Levkivsky V. The international movement of capital in the global economic space (the system - functional analysis).

Українська версія

Thesis for the degree of Doctor of Science (DSc)

State registration number

0505U000100

Applicant for

Specialization

  • 08.05.01 - Світове господарство і міжнародні відносини

21-02-2005

Specialized Academic Board

Д 26.001.02

Taras Shevchenko National University of Kyiv

Essay

The paper investigates the complex study of transformations of the move-ment of capital through the system - functional approach, and methods of analysis. It has been established that modern tendencies in the international movement of capital are both microeconomic and macroeconomic factors. Considerable attention is paid to the theoretical-methodological bases of investigating the international capital under the condition of world economy globalization. The main trends and the structure of the flows have analysed. Differences in macroeconomic dynamics in certain groups of countries have caused changes in them. The appearance of new countries - capital exporters proves the growing significance of foreign investment under the condition of globalization. It has been established that the contemporary world economy develops in the direction of forming an single economic space, where transnational corporations are the main subjects of economic relations. The author investigates the motives, urging companiesto international blending and absorpbtion: 1) the growth of science consuming production; 2) the spread of information technologies to the sphere of services and traditional branches of processing industries; 3) expanding of the available market space; 4) making the competition at trading market global. Linear multi-scrotal model for calculation of optimal attraction & usage of foreign investments to Ukraine is designed. It gave an opportunity to draw the conclusion that invention & usage of policy on account of direct foreign investments particularly as for activisation of their attraction, that it's necessary to take into account indices which determine cashflow of direct foreign investments as an extra instrument of policy of regulation of the movement of direct foreign investment in Ukraine. Advisability of some changes in the functions of ICF-transferring from financial backing of deficiency of paybalance to regulation of international liquidity, usage of balanced machines & standards in currency & financial. The necessity of the establishment of the international procedure, which would prevent changes of excessive investments & outflow of investments, is taken into consideration. Such an order envisages the creation of international corporation for insurance of credits. Definitely, the system of international finan-cial regulation should envisage the creation of unified standards & observations for the activity of institutions, which realize operations on a global scale.

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