THE EFFECTIVENESS OF NATIONAL EXPORTS OF ARMAMENTS AND MILITARY EQUIPMENT AND ITS IMPACT ON THE COUNTRY'S GDP AS AN ELEMENT OF ECONOMIC RIVALRY OF COUNTRIES

• Main Author: Honak, Ihor Mykhailovych
• Format: Article in Journal/Newspaper
• Language: English
• Published: INNOVATIVE ECONOMY 2019
• Subjects: Key words: economic competition; national security; gross domestic product; arms export and military equipment; North Atlantic
• Online Access: http://inneco.org/index.php/innecoen/article/view/100

Honak I.M. THE EFFECTIVENESS OF NATIONAL EXPORTS OF ARMAMENTS AND MILITARY EQUIPMENT AND ITS IMPACT ON THE COUNTRY'S GDP AS AN ELEMENT OF ECONOMIC RIVALRY OF COUNTRIESPurpose. The aim of the article is to study the peculiarities of the mutual influence of national security and national exports of armaments and military equipment and the national economy of the countries in the conditions of intensifying economic competition in the global economy.Methodology of research. During the research, various modern scientific methods of research are used. The research used methods for summarizing information and literature sources to study the mutual influence of national security and national exports of armaments and military equipment and national economies of countries. The linear econometric model was used to analyze the mutual influence of GDP and exports of armaments and military equipment.Findings. It is established that the development of the military and industrial complex by Ukraine and the growth of its military potential and the export of armaments and military equipment make Ukraine attractive to European countries regarding the possibility of integrating our country into the North Atlantic Alliance, and the confirmation of this is conducting permanent joint exercises of Ukraine and NATO countries and studying the experience of Ukraine regarding resistance (in particular, the capabilities of the “hybrid resistance”) in the context of “hybrid wars” in various regions around and in the territory of Europe and North America.Interest in Ukraine from NATO countries can contribute to rapid accession to the Alliance as a result of joining the European Union and the intensive development of the Ukrainian economy – in the intensive development of relations between Ukraine and the European Union and NATO and enhance investment (particularly in the development of the military industrial complex and Export IWT) Ukrainian economy had the potential GDP growth 2,689-6,947 times (in 2017 – to 319 – 826.7 billion US dollars). ...