International Scientific Journals
of Scientific Technical Union of Mechanical Engineering "Industry 4.0"

Public procurement has acquired new dimensions in recent decades, going beyond the elementary satisfaction of certain needs. Public procurement connect to public policies through its horizontal nature. In present study, public procurement is perceived as an important demand-side policy instrument that can effect both the speed and the direction of economic development. A key argument supporting the view of public procurement as an important policy instrument is that they accounts for about 14% of EU GDP. At the same time, governments frequently overlook procurement as a policy instrument (and demand-side tools in general). The study of public procurement as a policy instrument, given their proven market effect, merits further analysis. Hereof, this research is focused on exploring strategic procurement approaches for economic development. Actually, through public procurement, governments can contribute to the development of growth-generating economy sectors in the role as an important lead consumer by setting standards and exacting superior performance.

Transnational corporations’ manufacturing and commercial activities are connected to national and regional markets. Taking this fact into account, the authors identify the main causes of the active development of transnational corporations around the world and determine five levels of economic growth of developing countries. The authors also consider directions of transnational corporations’ influence on developing countries and inquire institutional means and methods of regulating the influence of transnational corporations in Ukraine. Attractive sectors of the Ukrainian economy for transnational corporations’ activities are proposed, the Coca-Cola Company’s activities performed in Ukraine are analyzed, and conditions for further development of transnational corporations in Ukraine are named in the paper.

This paper deals with the issue of cluster as a modern model of development of small and medium enterprises. Clusters as a model for the development of SMEs in recent years are current as in countries in transition, in contrast to developed countries where the model has long been present. It is understandable that clusters are not sufficiently developed in the transition countries, and the reasons should be sought in inadequate development and transfer of innovative technologies, insufficient skills of employees and the lack of partnerships between businesses, which is a critical factor in the development of clusters. The aim of this study is to determine and present factors of cluster development in the application of the concept of small and medium enterprises as a critical factor in economic growth of transition countries.