COUNTRIES OF THE ARAB WORLD IN MODERN GEO-ECONOMIC PROCESSES: DETERMINANTS OF DEVELOPMENT AND PROGRESS

Authors

  • Iryna Ivashchuk dr.sc.(econ.), professor, professor at the department of international economics, West Ukrainian National University, Ternopil
  • Natalia Kravchuk dr.sc.(econ.), assoc. prof., professor at the department of international relations and diplomacy, West Ukrainian National University, Ternopil
  • Oleh Ivashchuk applicant for higher education PhD degree, West Ukrainian National University, Ternopil
  • Andrii Zastavnyi applicant for higher education PhD degree, West Ukrainian National University, Ternopil

DOI:

https://doi.org/10.37332/2309-1533.2022.2-3.12

Keywords:

countries of the Arab world, global transformations, geo-economic positioning, geo-economic space, determinants of development and progress, economic imbalances, export-oriented strategies, resource regionalism.

Abstract

Ivashchuk I.O., Kravchuk N.Ya., Ivashchuk O.V., Zastavnyi A.R. COUNTRIES OF THE ARAB WORLD IN MODERN GEO-ECONOMIC PROCESSES: DETERMINANTS OF DEVELOPMENT AND PROGRESS

Purpose. The aim of the article is to assessment of the determinants of the development of the countries of the Arab world and its progress in modern geo-economic processes.

Methodology of research. The theoretical and methodological basis of the research is the fundamental provisions of the modern theory of international economic relations, scientific works of scientists. In the research process, general scientific and special methods were used, in particular: dialectical, monographic and systemic analysis – to substantiate the essence of modern geo-economic development processes of the countries of the Arab world; analysis and synthesis – for studying the object and subject of research; PEST analysis – to monitor the positioning of the countries of the modern Arab world; statistical and comparative analysis - to compare economic indicators in time and space; graphic – for visualization of dynamic phenomena and processes; abstract and logical – during the formation of theoretical generalizations, assumptions, conclusions.

Findings. The prerequisites for the involvement of the countries of the Arab world in modern geo-economic processes are considered and the systemic determinants of their economic development and progress are analysed. The positioning of the countries of the Arab world in the geo-economic space is defined and the factors restraining their economic growth are singled out. In particular, attention is focused on the corruption component of the national policy of the countries, which does not allow economic transformations to be carried out. The negative consequences of “resource regionalism” in the policy of the studied countries are substantiated. The features of state support for the social sphere and health care in the countries of the region are revealed. The positive role of startups in the economic improvement of the economies of the Arab world countries and their achievement of progress is argued.

Originality. The methodological principles of conducting a comprehensive analysis of the countries of the Arab world in modern geo-economic processes are proposed. Systemic determinants of their economic development and progress through the prism of political, economic, social, cultural and technological factors are argued on the basis of PEST analysis. The strategic vectors of the positioning of the countries of the Arab world in modern geo-economic processes are substantiated.

Practical value. The obtained research results can be used for further scientific developments regarding the geo-economic positioning of the countries of the Arab world and their participation in modern geopolitical processes.

Key words: countries of the Arab world, global transformations, geo-economic positioning, geo-economic space, determinants of development and progress, economic imbalances, export-oriented strategies, resource regionalism.

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Issue

No. 2-3 (2022): INNOVATIVE ECONOMY

Section

Financial–сredit and monetary policy

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How to Cite

“COUNTRIES OF THE ARAB WORLD IN MODERN GEO-ECONOMIC PROCESSES: DETERMINANTS OF DEVELOPMENT AND PROGRESS”. INNOVATIVE ECONOMY, no. 2-3, Nov. 2022, pp. 85-97, https://doi.org/10.37332/2309-1533.2022.2-3.12.