THEORETICAL AND METHODOLOGICAL FOUNDATIONS OF THE SYSTEM OF REGULATION OF FOREIGN ECONOMIC ACTIVITY

Abstract

The study analyzes issues of formation and further development of theoretical and methodological provisions of the system of state regulation of foreign economic activity. It is pointed out that the issues of state policy of management of foreign economic activity are of great importance in the sense of the development of the national economy and strengthening a number of its important components, such as foreign economic, macroeconomic, investment, innovation and others. The purpose of the research is to generalize and further develop the theoretical and methodological foundations of the system of regulation of foreign economic activity. The basic provisions of economic theories and concepts of the system of regulation of foreign economic activity are summarized. The key factors for improving the theoretical and methodological foundations of the system of regulation of foreign economic activity have been identified and characterized. It is shown that the limits of regulation of foreign economic activity are determined by the scope of administrative law, which concerns social relations, where one of the permanent participants is the subject of public administration; activity of subjects of public administration, which concerns the provision of rights and freedoms, due to the pace of development of civil society and the country; administrative-legal relations, which are mainly executive-administrative; bodies of executive power and local self-government, namely the scope of their support for foreign economic activity; responsibility of market institutions. It has been proven that the foreign trade policy of the authorities has a significant impact on the stability and development of the national economy, as it can promote or limit imports, which in turn stimulates the development of domestic production and export of products. In particular, the government can use tools such as tariff and non-tariff barriers to limit the import of products that can be beneficial to the economy.