Globalisation and Regulatory Strategies: Adapting to Changes in International Business
Authors:   PhD in Economics, Associate Professor, Postdoctoral Researcher, Department of International Economic Relations and Business, Faculty of International Relations, National Aviation University, Kyiv, Ukraine., Morozov Volodymyr , Domrachov Andrii ,   PhD Student in Marketing, Interregional Academy of Personnel Management, Kyiv, Ukraine., Kharchenko Oleksii ,   Associate Professor of Department National Security, Public Administration and Administration, Faculty of National Security, Law and International Relations, Department of National Security, Public Management and Administration, Zhytomyr Polytechnic State University, Zhytomyr, Ukraine., Bilousova Anastasiya ,   PhD in Economics, Associate Professor of Department of International Economic Relations and Tourism, Educational and Research Institute of Finance, Economics, Management and Law, National University “Yuri Kondratyuk Poltava Polytechnic”, Poltava, Ukraine., Horiunova Kateryna ,   PhD in management Junior researcher, Department of Business and Rural Development Management, Faculty of Bioeconomy Development Vytautas Magnus University, Kaunas, Lithuania.,   Associate professor, Department of Marketing and Tourism, Educational and Scientific Institute of Management Mariupol State University, Ukraine.
Published: September 2024

This article examines the interrelations between globalisation, economic development, and ecological sustainability. It analyses the role of financial innovations in promoting sustainable development and focuses on strategies that help companies adapt and thrive in the face of globalisation, turning challenges into opportunities. Given the complexity of the global business environment, success on the international level depends not only on the speed of changes but also on compliance with various regulatory standards. Regulatory strategies are crucial for mitigating risks and leveraging new opportunities. Therefore, companies must have a thorough understanding of their internal processes and the external regulatory and political environment. The research suggests that the integration of advanced financial instruments and effective political strategies can optimise the impact of globalisation, fostering economic growth and ecological sustainability. It is important to maintain a balanced and objective tone when presenting research findings. The importance of further analysing mechanisms for regulating globalisation processes and developing innovative financial instruments to stimulate environmentally sustainable investments is underscored, emphasising the need for international cooperation and adaptation to climate change. The study concludes that achieving harmony between economic progress and environmental protection requires economic measures, such as carbon taxes and emission quota systems, that embody the principle of pollution responsibility. Legislative initiatives that set limits on emissions and regulate resource use, as well as voluntary initiatives such as corporate social responsibility programs and eco-production criteria, are also necessary. The range of approaches reflects different methods of implementation, levels of compulsion, and stakeholder involvement. The implementation of a particular strategy depends on the economic context, political climate, level of public awareness, and technical readiness of a given country or region.