UKRAINE: DIFFICULT STEPS TO EUROPE

  • Anatolii Zadoia Alfred Nobel University; Department of International Economic Relations and Economic Theory
  • Oleksandr Zadoia Alfred Nobel University; Department of International Economic Relations and Economic Theory
Keywords: economic crisis, deindustrialization, values, import substitution, public debt

Abstract

The article is devoted to the analysis of the main problems faced by the Ukrainian economy over the years of independence. Despite the presence of many advantages, Ukraine did not become the world leader in terms of economic development. Moreover, there is a threat that the country can leave a group of countries with an average level of development. Thus, it is crucial to answer the following questions. Why did Ukraine lose even what it had by the early 1990s? What are the current prospects for the further development of the country and how are the problems of higher education related to this? Deindustrialization, import substitution, and public debt are particularly highlighted as current problems of economic development of Ukraine. The proposals on overcoming the analyzed problems are substantiated. The analysis showed the presence of very complex problems in the Ukrainian economy, which are not only the result of the modern stage of development, but also go back to the 90s. Their solution requires an integrated approach, including the improvement of a development strategy for the next 10­20 years. The proposed solutions are based on a strategy of accelerating the repetition of the path that other countries have already chosen. Furthermore, the solution should be sought in decision­making aimed at the predominant development of those sectors of the economy in which Ukraine can really be a world leader.

Published
2019-12-15
How to Cite
Zadoia, A., & Zadoia, O. (2019). UKRAINE: DIFFICULT STEPS TO EUROPE. Journal of Modern Economic Research, 1(4), 57-76. Retrieved from https://www.denakyrpublishing.science/index.php/jmer/article/view/22
Section
Articles