Globalization and regulatory management strategies: adapting to changes in international business

Abstract

<p>Introduction: Global integration is a way of modernising and transforming economic processes, mitigating the risks of technical and technological backwardness, actively integrating foreign investment, and increasing the competitiveness of producers of goods and services in connection with access to global markets and creating new jobs. Objectives: The study aims to analyse strategies that allow businesses to operate effectively in the unstable environment of globalised development. Methods: Various methods of coercion and stakeholder engagement are analysed. Results: This article reveals adaptation strategies in the international business environment in the context of globalisation and regulatory dynamics. The study examines modern concepts of the relationship between globalisation, economic development and environmental sustainability. The functionality of financial innovations in promoting sustainable development is studied. Particular attention is paid to companies' adaptation strategies to new challenges that successfully transform into opportunities. The potential for comprehensive integration of innovative financial instruments and political strategies in the context of globalisation that promote sustainable development is substantiated. The necessity of international cooperation to harmonise the balance between economic progress and responsibility for pollution is highlighted. Conclusions: The author examines legislative initiatives and corporate social responsibility programmes in pollution. It is proved that the effectiveness of a particular strategy is determined by the political and economic context, the level of innovation and technological development, and public awareness of regulatory strategies and globalisation.</p>