Balkan and Eastern European Studies Open access Peer reviewed

ECONOMIC DIPLOMACY AS A TOOL FOR INTERNATIONAL BUSINESS DEVELOPMENT: UKRAINE’S EXPERIENCE

Юлія Полякова, Оксана Євдокимівна Шайда, Liliia Hrabar

Scientific Notes of Taurida National V I Vernadsky University Series Economy and Management | Oct 6, 2026

Abstract

Abstract

This article examines the role of economic diplomacy in the development of international business and provides a rationale for utilising Ukraine’s export potential in global markets in wartime. It outlines the distinctive features of the development of economic diplomacy and its essence as a tool for representing the country at the world level is considered. The transformation of the role of economic diplomacy is demonstrated. It is noted that export support is currently one of the key areas of Ukraine’s economic diplomacy. Ukraine’s export potential in the global commodity market has been examined. A linear relationship has been established between the volumes of domestic core exports and unutilized export potential. The countries with the greatest potential for the export of domestic products have been identified. Based on the results of the study, the areas for applying the tools of domestic economic diplomacy have been substantiated.

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Authors

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Юлія Полякова

first | Dolishniy Institute of Regional Research of NAS of Ukraine | ORCID 0000-0002-8073-6186

Оксана Євдокимівна Шайда

middle | Lviv Polytechnic National University | ORCID 0000-0003-1666-0436

Liliia Hrabar

last | Lviv University of Trade and Economics | ORCID 0009-0006-7509-4410

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Citation

BibTeX

@article{2026ECONOMIC,
  title = {ECONOMIC DIPLOMACY AS A TOOL FOR INTERNATIONAL BUSINESS DEVELOPMENT: UKRAINE’S EXPERIENCE},
  author = {Юлія Полякова and Оксана Євдокимівна Шайда and Liliia Hrabar},
  journal = {Scientific Notes of Taurida National V I Vernadsky University Series Economy and Management},
  year = {2026},
  doi = {10.32782/2523-4803/76-3-19},
  url = {https://doi.org/10.32782/2523-4803/76-3-19}
}

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