TERMINOLOGICAL BASE OF SCIENTIFIC RESEARCH ON FOREIGN ECONOMIC ACTIVITY

Abstract

Background. Foreign economic activity (FEA) is essential in supporting and developing the Ukrainian economy, which is especially significant in the full-scale Russian-Ukrainian war. Work on fundamental aspects of foreign trade and foreign economic activity research in general is a contribution of Ukrainian scientists to expanding the general theoretical basis and providing opportunities for its practical application.

Methods. Work on the article required the use of the method of studying professional literature to familiarize oneself with existing theoretical concepts and their further study using methods of analysis, comparison and synthesis.

Results. A review of scientific developments on foreign economic activity was carried out, and a study of its terminological base was conducted. Key concepts and indicators used to characterize FEA are presented. The main theoretical approaches to defining foreign economic activity as a type of economic activity, a set of operations carried out and functions performed, a system of interaction of subjects at the international level, as well as a mechanism for integrating the national economy into the world economy, are analyzed. Particular attention is paid to the interdisciplinary approach, according to which the scientific works of not only economists, but also scientists in the field of geography were processed, which allows us to study foreign economic activity in the broader context of globalization processes and spatial relationships. The article studies the main approaches to assessing foreign economic activity through a system of indicators that allow us to analyze the state of the country's foreign economic complex. In particular, such data that reveal information about trade volumes, structure (goods and services, geographical), the level of involvement in global trade processes, etc.

Conclusions. The lack of a single approach to defining terms related to foreign economic activity is noted, which necessitates their systematic analysis and clarification. The presented work provides a comprehensive understanding of the means of assessing foreign economic activity, which may be useful for further scientific research and have practical application.