INSTITUTIONAL ASPECTS OF THE DEVELOPMENT OF UKRAINIAN-POLISH ECONOMIC CO-OPERATION IN THE CONTEXT OF CONTEMPORARY SECURITY CHALLENGES
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Abstract
The objective of this article is to delineate the array of fundamental institutional impediments that curtail the capacity for Ukrainian-Polish economic collaboration in the context of prevailing security challenges, and to formulate recommendations for addressing the identified concerns. The present study investigates the main trends, factors, and components of the development of Ukrainian-Polish economic relations under conditions of heightened global instability. This study focuses on institutional barriers, with a particular emphasis on their role in amplifying systemic risks for the economies of both countries. The article examines the drivers and manifestations of institutional dysfunctions impeding bilateral economic co-operation and analyses their impact in the context of Ukraine's European integration ambitions and the strategic priorities of bilateral collaboration. The research indicates an augmentation in the potential for trade and economic co-operation, as evidenced by actual indicators of mutual trade turnover that exceed the estimated thresholds derived from the gravitational model of bilateral economic attraction. The findings also demonstrate that the most significant institutional dysfunctions negatively affecting co-operation include opportunistic behaviour, institutional traps, information asymmetries, and institutional mutations and anomie. The global institutional context is a key area of focus, with particular attention paid to its implications for bilateral co-operation. The erosion of traditional international institutions has prompted a search for novel forms of institutional collaboration between Ukraine and Poland, both bilaterally and multilaterally. The study proposes directing strategic attention towards the institutional dimensions of Ukrainian-Polish co-operation in sectors such as agriculture, agri-food processing, transport and logistics, energy, defence and security. It identifies the diversification of institutional platforms for interaction among economic actors, government authorities at all levels and civil society institutions in both countries as the most effective tool for overcoming existing institutional barriers. The article argues that modernising governance instruments and reducing the negative impact of information asymmetries, mental stereotypes and social archetypes would reduce opportunistic behaviour and encourage greater engagement between business communities in Ukraine and Poland.
How to Cite
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global economy, security challenges, European integration, Ukrainian-Polish economic co-operation, institutional dysfunctions
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