International entrepreneurship as a factor of Ukrainian territorial communities’ success

Panukhnyk, Olena
Yanchynskyi, Rostyslav

Ternopil Ivan Puluj National Technical University 56 Ruska str., 46001, Ternopil, Ukraine

Panukhnyk, O. & Yanchynskyi, R. (2024) International entrepreneurship as a factor of Ukrainian territorial communities’ success. Socio-Economic Problems and the State (electronic journal), Vol. 30, no. 1, pp. 131-139. URL: http://sepd.tntu.edu.ua/images/stories/pdf/2024/24povthu.pdf

Scientific Journal "Socio-Economic Problems and the State"

1(30)

Jun-2024

May-2024

29-Jul-2024

Ternopil Ivan Puluj National Technical University

UA

Ternopil

https://orcid.org/0000-0001-7381-6885
https://orcid.org/0009-0000-4207-5850

https://doi.org/10.33108/sepd2024.01.131

334.012.32:339.92:332.14:334.722

M21
R11

business
international entrepreneurship
territorial community
economic development

9

131-139

131

139

The article examines the significant role of the definition of “international entrepreneurship” as an element of the successful development of territorial communities in Ukraine. The modern trends of the flourishing of business on the international arena, its significant importance in the economic development of the country’s regions and communities, are highlighted, as well as the impact of globalization on the progress of local economies and the exit of domestic entrepreneurs to the foreign market. The article shows that the activation of international entrepreneurship contributes to the socio-economic progress of territorial communities of Ukraine, the creation of new jobs, an increase in the level of education of the population, modern professional training of local residents, an increase in people's incomes, the development of infrastructure, an increase in the investment attractiveness of communities and the integration of the Ukrainian economy into world processes. Key obstacles to the progress of international entrepreneurship are described, including legal and economic difficulties, insufficient state support, limited access to financial resources, high turnover of the labor part of the population, corruption processes, low level of international cooperation, lack of mechanisms for protecting invested funds. Along with this, the article provides specific measures to stimulate international entrepreneurship - mechanisms for supporting local entrepreneurs, creating favorable conditions for attracting foreign investment, simplifying regulatory mechanisms, improving entrepreneurial culture and skills, developing infrastructure, and using modern technologies. It is important to determine the main priorities for the development of territorial communities and international entrepreneurship thanks to the rational use of labor, financial and other resources. The cause-and-effect nature of socio-economic transformations in modern conditions is presented, and the importance of the integration of the Ukrainian economy into global processes is also emphasized.

The authors received no direct funding for this research.

http://elartu.tntu.edu.ua/handle/lib/46166

2223-3822

Scientific Journal "Socio-Economic Problems and the State"

http://sepd.tntu.edu.ua/images/stories/pdf/2024/24povthu.pdf
https://doi.org/10.5281/zenodo.10804053
https://ird.gov.ua/irdp/p20220033.pdf
https://doi.org/10.24025/2306-4420.66.2022.268564
https://unctad.org/system/files/official-document/wir2024_en.pdf
https://doi.org/10.31734/economics2019.26.005
https://decentralization.ua/finance/dashboard

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Article

Scientific Journal "Socio-Economic Problems and the State", Vol.29, No.2