Economic Archive

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  ECONOMIC WELFARE OF THE EUROPEAN UNION MEMBER STATES

  The article focuses on a comparison of the European Union member states in terms of their economic welfare. To this end, a selected array of indicators was used to group the member states through cluster analysis. The primary research objective is to determine whether these countries enhance their economic welfare positions over time or there is a ... The article focuses on a comparison of the European Union member states in terms of their economic welfare. To this end, a selected array of indicators was used to group the member states through cluster analysis. The primary research objective is to determine whether these countries enhance their economic welfare positions over time or there is a discernible trend of deterioration in this respect.

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  SWOT ANALYSIS OF TERRITORIAL COMMUNITIES IN ZHYTOMYR REGION

  The article examines the specific features of conducting a SWOT analysis for territorial communities. It is established that SWOT analysis involves identifying strengths and weaknesses, as well as threats and opportunities. This process is necessary for establishing linkage chains between these elements, which can subsequently be used to ... The article examines the specific features of conducting a SWOT analysis for territorial communities. It is established that SWOT analysis involves identifying strengths and weaknesses, as well as threats and opportunities. This process is necessary for establishing linkage chains between these elements, which can subsequently be used to systematically build a development strategy for the territorial community. The article defines the essence of SWOT analysis and its application within territorial communities, providing a detailed visualization of its key stages. A thorough analysis of the main economic indicators of Zhytomyr region is conducted, identifying the primary revenue and expenditure items of the regional budget. Based on the SWOT analysis of Zhytomyr region’s economy, it is determined that a promising direction involves developing a strategy to attract foreign investment specifically focused on technology development. In conclusion, the author provides a model for attracting foreign investment to support the growth of the IT sector in Zhytomyr region.

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  DOES TRADE DEVELOPMENT DEPEND ON ROAD NETWORK QUALITY?

  Market globalization today presumes a free movement of people, goods, and capitals, which, in turn, is intended to stimulate growth of various economic sectors and trade in particular. To this end, the development of a high-quality road infrastructure with large territorial coverage is an essential condition for the successful operation of any ... Market globalization today presumes a free movement of people, goods, and capitals, which, in turn, is intended to stimulate growth of various economic sectors and trade in particular. To this end, the development of a high-quality road infrastructure with large territorial coverage is an essential condition for the successful operation of any commercial enterprise. This study contributes to understanding how road network development affects the commercial activities of individual countries within the European Union. The correlation between domestic sales and road network length was assessed using official statistical data. The findings support the opinion that the coverage and level of development of transportation infrastructure strongly correlate with the increase of trade volumes although this relationship is manifested differently across its subsectors.