Search

The article aims at elaborating the conceptual foundations for the development of international business theory in the context of increasing global technological dynamism. The article examines the relationship between the increase in technological dynamism in the modern world and the problematic issues in the theory of international business regarding the fragility or terminability of specific advantages of countries and specific advantages of firms that underlie the very basis of the existence of multinational corporations, their business models and, accordingly, their sustainability. The author proposes a comprehensive solution to this qualitatively new problem of international business by addressing the general task of ensuring firm sustainability in the context of increasing technological dynamism in the industry and determining what are the specific advantages of those firms that demonstrate an appropriate level of sustainability and which can be successfully internationalized and continue to compete in world markets in the current environment, despite the disruption of the classical paradigm of international firms. The article explores the evolution of management theories of firm competitiveness in the context of increasing environmental dynamism, which has led to the emergence of dynamic strategic management based on the integration of the theory of dynamic capabilities and the institutional approach with the traditional insrtumentarium for developing and implementing corporate strategies. The substantiation of the conception of specific advantages of global innovation ecosystems in the theory of international business has been further developed. With the practical application of the proposed conceptual framework for the development of international business theory, taking into account the continuous increase in technological dynamism in the modern world is meant to introduce dynamic strategic management tools in the activities of international firms, including the development and implementation of strategies for their participation in global innovation ecosystems. [ABSTRACT FROM AUTHOR]

The fact that the health of Ukraine’s people is rather poor proves the importance of substantiating the need for institutionalizing the government’s social responsibility for public health (GSR for PH) as a basic component of a health-oriented economy in modern conditions. The methodological approach to forming the GSR for PH institution is developed; within this approach the essence of the GSR for PH and its structure are defined, and theoretic approaches to forming the GSR for PH are suggested, as well as case studies for the GSR for PH and its diagnostication within a state, and rationale for and mechanisms of the GSR for PH institutionalization. The methodology of institutionalizing the GSR for PH is based on the institutional approach and the theory of health risk factors. The GSR for PH is presented as the obligations of a state, which are expressed in actions that are aimed at the socio-economic well-being and lifestyle of both the population and every individual as a carrier of health capital; ensure the safety and efficiency of human capital; provide environmental parameters for the actualization of human capital; characterize the organization of providing health care to the population, ensure its quality and accessibility. The analysis of the GSR for PH in Ukraine from the standpoint of the theory of health risk factors shows the inefficiency of state institutions responsible for maintaining public health; an institutional trap has been identified in some areas of the public health care system. In order to transform inefficient institutions, a mechanism for institutionalizing the GSR for PH is proposed, which includes regulatory, business, and information instruments; they coordinate the actions of economic entities in their interaction in such a way as to offset the negative impact of health risk factors, and enhance the positive impact, which contributes to increasing the government’s, employers’ and individuals’ responsibility for health at every level. [ABSTRACT FROM AUTHOR]

Copyright of Problems of Economy is the property of Research Centre for Industrial Developmen Problems of Nas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Problems of Economy is the property of Research Centre for Industrial Developmen Problems of Nas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)