Экономические науки/Государственное
регулирование экономики
Сайнога
Н.Д., Рассолова
Л.В.
Донецкий национальный
университет экономики и торговли
им. М. Туган- Барановского,
Украина
INFLUENCE OF ENTERING WTO IMPROVEMENT
OF INTERNATIONAL IMAGE OF UKRAINE
The
issue of entering the World Trade Organization is high on Ukraine's agenda. Its
non-participation in this global economic organization has no reasonable
explanation: in late 2001 the WTO was joined by China, prospects for Russia becoming
its member in 2003 have become more or less definite. The beginning of a new
round of multilateral trade negotiations in the WTO frameworks will obviously
raise the global economic regulation system to a new level and will lead to a
considerable influence on Ukraine. After all, joining the WTO is a prerequisite
for Ukraine's real, not simply declarative, integration with the European
Union.
Entering
of Ukraine into World trade organization is indisputable priority of foreign –
economy policy, as it will have influence on country's economy on the whole and
is examined as a system factor of development of national economy,
liberalization of foreign trade, creation of predictable transparent
environment for brining in of foreign investment, which answers national interests
of Ukraine.
Entering
to the WTO is the very substantial factor of forming of attractive image of
Ukraine in the international arena, that, first of all, will influence on
forming of effective business environment both for national and for foreign
companies, and also on its economic development. As membership in the WTO is
the confessedly sign of reliability, predictableness of business – environment
of country, and its investment climate, it will guarantee defense of rights for
investors in Ukraine and will stimulate basing of productions on territory of
our country, taking into account the
facilitation of access of commodities, made in Ukraine, to the markets of 148
countries – members of the WTO [1].
Immeasurable
greater pluses will have transformation processes which will take place in
Ukraine after entering to the WTO, than possible threats of loss of loss of
separate markets. New possibilities will be opened before the country. Only
becoming the member of the WTO, Ukraine will be able to present itself on a
world arena as a reliable trade partner and attractive object for investments
and to defend own interests. A row of positive effects will appear money equivalent
of which it is difficult to final count today.
Before
acquisition of membership in the WTO foreign companies examine Ukraine in their
strategies exceptionally as a possible market of sale for the export and behave
with large warning to possibility of investments in a production. Basic
investments come in a wholesale, and our production remains ramshackle. Does it
follow to prove that it does not create reliable base for the increase of
welfare of population, international image, and in a long – term prospect will
inflict a serious blow to demand, as a result of what Ukraine can lose even that
small factor of attractiveness which presently takes place due to the user
market?
Key
factor which restrains possibilities of the Ukrainian firms on leaving to the
internal and external markets – low quality of investment capital. The present
level of technologies is very low and needs immediate increase. It will provide
Ukraine with perceptible economic advantages, and in course of time – will be
instrumental in the increase of efficiency of production and rates of the economy growing. Preconditions for a
technological update will be the best at lifting restrictions on the products
of the so – called investment import which foresees an update, first of all,
ramshackle capital goods. Membership of Ukraine in the WTO will be instrumental
in the this job processing which foresees the decline of level of obstacles on
the way of import of such products [1].
In the
context of geopolitical achievements it should be noted that entering of
Ukraine to the WTO will not render considerable influence on international
life. Far greater role will play geoeconomical changes, which, in particular,
will have almost exceptionally a positive effect for Ukraine. For today the
unique relatively large economies which remain out of limits of the WTO are the
Russian Federation and Ukraine. All neighbours of Ukraine, except for
Byelorussia and the RF, are the members of the WTO. In connection with this we
continue to lose commercial benefits through the worst terms of access to the
markets of these countries and, accordingly, use the geoeconomical mechanisms
of providing of Ukrainian interests not in best rank in countries – members of
the WTO, that we are surrounded by [3].
Ukraine
as a country – member of the WTO will be perceived as an equal in rights player
not only on the economic but also on political field. Membership is in the WTO
– it is possibility of prevention of economic pressure from the side of
separate countries at the decision of political questions (in particular,
connection to the negotiation process within the framework of the WTO of
questions directly not connected with trade problems of organization, for
example attempt of Kyrgystan to compel Ukraine to liquidate a debt which was
accumulated from soviet times, within the framework of negotiation process
about its entering to the WTO).
References:
1.
Krugman P.R.,Obstfeld M. Internationals Economics: Theory and
Policy.2-nd ed.- New York:Harper Collins Publishers,2009.
3.
Yousden N.T. The Economics of Trade Protection. – Cambrige: Cambrige
University Press. – 2005.