Support system for strategic planning of foreign economic activities of EU enterprises
The support system for strategic planning of foreign economic activities of European Union (EU) enterprises is considered. It was determined that a pure strategy does not lead to excellent results and does not give results without support, programs, strategies that finance the activities of enterpri...
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| Format: | Article |
| Language: | English |
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Zhytomyr Polytechnic State University
2023-09-01
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| Series: | Економіка, управління та адміністрування |
| Subjects: | |
| Online Access: | http://ema.ztu.edu.ua/article/view/287830 |
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| Summary: | The support system for strategic planning of foreign economic activities of European Union (EU) enterprises is considered. It was determined that a pure strategy does not lead to excellent results and does not give results without support, programs, strategies that finance the activities of enterprises, which includes foreign economic activities. This study discussed the EU instruments constituting the support scheme in the Member States, most of which are implemented through national and regional trade promotion organizations and associations. Despite the large number of measures announced in the EU strategy and the horizontal nature of the SME FEA policy, and the coordination of the implementation of the strategy as a result, coordination between EU services has been very good in some areas (e.g. sections of the free trade agreement (FTA), dedicated to small and medium-sized enterprises), but this does not apply to the various EU co-funded networks such as EEN, Startup Europe or the ELAN network. EU Member States with the highest overall growth in total trade (the sum of imports and exports) tend to have higher export growth rates (compared to import growth rates), while those Member States with relatively low overall growth rates in total trade tend to, indicate higher rates of import growth and require strategic planning of foreign economic activity.
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| ISSN: | 2664-245X 2664-2468 |