Development of the mechanism of international strategic economic partnership for Ukrainian automotive industry

• Main Authors: Starostina A.O., Nagachevska T.V., Soroka M.M.
• Format: Article
• Language: English
• Published: State Higher Educational Institution “Ukrainian State University of Chemical Technology” 2020-12-01
• Series: Економічний вісник Державного вищого навчального закладу Український державний хіміко-технологічний університет
• Subjects: international strategic economic partnership; foreign partner; mechanism; coordination of economic interests; automobile industry
• Online Access: http://ek-visnik.dp.ua/wp-content/uploads/pdf/2020-2/Starostina.pdf

Under the conditions of strengthening of integration and disintegration processes in recent years, the problem of economic relations between the countries becomes even more relevant, especially in the background of the pandemic of the COVID-19, the consequences of which threaten world and national economy. That is why economic entities are currently looking for new forms of economic cooperation. In the conditions of market uncertainty strategic partnership is a way of stabilizing business processes. This is especially relevant for the automotive industry, which is in a critical state and is unable to meet these economic challenges. The approaches to defining the essence and content of the concept of international strategic economic partnership are analyzed in the article and own definition of the term is proposed. Advantages of the international strategic economic partnership in modern conditions are determined. The mechanism of formation of a strategic economic partnership is offered, its essence and methodical aspects of stages of this mechanism are presented. In particular, the formation of a strategic economic partnership involves factor analysis of the macroeconomic environment to identify the characteristics of business processes in each country and identify threats and opportunities of the influence of each factor. Practical aspects of the mechanism of international strategic economic partnership (SEP) in the automotive industry of Ukraine are considered. The results of practical approbation of the proposed mechanism are presented on the example of cooperation between the subjects of the automotive industry in close cooperation with the governments of Slovakia and Ukraine. The proposed mechanism will allow to plan, develop, implement, evaluate and effectively manage international SEP.