Innovative forms of international business

Abstract

The paper deals with the main forms of international business. There were analyzed peculiarities of such forms functioning in different countries, and also there was done comparison of the international innovative structures operation. The paper researches the international experience for the domestic economy concerning the organization of business structures as well as the opportunity to implement them in Ukraine. International business, as a sphere of human activity, provides international exchange of goods, services, scientific and technological, industrial cooperation both internationally and domestically. The international business is conducted through international transactions. It is an entrepreneurship where the firms from different countries jointly participate in using international capital. The innovative forms of entrepreneurship have gained significant importance for the international business development. First of all, innovative structures help to activate international relations among the entrepreneurs from different countries, then facilitate the firms’ access to the international market and increase intensity of international technology transfer, services and experience. Using international experience to successfully build innovative business structures is important for Ukraine, because the field is just beginning to develop in domestic economy, that is why this study is a promising range of issues.