World Market Economy Research Articles

Theoretical preconditions for the development of accounting in forestry enterprises on the challenges of sustainable development

Purpose. The purpose of the article is the formation of theoretical principles of accounting in forestry enterprises on the challenges of the concept of sustainable development, in terms of defining the directions of improving the information support system of rational forestry for the purpose of preservation, reproduction and use of forest resources at the micro and macro levels of the economy. Results. Based on the results of the study, it is established that to ensure the functioning of domestic forestry enterprises on the principles of sustainable development, a necessary condition is to take into account economic, environmental and social goals in management. For this purpose, the directions of economic operations on forest use (harvesting and processing of forest products, reproduction of forest resources) are identified, which can be used as a basis for clarifying the composition of accounting objects specific to forest enterprises for further development of their organizational and methodological support. It is proved that forest resources and losses caused to the environment due to irrational forest use should be reflected in accounting, which will allow forming information support for forest resources management at the microeconomic level. Scientific novelty. The lack of a developed management mechanism that would ensure the conservation, reproduction and rational use of forest resources leads to the loss of national wealth. The evolution of the modern world market economy necessitates the interaction of society and nature, which is based on the postulates of the theory of sustainable development. For forestry, it is the observance of the balance of economic interests of the subjects of forest relations and the protection of forest resources. The above necessitated the delineation of areas for improving the information system of rational forest use in order to preserve, reproduce and use forest resources at the micro and macro levels of the economy. Practical value. The main results of the study can be used: at the microeconomic level (forestry enterprises) – to develop a management mechanism that would ensure the conservation, reproduction and rational use of forest resources; improvement of the system of information support of rational forest use in terms of development of organizational and methodological support of accounting of objects specific to forestry; at the macroeconomic level – to prevent the loss of a component of the country’s national wealth – forest resources; control over the availability and condition of forest resources, which is a component of economic security of the state.

Legal bases of the state agrarian policy of Ukraine regarding sanitary and phytosanitary measures under martial law

The article is devoted to the study of the legal foundations of the state of the agrarian policy of Ukraine regarding sanitary and phytosanitary measures in the conditions martial law in Ukraine. On the one hand, Ukraine’s membership in the WTO makes it possible agrarian business to gradually integrate into the world market economy, and with the other - puts forward the obligation to the state to implement it in the national one legislation, tools for protecting the interests of the national agrarian producer both in domestic and foreign agricultural markets. To such tools include sanitary and phytosanitary measures. Agreement on sanitary and phytosanitary measures WTO determines that their main purpose application is improvement of human health, animal health and phytosanitary situation in the territory of all members.
 State agricultural policy in the field of sanitary and phytosanitary measures is based on the principles of WTO law, which include the principle of sovereignty (principle of independence) and a system of anti-protectionist principles. At the same time, in modern conditions, the peculiarities of the use of sanitary and of phytosanitary measures regarding objects of regulation during martial law is based on the principles of extraterritoriality, deregulation and priority security of business entities and specialists of the State Production and Consumer Service. The main changes regarding sanitary and phytosanitary measures, which introduced in connection with martial law, tentatively cover three groups measures These are 1) measures aimed at creating favorable conditions for agribusiness for the purpose of uninterrupted production and supply agricultural goods under martial law; 2) targeted measures to create the most safe conditions during the implementation of phytosanitary measures measures and procedures under martial law; 3) measures aimed at implementation of separate phytosanitary procedures in relation to regulated objects, exported under the Safe Transportation Initiative grain and foodstuffs from Ukrainian ports. At the same time, there is a special legal regime in the field of phytosanitary measures calculated for the period of martial law and within 90 days (in separate cases - 6 months, one year) from the date of its termination or cancellation, and c the post-war period should be harmonized with the requirements of the WTO and legislation EU.

Legal bases of the state agrarian policy of Ukraine regarding sanitary and phytosanitary measures under martial law

The article is devoted to the study of the legal foundations of the state of the agrarian policy of Ukraine regarding sanitaryand phytosanitary measures in the conditions martial law in Ukraine. On the one hand, Ukraine’s membership in the WTO makes it possible agrarian business to gradually integrate into the world market economy, and with the other - puts forwardthe obligation to the state to implement it in the national one legislation, tools for protecting the interests of the national agrarian producer both in domestic and foreign agricultural markets. To such tools include sanitary and phytosanitary measures.Agreement on sanitary and phytosanitary measures WTO determines that their main purpose application is improvement of human health, animal health and phytosanitary situation in the territory of all members. State agricultural policy in the field of sanitary and phytosanitary measures is based on the principles of WTO law, which include the principle of sovereignty (principle of independence) and a system of anti-protectionist principles. At the same time, in modern conditions, the peculiarities ofthe use of sanitary and of phytosanitary measures regarding objects of regulation during martial law is based on the principles of extraterritoriality, deregulation and priority security of business entities and specialists of the State Production and Consumer Service.
 The main changes regarding sanitary and phytosanitary measures, which introduced in connection with martial law, tentatively cover three groups measures These are 1) measures aimed at creating favorable conditions for agribusiness for the purpose of uninterrupted production and supply agricultural goods under martial law; 2) targeted measures to create the most safe conditions during the implementation of phytosanitary measures measures and procedures under martial law; 3)measures aimed at implementation of separate phytosanitary procedures in relation to regulated objects, exported under the Safe Transportation Initiative grain and foodstuffs from Ukrainian ports.At the same time, there is a special legal regime in the field of phytosanitary measures calculated for the period of martial law and within 90 days (in separate cases - 6 months, one year) from the date of its termination or cancellation, and c the post-warperiod should be harmonized with the requirements of the WTO and legislation EU.

Research on the Criteria of Successful M&A

With the rapid development of economic globalization and the gradual improvement of the world market economy, M&A activities among enterprises are becoming more and more frequent in order to compete for market shares. As the main path to expand the scale of enterprises, M&A can effectively achieve the goals of expanding business scope, simplifying industrial structure and reducing operating costs for enterprises, which has become the first choice of many enterprises for expansion and development. Nevertheless, due to the unpredictable market environment and internal management uncertainties, the success rate of M&A in the global market has been relatively low so far. Using iterature research and case study method, this paper analyzes three classic M&A cases of LVMH, DIDI and Daimler Benz. From shallow to deep, elaborated the main criteria of successful corporate M&A from three aspects: industrial upgrading, financial integration and human resource management, taking into account the actual situation of globalized economic market development.

Government policies and growth of micro, small and medium enterprises in India

Micro, Small and Medium Enterprises (MSMEs) play a significant role in the development of Indian and world market economies. MSMEs are the larger creator of employment all over the world. In developing countries like India, MSMEs are the agent of social and economic growth of the country and the large employment-producing sector after the agriculture sector. In the field of entrepreneurship policy making is a very complex process. Government policy affects entrepreneurial activity. People’s attitudes toward entrepreneurship, regional development, trade, the nature of the labour force, government interference and prevailing MSMEs are the factors which are affected by government policy. The growth of MSMEs is the responsibility of the government because they helped in poverty alleviation by providing employment to a larger section of the country. This paper is an attempt to evaluate the performance of MSMEs in India and the government policies for the development of MSMEs. This study is based on secondary data collected from various resources such as Reports of the MSME ministry and RBI, journals, books, etc.

‘European bays of hope’: Trans-Mediterranean fatalities and African migration crisis in selected migritude poems

This article discusses the tragic deaths of African migrants on the Mediterranean Sea, especially the 2013 Lampedusa migrant shipwreck where close to 400 African migrants drowned. Apart from the Lampedusa tragedy, other migrant shipwrecks occurred in Malta in 2007 and 2014; Mediterranean in 2009, 2011, and 2015; Libya in 2009, 2014, and 2015; Catania in 2015 as well as Crotone in 2015, leaving thousands of Africans fleeing privation, violence and wars in their respective countries dead. The article uses Everett Lee’s push-pull and Chris Brown’s centre-periphery models to expound the hypothesis that migration from developing countries is primarily induced by their enforced integration into the capitalist world market economy and the dependency roles assigned to their population. It argues that the capitalist world system is skewed to engender inequality among countries of the world, thus creating a dominant, wealthy core and a subservient, impoverished periphery. Using selected poems of established and up-and-coming African poets, it interrogates literary representation of African migrant crisis, the politics of European border control, complicity of family remittances and the role of effete leadership in African migration crisis.

ВИКОРИСТАННЯ ЗАСОБІВ КОМП’ЮТЕРНОГО МОДЕЛЮВАННЯ ЕЛЕКТРИЧНОЇ МЕРЕЖІ ПРИ ВПРОВАДЖЕННІ ЗАХОДІВ З КОМПЕНСАЦІЇ РЕАКТИВНОЇ ПОТУЖНОСТІ

The article identified the place of electricity in the world market economy, noted the growing problem of lack of energy resources. The principles of reliable and uninterrupted power supply to consumers during a certain period of time are determined, the role of external factors on the quality of electricity supply is indicated. The paper notes that the main consumers of electricity are industrial facilities, whose technological processes are characterized by the presence of nonlinear loads, which leads to the emergence of transients that significantly affect the parameters of power supply systems, causing fluctuations in system parameters. In the presence of nonlinear consumers, their operation is able to produce reactive power in the network, which causes the circulation of power between the energy source and its consumers and leads to numerous negative phenomena - increased losses in conductive elements, the need for high power equipment, increasing cable and wire the emergence of harmonic fluctuations, increasing economic losses during operation. The paper reviews a wide range of literature sources devoted to the introduction of means and methods of reactive power compensation, determines the relevance of such studies. It has been proven that the variety of application conditions and the wide range of reactive power compensation devices require the use of modern computer software to study the operation of power systems. A model of the energy system was drawn up, which has the maximum approximation to the real scheme and contains loads of active-inductive nature. Based on the simulation results, graphical dependences were obtained, illustrating the nature of the change in maximum voltage and reactive energy production without and when applying reactive power compensation measures.

The Rise and Fall of merino Sheep Breeding in the South of Ukraine during the Long 19th Century

The paper analyzes factors that were influencing the development of the merino sheep industry to the south of Ukraine during the 19th century. The author seeks to highlight the peculiarities of the formation, specifics and directions of development of the wool business, to clarify the disadvantages and advantages of applying the European experience in local conditions. Much attention is paid to determining the economic importance of this industry in domestic and foreign trade in the development of a world market economy. It is established that Ukrainian merino sheep was extensive, had a marketable character, export orientation and depended entirely on market demands. The emergence of new suppliers of cheap raw materials in European markets has led to falling prices for wool and a reduction in its exports. The author focuses on the directions of merino sheep breeding that have developed in southern Ukraine, their specificity and constant modification to preserve the marketability of wool in the face of global competition. The internal problems of local shepherds were also highlighted, which consisted primarily of uncontrolled cross-breeding, the lack of qualified and experienced workers for evaluation and caring for sheep. Conclusion states about the inability to overcome crisis trends without government support, the introduction of professional training and scientific support for the development of this industry and finding additional sources of income.

Modernization, Political Economy, and Limits to Blue Growth: A Cross‐National, Panel Regression Study (1975–2016)*

AbstractSeafood production and trade have expanded dramatically over the last 40 years and comprise one of the fastest growing, and most environmentally impactful, sub‐sectors of the global food system. While richer nations have increased their seafood consumption and displaced their environmental load, the marine environmental impact of fishery production has largely shifted to the waters of less‐affluent nations. To sustain fishing economies and seafood security, in an era of increasing marine ecological precarity constitutes a major challenge for development and human well‐being in the 21st century. Blue growth perspectives emphasize the transformative power of growth‐oriented development. Such perspectives conflict with critical political economic theories of environment and food systems; notably, the treadmill of production and world food system scholarship. Using annual data from the Global Footprint Network, World Bank, UN FAO, and International Monetary Fund, this study applies methods in cross‐national, panel regression analysis in order to ultimately pose some important challenges to modernist blue growth perspectives. The analysis suggests that economic growth and incorporation into the world market economy have led to unsustainable and inequitable outcomes regarding the marine ecological impact of fisheries.

Struggling against land loss: Environmental (in)justice and the geography of emerging rights

Due to anthropogenic climate change and the ongoing integration of agriculture into the world market economy, access to arable and habitable land has become an urgent issue within current transnational debates on environmental (in)justice. In particular, the emerging calls for ‘food sovereignty’ (FS) and ‘migrate with dignity’ (MWD) show how most vulnerable groups from the Global South, i.e. small-scale farmers and inhabitants of small Pacific islands, respond to deteriorating environments by claiming universal and emancipatory rights ‘from below’. These contestations show that the struggle over land is tied not only to the potential loss of physical resources but also to the struggle over cultural and political sovereignty, as well as to the emergence of post-national forms of citizenship. In drawing on ethnographic fieldwork in Bolivia and Kiribati, where these claims – FS in the former case, MWD in the latter – are currently being negotiated and fought over, this contribution aims to sketch a ‘geography of emerging rights' to make transnational politico-legal responses to environmental injustice visible and understandable. Conceptually, it draws on the assumption that, by now, environmental justice research has paid too little attention to the sphere of 'the legal', and that conversely, legal geography research has been reluctant to analyze dimensions of law and social order within deteriorating environments. This contribution thus discusses analytical entry points from legal geography, legal anthropology, and political theory in order to bring these disciplines into dialogue with empirically grounded research on movements struggling for land and sovereignty.

Foreign trade activity (features of doctrinal and legal support)

Problem setting. The article is devoted to the study of the peculiarities of the legal regulation of foreign trade interms of doctrinal and legislative approaches. The author analyzes the basic concepts of foreign trade policy, identifies itsmain components, as well as describes the tools for regulating foreign trade, including customs tariffs. Analysis of recent research and publications. Both domestic and foreign representatives of legal and economicsciences, such as Bachylo I., Zadykhailo D., Kleshchova S., Karvatska N., Sarkisyan L., Stavytsky L. and others, devotedtheir works to the study of the legal regulation of foreign trade. Article’s main body. Presenting main material. CTD is carried out, as a rule, at the level of enterprises (sometimesthey are natural persons-entrepreneurs). The initial principle of the CTD is a commercial calculation based on economicand financial independence and self-payment. CTD – the sphere of entrepreneurship in the system of international exchangeof goods, services, works, information and results of intellectual activity, related to the preparation and implementationof foreign trade operations and agreements. Cross-border trade and free economic zones are considered as special regimesof the CTD. Each country of the world in the framework of participation in foreign economic relations (both directly and throughnational entities of the CTD) pursues foreign economic policy, including in the field of foreign trade. The foreign economicpolicy of the state is the activity of the state aimed at the development and regulation of economic relations with othercountries. The implementation of foreign economic policy involves defining the strategic goals of the state in foreigneconomic relations in general and with individual countries and groups of countries, as well as developing methods andtools to achieve the goals and preserve the results achieved later. Foreign economic policy is aimed at the whole set offoreign economic activity, the hallmark of which is the international purchase and sale of goods and services, as well asthe international movement of material, monetary, labor and intellectual resources. Foreign economic policy is inextricablylinked with the domestic economic policy of the state. Therefore, its content is due to the tasks of expanded reproduction,which the country solves within its national economy. It can be argued that the main task of the foreign economic policyof the state is to create favorable external economic conditions for expanded reproduction within the country. Within theframework of the general foreign economic policy the state carries out: a) foreign trade policy – is the state regulation of export and import operations; b) export promotion policy – a policy aimed at selling in foreign markets goods for which the country has economicadvantages, stimulating the competitiveness of domestic enterprises with foreign ones, increasing the serial productionof competitive products in order to expand its exports (to foreign markets); c) the policy of regulating the import and export of capital. A characteristic feature of capital movements at the presentstage is the inclusion of an increasing number of countries in the process of export and import of capital. At the same time,most countries of the world market economy simultaneously act as exporters and importers of investments. The influenceof developed countries on the movement of capital is carried out, for example, by stimulating the export-import of capitalat the national and interstate levels; d) monetary policy – aims to maintain economic stability and create a solid foundation for the development ofinternational economic relations by influencing the exchange rate and currency exchange operations; e) customs policy is a set of measures taken to ensure the most effective use of instruments of customs control andregulation of trade in the customs territory, participation in trade and policy tasks to protect the domestic market, stimulatethe national economy; f) free trade policy – a policy of minimal government intervention in foreign trade, which develops on the basis offree market forces of supply and demand. Conclusions and prospects for the development. The formation and implementation of state policy in the studyarea involves the possibility and necessity (not absolute) of state intervention in economic processes in order to create aneffective and efficient system of foreign trade. Fulfillment of this task is possible only under the condition of strategicplanning and conceptualization of the principles of state-administrative influence, which, in fact, is the content and essenceof state economic policy in general and state policy in the field of foreign economic activity in particular. Understanding this issue and further resolving these pressing issues at the doctrinal (hereinafter – legislative) levelswill allow the state to be an active participant in foreign trade relations, and thus – to provide national participants in theserelations with potential markets for goods, works and services, to compete effectively in these foreign markets.

Trump\u2019s Trade Policy, BREXIT, Corona Dynamics, EU Crisis and Declining Multilateralism

Since 1991 there has been a reinforcement of the World Market Economy, not least since China and the, then new Russian Federation have joined the World Trade Organization and because of EU Eastern enlargement and ASEAN integration deepening, while the Transatlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP) negotiations seemed to indicate stronger regional integration dynamics. With the Trump Administration, the situation has changed dramatically as President Trump is supportive of neither multilateralism in general nor of the EU, which is weakened through BREXIT, in particular. Trump’s focus on the US merchandise trade balance deficit is ill-placed and import tariffs imposed on China seem to be excessive as the optimum tariff rate is miscalculated on the basis of the traditional formula – while a new adequate formula would include the role of sectoral US outward FDI stocks. Asia, the EU and the US could define fighting the Corona World Recession as a global public good, but the United States is weakened in the corona pandemic crisis; the EU is facing serious problems in avoiding a Euro Crisis 2 problem and the €750 billion EU loan package could undermine the Eurozone’s stability while being inadequate to minimize the risk of a Euro Crisis 2. At the same time, the prospects for EU cooperation are declining due to political disappointment concerning the national corona pandemic policy in some member countries. An effective anti-corona pandemic policy would mean to organize a consistent EU-ASEAN cooperation or a G20 cooperation with a later extension to UN Organizations, including the IMF, the World Bank and the WHO. Post-corona, global governance could change strongly because of the long-term political scarring effects of the pandemic shock which could undermine EU and Western stability. Networked international leadership in support of multilateralism is an innovative – but difficult - option for EU-ASEAN-Mercosur.

Gestionando el neoextractivismo en un conflicto ambiental en el sur de Chile

La presente propuesta discute el modelo neoliberal y extractivo que se ha implementado en los países latinoamericanos por efecto del desarrollo de la economía de mercado mundial, tomando el caso del capitalismo verde y la utilización estratégica de la Responsabilidad Social Empresarial (RSE). Se utilizó la técnica de análisis de discursos argumentativos sobre la RSE de ENDESA, en el contexto de un conflicto hidroeléctrico en la comuna de Panguipulli al sur de Chile, para lo cual se realizaron entrevistas semiestructuradas a actores gubernamentales y locales. Finalmente, se discuten las relaciones discursivas para proponer que las estrategias empresariales buscan introducir y socializar este tipo de inversiones, a través de la gestión de un neoextractivismo y de una determinada función estatal.

The Development of the Port Industry and the Relationship with Other Industries

As a service industry, the port industry, which is an important basis for the marine transportation industry, provides a place for goods or passengers to reach another point from land by ocean. More than 80% of international cargo import and export trade is done through the port industry; it plays an important role on the world market economy. This paper summarizes the port industry from the aspects of world port industry and the development track, development status and development trend of China's port industry. In addition, the scope, current situation and development trend of the related industry of port industry are also sorted out. Enhancing the development of the port industry and making it develop healthily are of great significance to the implementation of international trade and "The Belt and Road".

ANALISIS KERJA ARUS KAS PERBANKAN DAN PENGARUHNYA TERHADAP FINANCIAL DISTRESS PERBANKAN BUMN YANG TERDAFTAR DIBURSA EFEK INDONESIA TAHUN 2011-2013

The development of business activities from time to time to know whether the company is progressing or to deterioration, and it is known financial situation at any given moment. Such information can be obtained from the financial statements. The financial statements can also be to be able to assess the results achieved by the company during the future. The existence of the global economic crisis that occurred in the year 2011-2013 is an event in which all sectors of the world market economy collapse or degresi and affect other sectors around the world. the fluctuations in economic activity in Indonesia prior to the increase and decrease of fuel oil (BBM) and the warming of the political conditions, fluctuations in the Composite Stock Price Index (CSPI), exchange rate fluctuations, can result in a decrease of interest in investing in Indonesia can identify less controlled economy, the special the banking company that is more sensitive than a manufacturing company, then the risks of changes in social and political dynamics can result in losses. Therefore, the authors are interested in doing research on the description above, and therefore the study authors mentuangkan under the heading Flow Analysis in Banking and Its Effect on Financial Distress Listed on the Stock Exchange Year 2011-2013. From the results, the following results That. In Asymp column sig (2-tailed) was 0.042, the probability obtained at 0.042 0.05), then Ho is accepted. Thus, the performance of the operating cash flow does not have a significant effect on the occurrence of financial distress banking companies (SOEs) in the Year 2011 to the Year 2013. Keywords: Cash Flow and financial distress

Mergers and Acquisitions in CEE Countries

The world market economy is currently characterized by the tendency to globalization, which means that companies have to cooperate and tighten their relations. Companies working on the local market do not have many possibilities for development, so mergers and acquisitions (M&A also called consolidations or takeovers) can be a chance for them to cooperate with companies from all over the world. Consolidations (M&A) concern the aspect of management, corporate finance and corporate strategy dealing with buying, selling and merging of different companies. The main goal of mergers and acquisitions is usually an improvement of company performance and shareholder value over a long period of time. Mergers and acquisitions are similar corporate actions - they combine two previously separate companies into a single legal entity. In some cases, terming the combination a "merger" rather than an acquisition is done purely for political or marketing reasons. In a merger of two corporations, the shareholders usually have their shares in the old company exchanged for an equal number of shares in the merged entity.

ASIA: Economic Success but Uncertain Future

The rise of East Asia, South East Asia and South economically to become the leaders of global capitalism with some 50% of output in the world market economy has one negative drawback, namely the enormous increase in CO2 emissions in this part of the world. Together with general environmental stress, Asia may come pay a heavy price for its stunning economic success, if present trends continue over the 21st century. Asia, here with Australia added, cannot just wait for the eventual implementation of the COP21 Treaty. It needs to go ahead and become the leader in environmental protection.

Adoption, Cynical Detachment, and New Age Beliefs in Juno and Kung Fu Panda

In his article "Adoption, Cynical Detachment, and New Age Beliefs in Juno and Kung Fu Panda" Fu-Jen Chen situates his study within today's prevailing climate of global consumption to argue that the 2007 film Juno—featuring an unconventional portrayal of the adoption triad and a cynical detachment from public values—not only trivializes and depoliticizes the practice of adoption but also serves as an ideological supplement to today's global capitalism. Furthermore, Kung Fu Panda 1 & 2 (2008; 2011) provide two ideological messages of contemporary New Age spirituality—"the belief in nothing" in part I, and "the attitude of inner peace" in part II —that fit with and even fuel the world market economy.

Analysis of economic trends in overseas markets for Indian tea and coffee

Since world market economies are dynamic, the responsiveness of export quantities to changes in international prices is of direct relevance in international economics. India has 12% share of world tea exports and is the seventh largest coffee producer in the world (2013–2014). This study analyses the exports and price growth rates, elasticity, instability and major global markets for Indian tea and coffee. The study was based on 24 years agricultural time-series data from 1990–1991 to 2012–2013. The study found that elasticity for coffee and tea was 61.4 and 13.5%, respectively. The destinations which account for the major share of exports for Indian tea are developed countries including Australia (18.7%), Russia (17.3%), and the United States (15.9%) and for coffee are Italy (28.7%), Germany (13.8%), and Belgium (7.6%). Based on an analysis of individual country elasticity and growth rates, India has comparative advantage to export to the Middle East, Europe, the United States, and Australia.

РОЗВИТОК ІНТЕЛЕКТУАЛЬНОГО КАПІТАЛУ ДИПЛОМАТИЧНОЇ СЛУЖБИ В ДЕРЖАВНОМУ УПРАВЛІННІ

The article considers the essence of the intellectual capital of the diplomatic service. It is determined that the peculiarity of the development of the world market economy is the formation of the knowledge economy, which in turn has radically changed the principles of socio-economic development. Knowledge and information are gradually becoming one of the key factors in the development of the state. The study of the development of intellectual capital of the diplomatic service is now of great importance, has both theoretical and practical significance for the effective functioning of the civil service, as well as the implementation of effective public administration of foreign policy and international cooperation. The task of effective state management of the intellectual capital of the diplomatic service is to expand the powers and create the preconditions for the successful operation of the institution. Integration and combination of existing methods and tools with new innovative forms allows to expand the competencies of the institution and improve its activities. Intellectual capital is an important factor in innovation and the implementation of effective public foreign policy. The article systematizes the essence of the concept of "intellectual resources" as a system of a set of forms of intellectual resources of the institution, which are formed in the process of mastering the latest knowledge for sustainable development. It is proved that intellectual capital includes three main components: human capital, relationship capital and structural capital. It is determined that the strengthening of the processes of integration and globalization requires the state to improve the system of training, retraining and personnel management of the diplomatic service of all levels in order to have effective strategies at the international level. The work of the state in the field of foreign policy and international relations will depend on the effective improvement of the management of intellectual resources. The effectiveness of the entire diplomatic environment will depend on how successfully the diplomatic mechanism adapts to the new international information environment.