ASEAN Member States in the Focus of Ukraine’s Priority Markets
Raкhman M. S., Sokyrko B. M.

Raкhman, Mahbubur S., and Sokyrko, Bohdana M. (2020) “ASEAN Member States in the Focus of Ukraine’s Priority Markets.” The Problems of Economy 3:25–33.
https://doi.org/10.32983/2222-0712-2020-3-25-33

Section: World economy and international relations

UDC 339.9

Abstract:
The ASEAN member states have very different levels of economic development, population, and area, but the Association is quite successful and has become an important player in the international arena, influencing global economy and policy. The purpose of the article is to analyze the macroeconomic indicators and trends in the foreign and domestic trade of the ASEAN member states, as well as to study the courses of developing cooperation with Ukraine for the organization, in general, and for each member state, in particular. The article suggests draft recommendations on the association’s further development and on the priority of this market for Ukraine. The composition, main goals and areas of cooperation between the ASEAN member states have been outlined. The role and position of the Association’s individual member states has been described. The main macroeconomic indicators of the ASEAN member states have been analyzed, namely: the population size and the occupational patterns for individual countries; trends for the GDP (in total and per country); the structure and evolution of trade relations; the Extra- and Intra-exports structure; the export and import structure and regional pattern of the ASEAN trade. The export-import turnover between the ASEAN member states and Ukraine has been assessed in terms of its commodity composition. A prognostic model of the GDP growth rate has been developed. The PEST analysis carried out has resulted in identifying the economic, political, technological and social factors which caused the creation of the association. A number of measures designed for improving cooperation between the ASEAN member states and Ukraine have been provided. The authors come to conclusion that the volume of trade between the member states within the Association, on the one hand, and between the member states and other countries outside the Association, including Ukraine, on the other hand, has increased.

Keywords: «ASEAN path», «soft integration», GDP, analysis, Extra- and Intra-exports, PEST-analysis, Ukraine, prognosis, improvement measures.

Fig.: 10. Tabl.: 2. Bibl.: 8.

Raкhman Mahbubur S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Marketing and Management of Foreign Economic Activities, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: rahmanms0312@gmail.com
Sokyrko Bohdana M. – Student, Faculty of Economics, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: dana.sokirko9@gmail.com

List of references in article

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