative approach. The results of this research indicate a disparity in the ethical position of Pancasila Economics as an idea/concept compared to its implementation in economic policies in Indonesia.

Environmental effects of waste electrical and electronic equipment valorization in burkina faso

The valorization of waste electrical and electronic equipment (WEEE) has become a challenge for countries around the world, especially for developing countries like Burkina Faso. The main objective of this article is to analyze the environmental effects of WEEE valorization in Burkina Faso. To do this, the regime-switching model, developed by Lee (1978), based on the Heckman correction model, was used. The data used was collected from 414 actors in the WEEE sector in the three major cities of Burkina Faso, Ouagadougou, Koudougou, and Bobo Dioulasso. The analysis of the results shows that the methods of WEEE valorization in Burkina Faso pollute the air, soil and water. This pollution results in damages amounting to 242,752,192.6 CFA francs per year, which the sector's actors should include in their investment costs in the form of internalization costs. These costs amount to an average of 560,628.62 CFA francs per year and per actor. The WEEE sector could be improved with the implementation of certain economic policies. These policies include raising awareness among the population on WEEE management, training of stakeholders in the sector on the effective valorization of WEEE and the implementation of strict environmental standards to reduce environmental pollution due to poor WEEE valorization in Burkina Faso.

Državni planovi i republički programi: Prilog razmatranju političke ekonomije jugoslavenskog socijalizma u periodu decentralizacije (1965-1983)

This paper aims to illustrate the constant quest of the leadership of the Socialist Federal Republic of Yugoslavia (SFRY) for an effective economic policy after 1965 and to provide an answer, among other things, to the question of how much the projected economic decentralization due to reform measures contributed to overall socio-political dispersion. Faced with serious financial and economic challenges, the state leadership sought to find a model that would keep them on ideologically defined tracks while also allowing for breadth and integration into global economic currents. In these efforts, the general geopolitical position of Yugoslavia as a country that remained “somewhere in between” by the agreement of major powers after Second World War was reflected, thus best illustrating the historical destiny of the entire Balkan Peninsula, especially the area predominantly inhabited by South Slavs. To explain the topic as a materialized concept and to question it in this way, works of authors who dealt with the political economy of Yugoslavia as both creators and critics were used. Using the example of the implementation of autonomous economic policy by the Bosnian-Herzegovinian political elite during this period, the aim is to open up space for critical thinking about the actual possibilities and roles of the republics, and to try to discern whether they could truly be fully independent in their economic programs. Although Bosnia and Herzegovina experienced economic momentum alongside overall social transformation during this period, the actions of its political leadership did not always encompass all economic flows of the republic through their actions and planning. This is most vividly evidenced by well-known examples of economic manipulation behind which central authorities (so-called “guardians and executors of the revolution”) stood, and which were subsequently abused before and during the disappearance of the common state. In this regard, an overview of the development of the idea of self-management by Yugoslav ideologues is provided, the phases of ideological development are presented, as well as the difficulties faced by the concept itself, and the independent political course of the Bosnian-Herzegovinian political leadership, or the overall socio-political context in which “independence” began to be practiced. Specifically concerning the position of the Bosnian-Herzegovinian political elite towards reforms, a quite interesting detail was noticed. Namely, although a high level of decentralization was achieved through constitutional amendments (1968-1971) and clearly defined separate republican markets, decisions were made differently at the level of the Federation, i.e., in its remaining functions. By outvoting. Taking this into account, a conclusion naturally emerged and set the development of the self-management economic system between the utopian aspirations of ideologues and the realpolitik actions of party and military hawks, which then created significant cracks within the system and favored the emergence of gray areas whose existence partly generated the great economic crisis during the 1980s.

Methodology for Assessing the Quality of the Economic Space of the Region

Introduction. The relevance of the topic is determined by the need for theoretical and methodological justification and practical study of the problem of measuring the quality of the economic space of Russian regions and its influence on the development of the regional economy. The absence of this type of research increases the significance of this work. The purpose of the study is to develop methodological issues for measuring the quality of the regional economic space and substantiate the methodology for its integral assessment. Materials and Methods. The object of the study was Russian regions and their socio-economic state. The authorsʼ methodology is based on system analysis, econometric modeling using indices calculated on panel data for regions, as well as the method of expert surveys. To obtain quantitative estimates of the economic space based on Rosstat data, an information base was created for 85 regions of the Russian Federation, covering the period from 2007 to 2021. A typology of Russian regions has been carried out according to the level of the integral indicator of the quality of the economic space. Results. An original methodological approach is proposed, based on a systemic assessment of the total influence of a set of factors on the quality of the regional economic space. Within the framework of this approach, a methodology for measuring the quality of the economic space of a region has been developed and tested. Regions were grouped according to the level of the economic space; based on econometric modeling and empirical data, the influence of the economic space on the gross regional product per capita of Russian territories was established. Discussion and Conclusion. It is proposed to carry out a relative assessment of the quality of the economic space using a system of indicators grouped into three blocks: “input”, “process”, “output”. Such a structure of indicators is capable of systematically reflecting the strengths and weaknesses of a particular region, the sources of regional spatial dynamics, and therefore can be used for an integral assessment of the level of development of territories. The results of the study can be used in the development and implementation of regional economic policy, and will also be useful to specialists and government officials involved in the development of strategic directions for improving the territorial structure of the Russian Federation.

Foreign Direct Investment, Export and Economic Growth: An Evidence from Nepal

The aim of this paper is to analyze and evaluate the present status of foreign direct investment (FDI) in Nepal concentrating economic growth and export boost. Developing nations like Nepal derive significant advantages from foreign investment, fostering economic advancement through the attraction of external capital, entrepreneurial skills, expanding market spaces, and technology transfer. Nepal has witnessed an upsurge in FDI since the 1990s, primarily attributable to the implementation of liberal economic policies by the government. The enactment of the Foreign Investment Technology Transfer Act (FITTA) has further sustained the investment environment in Nepal. This paper analyzes and evaluates the role of FDI in driving Nepal's economic growth and export activities. Employing correlation analysis and an ordinary linear regression model, the impact of FDI on Gross Domestic Product (GDP) and exports is measured. Given the documented FDI inflows since the 1990s, this research concentrates on the period from 2010/11 to 2022/23 to measure FDI's impact. The findings of this investigation reveal a positive correlation between FDI, GDP and the country's export growth.

Does government spending cointegrate with bank lending? Evidence from Eurozone panel data

PurposeOur purpose is the examination of the effects of fiscal policy on private lending for the Eurozone countries. The emphasis is on the identification of the time path of government spending and bank lending.Design/methodology/approachFiscal policy is a main factor of macroeconomic stability for the euro area economy. This paper, investigates the impact of government spending on bank lending. For this reason, we present a dynamic theoretical model with a perfectly competitive banking sector, estimated using panel cointegration for the Eurozone countries from 2000Q1 to 2022Q2.FindingsOur findings highlight that, in the long run, consistent management of government spending can have a beneficial multiplicative impact on bank lending for housing and business reasons. This finding is stronger in magnitude for business versus housing lending. The high level of homogeneity of our results across Eurozone countries has positive implications for a common fiscal policy in the future. Finally, authorities should know that policy adjustments are quicker in housing lending when compared to business lending.Originality/valueIn this paper, we contribute to the existing literature, concentrating on the investigation of any existence of long-run and short-run relationships between government spending and bank lending. Additionally, our analysis allows one to investigate the contribution of each Eurozone member state in the short-run and long-run model’s dynamics, providing significant outcomes for the implementation of economic policy and the need for fiscal discipline in the Eurozone.

ИССЛЕДОВАНИЕ ВЛИЯНИЯ ГЛОБАЛЬНЫХ ЭКОНОМИЧЕСКИХ ТЕНДЕНЦИЙ И ГЕОПОЛИТИЧЕСКИХ СДВИГОВ НА ФОРМИРОВАНИЕ РЕГИОНАЛЬНОЙ ЭКОНОМИЧЕСКОЙ ПОЛИТИКИ

The purpose of the article is to investigate the processes of influence of global economic trends and geopolitical shifts on the formation and implementation of regional economic policy. Discussion: theoretical research and practical aspects of research, identification and justification of directions for the formation and implementation of effective regional economic policy are very complex and contradictory, which confirms the importance and significance of the issue under consideration. Results: the article attempts to study the processes, trends and geopolitical shifts that have a significant impact on the effectiveness of regional economic policy, as well as analyze specific areas that should be formed to achieve strategic goals. The relevance of this article is determined by the fact that in order to form an effective economic policy in the regions, taking into account the ongoing global economic trends and geopolitical shifts, it is necessary to analyze and monitor processes, as well as identify deviations and possible weaknesses that require additional research at the meso level. This article serves as a starting point for a deeper understanding of the vectors of implementation of regional economic policy in the Russian Federation. Analyzing the ongoing processes and ongoing reforms, the degree of their impact on macro and meso-economic indicators and processes taking place in the external environment, the author makes a modest contribution to the scientific discourse on regional economic development. The scientific approach, combined with data and digital support from reputable sources, emphasize the importance of implemented strategies, taking into account the specifics of the region, to solve problems and use the existing potential and the transforming economic landscape. Thus, the study of the impact of global economic trends and geopolitical shifts on the formation of regional economic policy remains at the forefront of the regional economic agenda of the state.

From hands off to hands on: the evolution of Bahrain's industrial policy during the 21st century

PurposeThis paper aims to address two fundamental questions: (1) How has Bahrain's industrial policy evolved during the 21st century? and (2) what factors contribute to this evolution?Design/methodology/approachUtilizing secondary data, this paper identifies key decision-makers responsible for economic policy in Bahrain and delineates the evolution of Bahrain's industrial policy throughout the 21st century. Subsequently, it employs a series of interviews with elite civil servants engaged in the formulation and implementation of Bahrain's economic policies to understand the reasons behind the observed changes.FindingsSince assuming the role of Crown Prince in 1999, Sh. Salman bin Hamad Al Khalifa has been the key economic decision-maker in Bahrain. During the 21st century, Bahrain has shifted away from decisions closely aligned with the Washington Consensus towards those more in line with classical industrial policy. Interviews reveal that the private sector's underperformance in job creation, coupled with fiscal pressures, has driven this departure from the Washington Consensus. Moreover, the early successes of the interventionist Saudi Vision 2030 and Bahrain's own success in technocratically managing the COVID-19 pandemic have accelerated this transition.Practical implicationsInsights into the determinants of Bahrain's industrial policy can guide policymakers in refining future strategies. Recognizing the positive role of intellectual developments in academic economics literature becomes crucial for informed decision-making.Originality/valueThis paper fills a gap in the existing literature by providing answers to its research questions, particularly considering the significant changes witnessed in Bahrain's industrial policy post-pandemic.

Business development in Ukraine with the support of employers' organizations and their associations

Introduction. In developing countries, state support for the development of entrepreneurship is of crucial importance, at the same time, civil society organizations play an important role in achieving business success of micro-entrepreneurs by providing various services, consultations, defending the interests of the business community in interaction with the authorities. Non-governmental business support organizations contribute to the development not only of their members, because by providing business support and acting on behalf of the business community to improve the conditions for conducting economic activity, such organizations as a result ensure the development of the country's economy as a whole. The purpose of the paper is to analyze the possibilities of employers' organizations and their associations in promoting business development in Ukraine. Results. Employers' organizations and their associations play an important role in the formation and implementation of state economic policy, regulation of labor, social, and economic relations. The activities of employers' organizations contribute to the establishment of effective cooperation between the business community and the authorities, including through the participation of such organizations in social dialogue. Today, the largest association of employers' organizations of Ukraine - the Federation of Employers of Ukraine takes an active part in the processes of liberalization of business conditions and implements effective support for business development, including through: lobbying business interests in the state authorities of Ukraine (local and central); support at the legislative level of various business initiatives of employers; providing opportunities for legislative and business intelligence; establishment of cooperation with foreign partners; attracting business to a wide range of events, meetings and conferences at various levels - local, national and international. The Employers' Federation of Ukraine, being a full member of the International Organization of Employers, actively promotes the interests of its members also in the international arena, in particular, regarding trade and access to foreign markets, including through participation in trade forums. Conclusions. Employers' organizations and their associations are today's important business associations that have the right to conduct collective bargaining at a certain national, sectoral, and territorial level on behalf of their members. As independent institutions, employers' organizations can influence public policy, thanks to their involvement in the processes of public policy discussion, monitoring of legislative initiatives and cooperation with the government sector. Such organizations provide specialized business resources, including professional advice and services, to assist with current issues of running and supporting business development.