BALANCE OF FOREIGN TRADE IN SERVICES ON SEPARATE SEGMENTS OF THE UKRAINIAN MARKET
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 1, Issue 154
Abstract
With increasing globalization and deployment of scientific and technological revolution in the global market the volumes of international trade in services are rapidly growing. The markets of business, information and telecommunication, computer, finance and other business services are developing most dynamically. The purpose of the paper is to analyze the dynamics and structure of Ukraine's foreign trade in services by types of activity in the context of current global trends, as well as to conduct a comparative analysis of the balance of trade in services in certain market segments. The accelerated growth rates in exports as compared to imports in Ukraine provide an increase in surplus of trade in services; however, the structure of trade in services in the country substantially differs from the global one. In the structure of Ukrainian exports transportation services occupy the dominant position, while the unrealized potential of tourist and construction services, as well as other types of business services differ in the balance level. The most significant imbalance is noticed in intellectual property, finance and insurance services trade. Disparities in the modern structure of Ukraine's foreign trade in services restrict its presence in the world markets. In order to foster competitiveness of Ukrainian providers in those markets it is necessary to change the structure of exports towards knowledge-intensive types of services.
Authors and Affiliations
Ivanna Yerina
Keywords
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- EP ID EP403039
- DOI 10.17721/1728-2667.2014/154-1/20
- Views 76
- Downloads 0
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