MODELING SITUATIONS IN FOREIGN ECONOMIC ACTIVITY

Authors

  • Valdemar Vitlinskyi
  • Liubov Makhanets

Abstract

Criteria of making decision in foreign economic activity are considered in the paper. The tools of foreign trade, foreign exchange policy and investment policy are analyzed. The risk of tools choosing of foreign economic policy and stability in foreign policy are investigated. It is shown that the stability of the foreign economic system is determined by the presence of the subsystem of risk management of the occurrence of adverse conditions, which involves the definition of an integrated risk indicator for choosing a foreign economic policy strategy.

Author Biographies

Valdemar Vitlinskyi

Full Professor Vadym Hetman Kyiv National Economics University, Institute Information Technologies in Economics

Liubov Makhanets

Associate Professor PhD, Yuriy Fedkovych Chernivtsi National University, Faculty of Economics, , Economic Modelling and Business Informatics Department  

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Published

2018-06-25

Issue

Section

Statistics, economic informatics and mathematics