Andriy Flissak

Trade and economic cooperation of Ukraine and Federal Republic of Germany: its state, problems and solutions
Journal of European Economy, Volume 1, Issue 2, September 2002, pp. 143-157  

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Evanhelos Siskos

Currency rate effect on foreign trade in post-socialist countries of the Black Sea Organisation for Economic Cooperation
Journal of European Economy, Volume 1, Issue 2, September 2002, pp. 158-167  

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Abstract The paper analyses the effect of differences in inflation rate and rise of national currency exchange rate on foreign trade in the countries of transition economy – members of the Black Sea Organization for Economic Cooperation (BSOEC). The technique is developed to calculate profitability indices of different variants of international exchange of commodities taking into consideration the variable share of imported component in the price of export. Comparison of annual rates of exports and import growth in nine BSOEC countries with the dynamics of correlation between price and inflation rates proves the concluded dependence. Key words: Black Sea Organization for Economic Cooperation (BSOEC), foreign trade of post-socialist countries, transition economy, GDP, level of price, exchange rate.

Olexandr Amosha

Promoting the development of social labour relationships in Ukraine
Journal of European Economy, Volume 1, Issue 2, September 2002, pp. 168-176  

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Olena Sokhatska

Modern tendencies in the world futures market's development: lessons for Ukraine
Journal of European Economy, Volume 1, Issue 2, September 2002, pp. 177-201 

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Abstract Modern tendencies of futures market development as the fixed-term segments of the world financial market were studied. The paper highlights fact that they are the markets of basic price risks assets, define not simply the price forecasts, but also real assets prices via hedge mechanism, i.e. is the future profile of economy. The accelerating development of the futures markets in scope, instruments and quantity of participants, in comparison with American and Asian, was emphasized. The futures markets were proposed to be characterized as a third sector of financial market. The problem of adequate evaluation of the futures markets scope in comparison with the scopes of other segments of financial market was discussed. It was proposed also to amend the existing concepts of commodity, stock and share markets implying the establishment of their fixedterm futures markets segments.

Roman Berezyuk, Iryna Mykhalchuk

Foreign economic imperative for modeling of commodity innovation
Journal of European Economy, Volume 1, Issue 2, September 2002, pp. 202-214   

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Abstract The problems in working out the innovative strategy for Ukraine are analyzed, such as necessity and ways to apply the method of differential approach in description of national macroeconomic system as the means to resolve internal and external economic contradictions while implementing present-day innovative state policy. Foreign economic imperative for modeling of commodity innovation strategy is substantiated. Key words: Strategy of commodity innovation, European imperative of strategy for commodity innovation, commodity groups of complementary, contradictory and indifferent type, coefficients of multiplication of import and export, commutative effect, coefficient of general and branch-wise commutativity.

Yuriy Makohon, Yuriy Hokhberg, Serhiy Treyakov

Foreign economic relations of Ukraine: results, priorities, prospects in development and entrance to the WTO
Journal of European Economy, Volume 1, Issue 2, September 2002, pp. 215-229  

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Wilfried Trillenberg

Nobel Prizes in Economic Sciences
Journal of European Economy, Volume 1, Issue 2, September 2002, pp. 230-236  

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Lyudmyla Maslovska

Securing of economic equilibrium and ecologic balance
Journal of European Economy, Volume 1, Issue 3, December 2002, pp. 313-321 

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Abstract  The article, from the viewpoint of modern economic studies, argues that economic development and economic equilibrium are increasingly more determined by limitations of natural resources and ecology issues. Current complicated ecologic situation, decreasing productivity of geo-ecosystems, depletion of natural resources, and reducing bio-diversity are interpreted as non-equilibrium of living environment and of productive activity of a society, or as the threat to ecology. Special attention is drawn to interconnection and interrelation between stable ecology-friendly development and development in economy. The economic development in author’s opinion brings about new quality of productive forces, leads to changes in production relationships, and renews factors of production and vital functions by reducing consumption of natural resources. Development based on non-traditional factors, such as innovative technological, institutional and nature-efficient, is defined in the article as biosphere-compatible and able to ensure equilibrium and security in a wide scope – economic, social, and ecological.