Three Seas Economic Journal最新文献

{"title":"INTEGRATION DIRECTIONS TO IMPROVE THE COMPETITIVENESS OF THE HOSPITALITY INDUSTRY","authors":"L. Matviichuk, Borys Smal","doi":"10.30525/2661-5150/2022-1-17","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-17","url":null,"abstract":"The article is devoted to the study of trends in the hospitality industry in Ukraine and the world and the search for ways to improve the competitiveness of the study area. The aim of the publication is to substantiate the directions of increasing the competitiveness of the hospitality industry in the regions of Ukraine in modern conditions on the basis of the analysis of trends in the studied sphere. Methodology. The study is based on the analysis of scientific literature and points of view of foreign and domestic experts in the field of hospitality. The study also used analytical data of the World Travel and Tourism Council and the National Tourism Organization of Ukraine. During the organization and conduct of the study were used general scientific and special methods, such as analysis, synthesis, comparison, identification of destructive factors affecting the state and development of the hospitality industry. Using a structural-logical method, presented a vision of the implementation of modern ways to improve the competitiveness of the hospitality industry in the regions of Ukraine in the conditions of the spread of pandemic. Results. The content and importance of the hospitality industry in the development of the regions of Ukraine and the world. Defined the content of the definitions under study, summarized and formulated approaches to defining the relationship between the concepts of \"hospitality industry\" and \"tourism industry\". The analysis of the main indicators of the hospitality industry. In order to find ways to improve the competitive advantages of the hospitality industry and determine the target audience the analysis of indicators of inbound and outbound tourism in Ukraine. Described trends in the development of the hospitality industry in modern conditions. The decrease in almost all indicators of development of the hospitality industry is revealed. The data of the World Council of Travel and Tourism about the state of the hospitality industry in Ukraine are analyzed. The reduction of the total contribution of travel to employment in Ukraine in 2020 to 6.3% was revealed. Identified directions and measures to strengthen the competitive advantages of the hospitality industry in the regions of Ukraine. It is proved that promising directions to improve the competitiveness of the hospitality industry in modern conditions are the association of business entities of the industry, as well as the use of modern digital and information tools. Such associations can be alliances, clusters, unions, brotherhoods, and so on. Joint cooperation of economic entities of the region will allow to create a comprehensive regional product that meets international standards, the needs of modern consumers, safe and of high quality, as well as able to integrate into the world tourism market. Practical implications. The study, based on analysis of major trends in the hospitality industry in Ukraine and the world has allowed to define integrated directions fo","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"37 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89832448","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE ROLE OF RESOURCE POTENTIAL IN THE FORMATION OF COMPETITIVE STRATEGIES OF UKRAINIAN AGRICULTURAL ENTERPRISES","authors":"Yuri Kyrylov, Kristina Zheludenko","doi":"10.30525/2661-5150/2022-1-10","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-10","url":null,"abstract":"The tasks of formation of competitive strategies of agrarian enterprises and increase of their competitiveness are the main factors of development in market conditions. The activity of agricultural enterprises is connected with competition and the need to form competitive advantages, the nature of which depends on the resource potential of economic entities. One of the most important problems of development of domestic enterprises of agrarian sector is the low level of efficiency of using their resource potential. That is why the aim of the article is to analyze and evaluate the effectiveness of resource potential of agricultural enterprises for determining the scope of their further competitive struggle and the formation of competitive strategies. Methodology. Theoretical and methodological basis of the study consisted of the works of domestic and foreign scientists on the use of resource potential of agrarian enterprises. The complexity and focus of the study ensured the use of a systematic approach as a methodological basis. The following methods were used in the study: statistical method (in determining the production of gross agricultural output), correlation and regression analysis (to identify the relationship between gross output of agricultural enterprises and the use of various types of their resources); abstract-logical method (in formulating conclusions). As a result of the study the components of the resource potential of agrarian enterprises were determined, its characteristics were given and the dynamics during 2016-2020 were analyzed. The factors on which the efficiency of the use of resource potential by enterprises of the agrarian sector and the main reasons for the loss of resources in agricultural production were determined. The most influential components of the resource potential of agricultural enterprises and their combinations were identified through the development of correlation and regression model. The main approaches to choosing a competitive strategy of agrarian companies based on the evaluation of their resources were determined. The algorithm of formation of competitive strategies of enterprises in the agricultural sector, taking into account the resource potential, and identified its main stages. Practical relevance. The implementation of the results of the study will ensure the formation of effective competitive strategies of enterprises in the agricultural sector to improve their competitiveness. Scientific novelty. The analysis and evaluation of the resource potential of agrarian enterprises is proposed to carry out with the help of correlation and regression analysis, which allows to determine the degree of dependence of production on the use of different types of resources and their combinations and the possibility of forming competitive strategies of agrarian enterprises, taking into account the impact of these resources.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74390858","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FINANCIAL MARKET OF UKRAINE: STRUCTURE AND DEVELOPMENT TRENDS","authors":"Inna Berzhanir","doi":"10.30525/2661-5150/2022-1-3","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-3","url":null,"abstract":"The purpose of this work is to study the current state and trends in the financial market of Ukraine. Methodology. The following methods of scientific research were used: analysis and synthesis; theoretical generalization; abstraction and comparison; systematic approach. Results. The article reports that the financial market of Ukraine is in the process of formation, which is due to the uneven spatial dynamics of financial capital in the course of market reforms; heterogeneity of economic and financial space of the country; fundamental asymmetry between regions in terms of financial capacity; localization of financial institutional infrastructure; level of investment attractiveness, etc. It was found that the main problem of the financial market of modern Ukraine is the inability to provide an effective redistribution of financial resources needed to meet the challenges of modernizing the domestic economy and create an innovative impetus to the reproductive processes. Practical implications. To improve Ukraine's financial sector and boost economic growth, it is necessary to create an effective mechanism for improving banks' lending policies. To develop bank lending and create financial stability in this period it is necessary to make banking services of higher quality to improve their competitiveness; to set maximum interest rates on loans within the framework of state acts and monitor their implementation; to encourage commercial banks to lend to innovative projects; to increase the size of main assets of state banks, increase their number and strengthen their role in the financial and credit market of Ukraine, etc. Value/originality. It has been researched that the structure of the financial market is dominated by the number of companies engaged in the provision of loans, loans, financial leasing, the provision of guarantees; carrying out factoring, currency exchange and money transfer operations. For the development of bank lending it is necessary to improve banking services to improve their competitiveness; set maximum interest rates on loans within state acts and monitor their implementation; stimulate lending by commercial banks to innovative projects; increase capital resources of state banks, increase their number and strengthen their role in the financial and credit market of Ukraine, etc. These measures will contribute to the recovery of the national economy and increase the level of financial efficiency of the domestic banking system.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87022833","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE ROLE OF AGRO-INDUSTRIAL ASSOCIATIONS IN INDUSTRIAL AGRICULTURE","authors":"Vladyslava Tymkovan","doi":"10.30525/2661-5150/2022-1-27","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-27","url":null,"abstract":"The subject of the study is agroindustrial associations and their role in the industrial agriculture of Ukraine. During the study the following research methods were used: empirical, theoretical methods, as well as observation, analysis and synthesis. The purpose of the study is to analyze the state of the enterprises-participants of agro-industrial associations to identify positive or negative trends in the sustainable development of their activities and to provide suggestions for their further effective development. The relevance of the topic is confirmed by the need to ensure food security of Ukraine, which can be supported primarily by enterprises of agro-industrial complex. The study analyzed the volume of products produced by agricultural enterprises and compared the size of the costs of agricultural production and the amount of net profit of enterprises. It was concluded that the sustainable development of agro-industrial enterprises has declined. To improve these indicators, the authors proposed a number of measures that would help enterprises to get out of the pre-crisis state, namely, state support in various manifestations. The study \"Support for Agrarian and Rural Development\" within the framework of the project of the United States Agency for International Development (USAID) was also taken into account. The study examined in detail the external and internal negative factors affecting on the activities of agro-industrial associations.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"65 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82101883","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"SUPPLY CHAIN MANAGEMENT SYSTEM – A KEY TOOL FOR THE DEVELOPMENT OF THE PHARMACEUTICAL INDUSTRY IN UKRAINE","authors":"P. Osos","doi":"10.30525/2661-5150/2022-1-20","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-20","url":null,"abstract":"The subject of this article is the supply chain management system of pharmaceu-tical industry enterprises in Ukraine. Methodology. In the course of the study, the systematic and logical approaches are mainly used. At the same time, during the study the following scientific methods were used: 1) analogy – an effective supply chain management system (hereinafter – SCM system) is defined as im-portant for enterprises of any sector of the national economy of Ukraine; 2) in-duction – significant attention is paid to the individual components and para-meters of the supply chain of the pharmaceutical industry in Ukraine; 3) generali-zation – it was found that, despite the diversity of views on the definition of SCM system, the basic idea of such a definition is identical; 4) others. The purpose of this article is to study the current state of SCM-system of pharmaceutical indus-try in Ukraine, as a key tool for its development. The results of the study show that the spread of coronavirus disease COVID-19 (hereinafter COVID-19) caused changes in the transport components of the SCM system in the enterprises of the pharmaceutical industry in Ukraine. Conclusion. The Ukrainian pharmaceutical industry is the most developed among the post-Soviet countries and has a leading position in the production of generic drugs. Thanks to the distribution of COVID-19, the industry today is the guarantor of the protection of life and health of citizens, and pharmaceutical companies receive significant profits. Giv-en today's realities, such companies continue to transform internal business pro-cesses related to the SCM system, which must first and foremost be as flexible, fast and sustainable as possible. At the same time, changes associated with the possibility of \"online\" sales of medicines can have a positive impact on the effec-tiveness of SCM system parameters in the pharmaceutical industry in Ukraine, which in the long term will lead to an increase in its profitability. However, such sales cannot fully guarantee high quality and safety of pharmaceutical products. Strict domestic legislation related to pharmaceutical industry regulation contrib-utes to unpredictable situations related to the SCM system. Proper identification of key priorities and anticipation of possible obstacles in advance will greatly re-duce their occurrence.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"55 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76944850","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"SECURITY MANAGEMENT OF UKRAINIAN BANKS","authors":"Volodimir Todosiichuk","doi":"10.30525/2661-5150/2022-1-28","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-28","url":null,"abstract":"The purpose of the study is the current state and trends in the development of the banking system of Ukraine. The main problems of functioning of banking institutions at the present stage of reforming the state economy were revealed. The essence and content of the category of banking security is analyzed, the role and importance of guaranteeing the safety of banks in the system of financial security of the state is shown. The main threats and risks to banking security in general are described, the principles of improving the level of banking security are outlined. The category of banking security is characterized by: the state of security of banking activities and resources of a financial institution, the ability to develop effectively in the strategic dimension, the ability to withstand threats, protect the economic interests of participants and the ability to increase the overall financial and economic potential. Methodology. Improvement of the mechanism of banking security is the implementation of measures at the level of the bank and the banking system as a whole. The measures include: improving regulatory support, bringing activities closer to international standards of banking services, introduction of conceptual approaches to strategic management of banks' financial security, improving the quality of corporate governance and bank management, etc. Results. To ensure the sustainable development of the national financial system, it is necessary to \"improve\" the management systems of banks, ensuring full economic protection from external and internal factors, which is one of the main directions of state policy in the field of economic security. Value/originality. Ensuring stability of the banking system, prevention of systemic banking crises is the most important task of authorized government bodies in the field of financial sector regulation. Considering the notion of banking supervision, it can be noted that \"banking supervision\" is a monitoring system consisting of state, international, inter-bank, intrabank, intra-bank supervision in the form of preliminary, introductory and current supervision from the establishment until liquidation of a bank or its subdivisions. It should be noted that banking supervision is a systemic system that comprises several closely intertwined elements. The components of banking supervision are control proper, which boils down to study or observation of compliance with legislation in the activities of banking institutions, as well as active actions by the National Bank of Ukraine to apply appropriate enforcement measures. The mechanism for ensuring the smooth functioning of the country's banking system is a set of tools used by government agencies and providing for regulatory and supervisory measures.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"154 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73046788","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"MACROECONOMIC VISION OF THE ESSENCE OF FINANCIAL RESOURCES OF ENTERPRISES IN AGRICULTURE","authors":"N. Hryshchuk","doi":"10.30525/2661-5150/2022-1-7","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-7","url":null,"abstract":"The purpose of the work is to study the essence of financial resources of enterprises, their current state in the economy of Ukraine, the definition of priority financial instruments to provide financial resources to the agricultural sector. Methodology. Theoretical and methodological basis of research are general and special methods of scientific knowledge: generalization, analogy, analysis and synthesis, induction and deduction (to clarify the conceptual framework, theoretical generalizations of research results, conclusions and proposals); economic-statistical and tabular methods are used. Results. It is established that the economic activity of the agrarian sector largely depends on the volume and types of financial resources. The development of the industry and the state is impossible without a sufficient level of financial resources, their focus on the priority areas of the national economy and effective use. Financial resources are an important factor in the progressive development of any economic system and economic entities of the agricultural sector. It was found that the volume of financial resources in the domestic economy remains low due to the imperfect legislative framework, underdeveloped financial and credit system, strong tax pressure, inefficient use of depreciation deductions, low level of transformation of population's savings. The analytical assessment of the types of financial security showed that the attraction of soft loans and various types of financial resources by economic entities of the agro-industrial complex will improve financial security. Prospective financial resources of enterprises in the field of agriculture allow access to competitive positions of representatives of the agrarian sector. Practical consequences. According to the results of the study, priority areas for improving the financial resources of economic entities, which will contribute to financial security, through a balanced and sound public policy to support the economic activity of agricultural enterprises and the implementation of the proposed recommendations for businesses and authorities, were identified.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"25 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79706011","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"CULTURAL DIPLOMACY: INSTITUTIONAL CONTEXTS","authors":"T. Bukina, L. Perminova","doi":"10.30525/2661-5150/2021-4-5","DOIUrl":"https://doi.org/10.30525/2661-5150/2021-4-5","url":null,"abstract":"The article analyzes the leading types of modern diplomacy. Problem statement. Changes in the system of international relations have led to increased attention to the study of issues related to modern diplomacy. However, in the scientific community, the study of the features and essence of the varieties of modern diplomacy is considered to be fragmented. The lack of thorough general theoretical works on this issue, as well as the frequent misunderstanding of the essence and tasks of modern diplomacy in the scientific and publicist literature, causes confusion and different interpretations of the terms. This points to the relevance and significance of further research in the field of modern diplomacy. The purpose of the study is to reveal the essence and define the terms \" public diplomacy\", \" people' diplomacy\", \"civil diplomacy\", \"new public diplomacy\", to establish their classification according to the subjects of implementation, addressees and peculiarities of practical implementation. The aim of the work is also to conduct a comprehensive analysis of \"cultural diplomacy\" and to identify the main achievements in this area in Ukraine. Methodology. This study uses the methodology of interdisciplinary level science. The interdisciplinary integration of knowledge and the integration of disparate characteristics into a system allowed to obtain new scientific knowledge, which consists in a comparative analysis of the leading types of modern diplomacy, highlighting \"cultural diplomacy\" as the main one and analyzing the main institutional achievements of Ukraine in cultural diplomacy. Results. The article summarizes the definitions of the concepts of \"public diplomacy\", \"civil diplomacy\", \"people's diplomacy\", \"digital diplomacy\", \"new public diplomacy\". Their essential features and main characteristics are highlighted, their comparative analysis is presented, and \"cultural diplomacy\" as the leading direction of modern diplomatic practice is analyzed. The institutional context of cultural diplomacy of Ukraine is considered. The conclusion is made that despite the failure of systemic cultural reforms in the past, today there are positive changes in cultural diplomacy. Ukraine's cultural vector in foreign policy acquires a systemic and strategic balance. Value/originality. A comparative analysis of different types of modern diplomacy is conducted, the definition of \"cultural diplomacy\" is clarified and the peculiarities of its institutional formation are considered. Practical implications. The materials of the article can be used for research and educational purposes, as well as for the further development of the vectors of Ukrainian cultural diplomacy.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75854940","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A CAREER IN THE ROMANIAN BANKING SECTOR: OPPORTUNITY OR THREAT?","authors":"R. Drugă","doi":"10.30525/2661-5150/2021-4-1","DOIUrl":"https://doi.org/10.30525/2661-5150/2021-4-1","url":null,"abstract":"Due to the COVID-19 pandemic, a significant part of the activities carried out by the banking units is moved to the online environment. This fact automatically decreases the number of subsidiaries and, implicitly, generates the staff layoff. Also, this phenomenon affects the potential candidates for a position within a banking unit. Here, the most vulnerable category is students studying in the Department of Economics. One of the reasons they choose to enroll in a department with an economics major is the opportunity to work in the banking units. A survey was conducted to find out how economics students in Romania perceive these threats. A questionnaire was used as an instrument. Respondents (N=453) had the opportunity to express their intentions regarding career development in the banking sector, given the context created by the COVID-19 pandemic. The article concludes with the most representative findings on this research topic.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77459205","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"CLUSTERING OF THE NATIONAL ECONOMY AS AN EFFECTIVE TOOL FOR THE SUSTAINABLE DEVELOPMENT OF EUROPEAN COUNTRIES","authors":"N. Trushkina, Valerii Shiposha","doi":"10.30525/2661-5150/2021-4-11","DOIUrl":"https://doi.org/10.30525/2661-5150/2021-4-11","url":null,"abstract":"The cluster model is an effective tool for ensuring the effective development of national economies and the transformation of the innovative ecosystems of European countries. This is determined by the goals of the cluster approach. In most European countries, cluster structures are recognized as the most effective means of implementing regional policies that promote balanced sustainable development of regions based on the use of local conditions, resources and competitive advantages. World practice testifies to the intensification of the processes of formation of cluster associations of organizations in recent decades. Currently, about 50% of the economies of developed countries are covered by the processes of creation and functioning of clusters. The purpose of the article is the analysis and synthesis of the European experience in the development of cluster structures to develop recommendations for the possible use of clustering the national economy as an effective tool for sustainable development of European countries in Ukraine. Methodology. The theoretical and methodological basis of the study are the provisions of institutional theory, in particular the paradigm of evolutionary development, clustering theory, the concept of strategic and logistical management, enterprise development management. In the process of research the following general scientific methods were used: analysis and synthesis (for the analysis of scientific schools of development of cluster theories, generalization of existing theoretical approaches and provisions, scientific developments on the problems of managing the development of cluster structures, clarification of terminological apparatus); classification and systematic approach (to systematize the conceptual approaches to defining the concepts of \"cluster\", \"clustering\", to identify industry-specific development of cluster structures in Europe); comparison and structural-logical generalization (to determine the features of the European practice of clusters and the possibility of its use in Ukraine). Results. The study revealed the sectoral focus of cluster structures in European countries. The features of the implementation of cluster policy and the key objectives of support for the development of cluster structures in a number of EU countries were identified. It is proved that the clusterization of the national economy, cluster policies and initiatives in the last decade have become important elements of strategies and concepts of innovative and sustainable development of European countries. Based on the analysis and synthesis of sectoral trends in the creation of cluster structures in European countries, it was found that the national characteristics of existing cluster policy determine the direction of cluster initiatives; strategic cluster alternatives are determined by national characteristics and the adopted cluster concept; to assess the feasibility of the cluster strategy of development of the territory it","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"4058 3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86743290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}