Improving Mechanisms to Manage Foreign Trade Activity of Regional Industrial Complexes in the Context of International Limitations

V. V. Bezpalov
European Research Studies Journal, Volume XX, Issue 4B, 319-333, 2017
EOI: 10.11214/thalassinos.20.07.024

Abstract:

The article defined modern terms and conditions of the foreign economic activity of the state, its role in ensuring national security and sovereignty of the country. Based on analyzing the notion of the economic sovereignty, the ways to be used when forming the mechanism on managing the foreign trade activity were determined.Considering institutional limitations and standards, such mechanism must include technologies on diagnosing, estimating and forecasting processes of foreign trade, organization and regulation, as well as monitoring and control in this area. The global criterion on managing processes of the foreign trade (economic sovereignty of the country) and indicators of estimating its efficiency were considered.The conceptual and economic and mathematic model to manage the foreign trade activity for implementing nationally and regionally was introduced. Based on the required and sufficient terms and conditions that were formulated, the formulae to calculate them, as well as statistical data, such as foreign trade, export and import trade structure, calculations were determined to define the economic sovereignty of Russia, as well as regional industrial complexes according to the results of the previous years.The conclusions that were made allowed the author to offer a complex of measures on improving economic security and sovereignty of the country.


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