Foreign Economic Cooperation of Ukraine and the Countries of Scandinavia: the Economic-Diplomatic Aspect
Journal Title: Бізнес Інформ - Year 2015, Vol 4, Issue 0
Abstract
The article is aimed to analyze the state and prospects of economic-diplomatic cooperation between Ukraine and the Scandinavian countries, show the influence of diplomatic relations on the economic cooperation, as well as prospects for their development. In the paper the status of diplomatic and economic interaction between Ukraine and the Nordic region as a whole, as well as Norway, Finland, Sweden and Denmark in particular, is presented. The influence of diplomatic relations at the interstate, intergovernmental and interregional levels on development of Ukrainian-Scandinavian economic cooperation is displayed. Based on the analysis of economic-diplomatic component, a forecast and the dynamics of trade turnover of Ukraine and the countries of Scandinavia are presented, including the critical for Ukrainian economy time-frame of 2013-2014. It has been revealed that economic diplomacy plays an important role in establishing and expanding trade relations. Despite the internal political crisis, Ukraine is able not only to preserve the tried-and-tested foreign trade markets in Scandinavia, but also to increase the export of goods in the markets of Sweden and Finland. Dynamics of the trade turnover of Ukraine and Scandinavia shows stable growth of trade in the short term and positive outlook to reduce the net balance in the long term.
Authors and Affiliations
Valeriy Ryeznikov
Keywords
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