ECONOMIC DEVELOPMENT: PROSPECTS FOR GROWTH AND TODAY’S REALITIES

##plugins.themes.bootstrap3.article.main##

##plugins.themes.bootstrap3.article.sidebar##

PDF
Published: Aug 1, 2019
https://doi.org/10.30525/2256-0742/2019-5-3-67-70

  Oksana Yoltukhovska

  Yulia Grudtsyna

  Oleksandr Chumak

Abstract

The aim of the article is to analyse the current state of the economy, to review positive and negative trends for further economic growth, and to determine an effective strategy for the development of the economy on this basis. The subject of the study is economic development, prospects for development and the realities of the present. Methodology. The analysis of scientific literature enables to analyse the current economic status and to determine strategic priorities and goals of economic development; in addition, the dialectical method, scientific abstraction, methods of system analysis are used. The results of the study reveal that the implementation of foreign experience during the development of the national economy enables to solve a number of key economic problems that hinder the development of the national economy. The main positive stages of economic development over the last five years are outlined. The study states that an increase in the share of high-tech and innovation sector requires a complex structural transformation of the economy at present. Practical implications. Moreover, the status and determining trends of economic development, considering threats and risks associated with crisis processes in the modern world, are analysed. The main principles of the formation and implementation of the economic development strategy based on the coordination of strategic priorities and strategic objectives of the EU, as well as the need to reform the economic sector to improve promising spheres of the economy, are determined. Relevance/ originality. The study reveals the state of affairs in the economic system, as well as promising trends of the economy, are identified and further developed.

How to Cite

Yoltukhovska, O., Grudtsyna, Y., & Chumak, O. (2019). ECONOMIC DEVELOPMENT: PROSPECTS FOR GROWTH AND TODAY’S REALITIES. Baltic Journal of Economic Studies, 5(3), 67-70. https://doi.org/10.30525/2256-0742/2019-5-3-67-70
Article views: 529 | PDF Downloads: 331

##plugins.themes.bootstrap3.article.details##

Keywords

economy, economic development, innovation development, European integration, foreign experience

References

Mohilevskyi, L. V., Sevruk, V. G., Pavlenko, S. O. (2017). Psycho-pedagogical training of operating unit workers of national police of Ukraine. Nauka i оsvita, 11, 120–132.

Melnykova, V. I. et al. (2011). Natsionalna ekonomika [National economy] (Teaching manual). Kyiv: Center for Educational Literature. (in Ukrainian)

Pavlenko, S. O., Sevruk, V. G., Kobko, Ye. V. (2017). Training police officers in the conditions of reforming the system of education of the Ministry of Internal Affairs of Ukraine in accordance with European Standards. Nauka i osvita, 6, 142–150.

Bahaterenko, O. A. (2013). Problemy ta perspektyvy yevropeyskoi intehratsii Ukrainy [Problems and prospects of European Integration of Ukraine]. Naukovyi visnyk Instytutu mizhnarodnykh vidnosyn NAU. Seriia: ekonomika, pravo, politolohiia, turyzm, 1(1). Retrieved from: http://jrnl.nau.edu.ua/index.php/IMV/article/view/5915 (in Ukrainian)

Ruden, V. V. Perspektyvy ta priorytety rozvytku sotsialno-ekonomichnoi systemy Ukrainy [Prospects and priorities of the development of the socio-economic system of Ukraine]. Retrieved from: http://intkonf.org/ruden-vvperspektivi-taprioriteti-rozvitku-sotsialno-ekonomichnoyi-sistemi-ukrayini/ (in Ukrainian)

Yunin, O., Sevruk, V., Pavlenko, S. (2018). Priorities of economic development of Ukraine in the context of European integration. Baltic Journal of Economic Studies, 4(3), 358–365. doi: 10.30525/2256-0742/2018-4-3-358-365

Vidnosyny mizh YeS ta Ukrainoiu: informatsiina dovidka [EU-Ukraine Relations: Information Note]. (March 6, 2018). Retrieved from: https://eeas.europa.eu/headquarters/headquartersHomepage/29685/node/29685_uk (in Ukrainian)

Kvasha, O. S., Syniakova, A. V. (2019). Ukraina ta YeS: problemy ta perspektyvy intehratsii v suchasnykh umovakh [Ukraine and the EU: Problems and perspectives of integration in modern conditions]. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu, 23(1), 112–117. (in Ukrainian)

Lutsykiv, I. V. (2010). Innovatsiina diialnist v Ukraini: realii sohodennia ta perspektyvy rozvytku [Innovation activity in Ukraine: Realities of the present and prospects of development]. Innovatsiina ekonomika, 8, 22–26. (in Ukrainian)

Todoshchuk, A. V. Ukraina v intehratsiinykh protsesakh: ryzyky ta perevahy [Ukraine in integration processes: risks and advantages]. Retrieved from: http://molodyvcheny.in.ua/files/journal/2017/5/168.pdf (in Ukrainian)

Pro Stratehiiu staloho rozvytku "Ukraina – 2020" [On the Strategy of Sustainable Development "Ukraine 2020"]. Retrieved from: http://zakon.rada.gov.ua/laws/show/5/2015 (in Ukrainian)

Kalachova, H. Kabmin prorakhuvav stsenarii rozvytku ekonomiky na 2019-2021 roky [The Cabinet of Ministers has calculated the scenarios of economic development for 2019–2021]. Retrieved from: https://www.epravda.com.ua/news/2018/07/11/638606/ (in Ukrainian)

Shkurupii, O. V. (2014). Chynnyky dynamiky ekonomiky Ukrainy ta natsionalnoi konkurentospromozhnosti [Dynamics factors of Ukraine’s economy and national competitiveness]. Problemy ekonomiky, 2, 89–94. (in Ukrainian)

Zvieriakov, M. I. (2015). Pro zminu modeli ekonomichnoho rozvytku [On changing of economic development model]. Ekonomika Ukrainy, 6(643), 41–49. (in Ukrainian)

Mazaraki, A., Melnyk, T. (2011). Suchasni tendentsii ta chynnyky rozvytku zovnishnoi torhivli Ukrainy [Modern trends and factors in the development of foreign trade of Ukraine]. Visnyk Kyivskoho natsionalnoho torhovelnoekonomichnoho universytetu, 2, 5–14. (in Ukrainian)

Issue
Vol. 5 No. 3 (2019): Baltic Journal of Economic Studies