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M. Dimitrov
The Global Effects of Internal and External Devaluation
on Export Potential
Summary:
The objective of this research is to assess devaluation (both internal and external) as a significant factor affecting national competitiveness by applying comparative analysis tools. The research paper consists of two major parts: the first one presents a systematization of macro-financial effects through international comparative analysis and provides arguments regarding the consequences arising from the implementation of external and internal devaluation policies; the second part examines the dynamics of export as an indicator of post-crisis recovery, which is especially important for countries with open economies upon which external and internal devaluation may have tremendous effects. The conclusion reached as a result of the research states that attitudes unconditionally favouring the devaluation of a national currency as a major tool to support export seem unjustified and should therefore be approached by taking into account potential risks and negative effects.
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Dudar Volodimir
Development of the Market for Food Products from Ukraine’s Agricultural Sector
Summary:
The article analyses the development of markets for food products from the Ukraine agricultural sector and the degree of its dependence on imports of food products. The article also outlines the main areas for activating international economic activities and realization of export potential of Ukraine’s agricultural sector specializing in food production. The author advocates the necessity of deepening the processes of integration with main international markets of agricultural food products.
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Vera Pirimova, Petar Ilkov Peshev
Comparative Advantages and Competitiveness of Bulgarian Exports
Summary:
The research analyses the comparative advantages and competitiveness of Bulgarian production and exports. The paper consists of two parts. Part one reviews some theoretical concepts about the nature of comparative advantages and interprets the indexes designed by B. Balassa and M. Amir. Part two provides computations of B. Balassa and M. Amir indexes and analyses obtained results to identify the comparative advantages and disadvantages of Bulgarian production and exports for certain commodities and commodity groups in the period from 2012 to 2016. Based on the findings of the analysis, we identify and summarise available opportunities for expanding or limiting the exports of certain commodity groups and raising the competitiveness of Bulgarian economy. The research employs mathematical and statistical methods, mainly the index method, in addition to the methods of analysis and synthesis.