THE ROLE OF INTERNATIONAL ECONOMIC ORGANIZATIONS IN THE REGULATION OF FOREIGN TRADE

Abstract

The article discusses the role of international economic organizations in regulating foreign trade, which is an important element of the world economy and a key factor in the development of many countries, especially developing ones. The author focuses on such organizations and their main functions as the World Trade Organization (WTO), the International Monetary Fund (IMF), the World Bank, and regional institutions. The author analyzes their contribution to creating favorable conditions for international trade, ensuring financial stability, liberalizing markets and supporting multilateral cooperation.
The paper highlights the main mechanisms for regulating foreign trade activities through the introduction of international standards, dispute resolution procedures, as well as tariff and non-tariff regulation measures. The author analyzes the positive dynamics of the impact of international economic organizations on reducing economic inequality, stimulating investment and promoting sustainable development, as well as the challenges they face. These include the growth of environmental threats, inequality between developed and developing countries, and the need to adapt national economies to globalization.
Particular attention is paid to Ukraine's cooperation with international economic organizations in the field of foreign trade. The benefits of such cooperation, including access to new markets, integration into the global economy, technical and financial assistance, as well as the main challenges: competition in the international market, protectionist measures of other countries, the need to harmonize legislation with international standards are considered.
The author emphasizes the importance of international economic organizations as regulators of foreign trade and identifies their impact on solving global economic problems, developing international cooperation and strengthening the economic stability of member countries.
Thus, the study allows for a deeper understanding of the impact of international economic organizations on the global economy, which is important for scholars, policy makers and practitioners.