Economic Bulletin of the National Mining University

 

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Article

Issue:2022 №4 (80)
Section:International economic relations
UDK:339.977
DOI:https://doi.org/10.33271/ebdut/80.034
Article language:English
Pages:34-41
Title:Reasons and dynamics of reshoring in the European Union and USA
Authors:Pylypenko H. M., Dnipro University of Technology,
Herasymenko T. V., Dnipro University of Technology
Annotation:Methods. The results of the study were obtained through the application of scientific research methods, namely: abstraction – to define the essence of the concept of «reshoring»; historical and logical – to study the evolution of the theory of reshoring; general and specific – to determine the forms of reshoring; comparative studies – to establish the specifics of reshoring in the countries of the European Union and the USA. Results. The essence of reshoring is established and it is presented as a process of returning to the homeland the assets of numerous European and American multinational corporations that have faced a decrease in the competitiveness and efficiency of their foreign branches, which affects the economic growth of national economies as a whole. Methodological approaches are presented, on the basis of which the economic activity of European and American companies in the field of reshoring is measured, as well as their comparison. The main reasons for the spread of reshoring have been identified and its most widespread forms in the developed countries of the world have been singled out. The impact of reshoring on the process of reindustrialization is demonstrated and the current trends in its development are determined. Novelty. The scientific novelty of the research results lies in identifying the current trends of reshoring in the countries of the European Union and the USA, determining the nature of its impact on the economic development of these countries, as well as the socio-economic consequences for the world economy. Practical value. The results of the study actualize the processes inherent in the modern economy, which is becoming more and more globalized. The identified modern trends in the spread of reshoring allow companies to build and implement more effective production strategies, and for politicians to adjust the directions of economic growth of national economies. 
Keywords:Reshoring, Nearshoring, Reindustrialization, Manufacturing, Global trade, Trend
File of the article:EV20224_034-041.pdf
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