Under modern conditions of globalization nowadays, economic activity is undergoing changes. Innovative technologies, new forms of business, dynamic changes taking place in the world today result in the emergence of the necessity to minimize risks in order to maximize benefits. The cooperation between experts from different fields with the aim to ensure sustainable growth – policymakers, scientists, universities representatives and business elites is essential nowadays. With the purpose to bring them together and discuss the main issues of todays’ global world this conference took place in Ternopil, Ukraine. As Ukraine is now passing through a dynamic period of changes, recommendations coming up from such discussions can be very beneficial for building stronger society and meet the risks globalization brings up. This monograph provides a useful review of economic, financial and policy issues in the context of globalization processes and has proven extremely popular with practitioners and industry advisors. This edition is given the continued high demand and interest for experts form different areas working on diminishing of business risks wishing to keep abreast of current thinking on this subject. According to many experts process of managing risks is currently one of the most relevant business technologies and at the same time it is a complex process which requires ground knowledge in the research field and practical experience. The popularity of business risks management is due to objective reasons such as dynamics of society, interconnections and interdependence between different players in the society, increasing role of human capital in the country’s sustainable development.

Зміст

1. Редакційні сторінки	1
2. Зміст	5
3. Передмова	10
ЕКОНОМІКА
4. Економіка	15
5. Pradeep K. Internationalization of higher education and it’s impact on economy: case of India and Poland	16
6. Стадник В. В., Соколюк Г., Головчук Ю. Institutional component of competitiveness risks and development of socio-economic systems	28
7. Osipenko K., Omelchenko V., Omelchenko A. Development of the supply chain management concept under the conditions of global economic transformations	41
8. Лук’янчук О., Ткачук Т. Transformational processes of the country’s economic development	53
9. Жердецька Л. The interaction of monetary, macroprudential and fiscal policies	59
10. Панухник О. В., Химич Г. П., Федотова Я. Г. Balanced development of regional economic systems on the basis of smart specialization: european experience and opportunities for Ukraine	69
11. Бакушевич І. В., Мартиняк І., Гощинська Д. Socio-economic development of ukrainian regions in the context of european integration	77
12. Лучко М. Р., Кіляр О. Р., Адамська І. Value creation as the main principle of construction company efficient functioning	89
13. Гац Л. Є. Regression estimation of agricultural production of crops in the western region of Ukraine	97
14. Шелудько Л. В., Кошкалда І., Попов А. Impact of shadow economy on food security of the country	103
15. Kalinina S., Mikhaylishin L., Korovchuk Y. Transformation aspects of the modern migration processes development in the system of labor economic provision	113
16. Щигельська Г. О., Криськов А. А., Чоп Т. О. Ukrainian labor migration: main trends and risks	120
БІЗНЕЗ ТА ТУРИЗМ
17. Бізнез та туризм	130
18. Mahammad S. Business risks in the changing dynamics of ‘global village’ in the perspectives of Indo-Ukraine relations	131
19. Bećirović D., Kozarević E. Strategies for improving the competitiveness of frontier capital markets	157
20. Seretna-Sałamaj D., Szpara A. Some models of financial decisions	171
21. Химич І. Г., Подвірна Т. В., Тимошик Н. С. Banking activities assessment based on business models	184
22. Onyshchenko Y. The problem of digital bank business model identification	194
23. Павликівська О. І., Марущак Л. І. Functional imperatives and dominant ideas of digital accounting system development	203
24. Константюк Н. І., Винник Т. М. Peculiarities of formation and effective use of financial resources of the enterprise under modern conditions of management	211
25. Kremen V., Brychko M. Logit and probit model for prediction the financial health of insurance company	223
26. Малинич Г. М., Бажанова Н. В. Status, trends and development of the life insurance market in Ukraine and in the world in conditions of financial globalization	233
27. Гарматій Н. М., Різник Н. М., Гарматій С. В. Economic analysis of activities of companies of Ukraine and Poland and clusterization of the insurance market of the national economy	244
28. Побоча К., Федина В. Institutional principles of the funded pension system implementation	253
29. Кравчук Н. В., Білоус О., Синькевич Н. І. Minimum wage and working under the table: issues and solutions – accounting aspect	262
30. Zeca E. D. Skills – one of the most important asset in the future global business	271
31. Малюта Л. Я., Островська Г., Кузь Т. Intellectual provision of entrepreneurship innovative development in the knowledge-based economy conditions	277
32. Нагорняк Г. С., Шерстюк Р. П. Intellectual capital as a basis for competitiveness and stable functioning of enterprises of domestic machinebuilding enterprises: organizational and economic mechanism of its creation and application	286
33. Артеменко Л. Б., Нагорняк І. С. Organic agricultural products market in Ukraine: current situation and future development	299
34. Голич Н. В. Sensitivity of small business of Ukraine to dynamic changes of the global environment	305
35. Рогатинський Р. М., Дмитрів Д. В., Дмитрів О. Model of decision making in the formation of an individual tour	312
36. Балабаниць А., Гапонюк О. Peculiarities of management of strategic alliances in the field of tourism	319
37. Безверхнюк Т., Сенча І. Investment potential of recreation areas: essence, components, development strategies, methods of evaluation	329
МЕНЕДЖМЕНТ ТА МАРКЕТИНГ
38. Менеджмент та маркетинг	337
39. Андрушків Б. М., Гагалюк О., Кирич Н. Б., Погайдак О. Б. Reasons of vulgarism problems in management and business-ethics and ways of their solution	338
40. Метеленко Н. The models of dynamic risk management of entrepreneurial activity in the management system of industrial enterprise	346
41. Співак С. М., Королюк Т. М., Мазуренок О. Р. Risk identification, estimation and management as a tool to improve the competitiveness of the enterprise	360
42. Станкевич І., Сакун Г., Тардаскіна Т. The risk-oriented thinking concept in the quality management system of the educational organization	368
43. Онищенко О., Шишкін В. A study of the socio-demographic portrait of a social entrepreneur as a representative of modern management	378
44. Сороківська О. А., Луциків І. В., Шведа Н. М., Кужда Т. І. Social responsibility as a strategic orientation of modern business development	387
45. Любохинець Л., Бушовська Л., Поплавська О. Competitive advantages in the implementation of the corporate social responsibility strategy	398
46. Продіус О. Conceptual framework of disabled people’s social inclusion in the context of creating a harmoniously developed society	408
47. Періг І. М., Моначин І. Л. Management deformation of the personality as a key threat to successful management	415
48. Кислова Л., Горбашевська М. Optimal strategy determination for the hotel enterprise management	421
49. Пахомова Т., Рокотянська А. Marketing technologies for reforming state social policy as a mechanism of trust in authorities	431
50. Шумкова О., Шумкова В. Usage of matrix methods for developing the strategy of agricultural enterprise	437
ТЕХНОЛОГІЇ ТА ІННОВАЦІЇ
51. Технології та інновації	447
52. Вітенько Т. М., Мариненко Н. Ю., Лазарюк В. В., Шанайда В. В. The introduction of FabLab platforms as determinant of the Ukraine’s economy innovative development	448
53. Світлана Є. Innovative susceptibility in the conditions of Ukraine digital infrastructure development	465
54. Shkolnyk I., Semenog A. Formation of the digital economy theory in the works of N. Negroponte and D. Tapskott	472
55. Маркович І. Б., Струтинська І. В., Мельник Л. М., Дяків Л. Development of digital competencies in the conditions of social development informatization	484
56. Khare V. Internationalization of higher education: challenges and opportunities: a success story of Savitribai Phule Pune University	492
57. Крамар І. Ю., Ціх Г. В., Галущак І. Ukraine’s perspectives in Industry 4.0	505

Content

1. Editorial pages	1
2. Contents	5
3. Foreword	10
ECONOMICS
4. Economics	15
5. Pradeep K. Internationalization of higher education and it’s impact on economy: case of India and Poland	16
6. Stadnyk V., Sokoliuk G., Holovchuk J. Institutional component of competitiveness risks and development of socio-economic systems	28
7. Osipenko K., Omelchenko V., Omelchenko A. Development of the supply chain management concept under the conditions of global economic transformations	41
8. Lukianchuk O., Tkachuk T. Transformational processes of the country’s economic development	53
9. Zherdetska L. The interaction of monetary, macroprudential and fiscal policies	59
10. Panukhnyk O., Khymych H., Fedotova Y. Balanced development of regional economic systems on the basis of smart specialization: european experience and opportunities for Ukraine	69
11. Bakushevych I., Martyniak I., Goshchynska D. Socio-economic development of ukrainian regions in the context of european integration	77
12. Luchko M., Kilyar O., Adamska I. Value creation as the main principle of construction company efficient functioning	89
13. Lyubov H. Regression estimation of agricultural production of crops in the western region of Ukraine	97
14. Sheludko L., Koshkalda I., Popov A. Impact of shadow economy on food security of the country	103
15. Kalinina S., Mikhaylishin L., Korovchuk Y. Transformation aspects of the modern migration processes development in the system of labor economic provision	113
16. Shchyhelska H., Kryskov A., Chop T. Ukrainian labor migration: main trends and risks	120
BUSINESS & TOURISM
17. Business & tourism	130
18. Mahammad S. Business risks in the changing dynamics of ‘global village’ in the perspectives of Indo-Ukraine relations	131
19. Bećirović D., Kozarević E. Strategies for improving the competitiveness of frontier capital markets	157
20. Seretna-Sałamaj D., Szpara A. Some models of financial decisions	171
21. Khymych I., Podvirna T., Tymoshyk N. Banking activities assessment based on business models	184
22. Onyshchenko Y. The problem of digital bank business model identification	194
23. Pavlykivska O., Marushchak L. Functional imperatives and dominant ideas of digital accounting system development	203
24. Konstantiuk N., Vynnyk T. Peculiarities of formation and effective use of financial resources of the enterprise under modern conditions of management	211
25. Kremen V., Brychko M. Logit and probit model for prediction the financial health of insurance company	223
26. Malynych H., Bazhanova N. Status, trends and development of the life insurance market in Ukraine and in the world in conditions of financial globalization	233
27. Garmatiy N., Riznyk N., Garmatiy S. Economic analysis of activities of companies of Ukraine and Poland and clusterization of the insurance market of the national economy	244
28. Pobocha K., Fedyna V. Institutional principles of the funded pension system implementation	253
29. Kravchuk N., Bilous O., Synkevych N. Minimum wage and working under the table: issues and solutions – accounting aspect	262
30. Zeca E. D. Skills – one of the most important asset in the future global business	271
31. Maliuta L., Ostrovska H., Kuz T. Intellectual provision of entrepreneurship innovative development in the knowledge-based economy conditions	277
32. Nahorniak H., Sherstiuk R. Intellectual capital as a basis for competitiveness and stable functioning of enterprises of domestic machinebuilding enterprises: organizational and economic mechanism of its creation and application	286
33. Artemenko L., Nahorniak I. Organic agricultural products market in Ukraine: current situation and future development	299
34. Holych N. Sensitivity of small business of Ukraine to dynamic changes of the global environment	305
35. Rohatynskii R., Dmytriv D., Dmytriv O. Model of decision making in the formation of an individual tour	312
36. Balabanits A., Gaponiuk O. Peculiarities of management of strategic alliances in the field of tourism	319
37. Bezverkhniuk T., Sencha I. Investment potential of recreation areas: essence, components, development strategies, methods of evaluation	329
MANAGEMENT & MARKETING
38. Management & marketing	337
39. Andrushkiv B., Hahaliuk O., Kyrych N., Pohaidak O. Reasons of vulgarism problems in management and business-ethics and ways of their solution	338
40. Metelenko N. The models of dynamic risk management of entrepreneurial activity in the management system of industrial enterprise	346
41. Spivak S., Korolyuk T., Mazurenok O. Risk identification, estimation and management as a tool to improve the competitiveness of the enterprise	360
42. Stankevych I., Sakun G., Tardaskina T. The risk-oriented thinking concept in the quality management system of the educational organization	368
43. Onyshchenko O., Shyshkin V. A study of the socio-demographic portrait of a social entrepreneur as a representative of modern management	378
44. Sorokivska O., Lutsykiv I., Shveda N., Kuzhda T. Social responsibility as a strategic orientation of modern business development	387
45. Liubokhynets L., Bushovska L., Poplavska O. Competitive advantages in the implementation of the corporate social responsibility strategy	398
46. Prodius O. Conceptual framework of disabled people’s social inclusion in the context of creating a harmoniously developed society	408
47. Perih I., Monachyn I. Management deformation of the personality as a key threat to successful management	415
48. Kyslova L., Horbashevska M. Optimal strategy determination for the hotel enterprise management	421
49. Pakhomova T., Rokotianska A. Marketing technologies for reforming state social policy as a mechanism of trust in authorities	431
50. Shumkova O., Shumkova V. Usage of matrix methods for developing the strategy of agricultural enterprise	437
TECHNOLOGIES & INNOVATIONS
51. Technologies & innovations	447
52. Vitenko T., Marynenko N., Lazaryuk V., Shanaida V. The introduction of FabLab platforms as determinant of the Ukraine’s economy innovative development	448
53. Yermak S. Innovative susceptibility in the conditions of Ukraine digital infrastructure development	465
54. Shkolnyk I., Semenog A. Formation of the digital economy theory in the works of N. Negroponte and D. Tapskott	472
55. Markovych I., Strutynska I., Melnyk L., Diakiv L. Development of digital competencies in the conditions of social development informatization	484
56. Khare V. Internationalization of higher education: challenges and opportunities: a success story of Savitribai Phule Pune University	492
57. Kramar I., Tsikh H., Halushchak I. Ukraine’s perspectives in Industry 4.0	505