A Study of the Effect of Resource Efficiency on the Economic Development in the Countries that Are Leaders of "Green" Modernization

Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 4

Abstract

The United Nations Organization has pointed out the key role of industrialization and a new industrial policy for ensuring structural reorganization and potential economic growth. Measures and incentives for efficient use of natural resources, as it was proven, tend to produce a positive effect on the economic parameters in numerous countries and are given substantial attention in their reform packages. This must be a top priority for Ukraine, considering its severe resource constraints and a challenging situation in the Eastern regions The objective of the work consists in studying the factors promoting growth in the GDP resource efficiency and their connection with the policy of greening the economies used in the EU countries,as well as proposing solutions for Ukraine. Such factors were analyzed for Great Britain and the Netherlands, certain steps were proposed for Ukraine, in particular, development of a State Policy Framework and plan of action aimed at a "green" economy, incentives for efficient use of resources, including fairer prices for natural resources, varied waste disposal fees, changes in the tax policy and state procurement favoring resource efficiency and eco-innovation.

Authors and Affiliations

Ludmyla Musina, Tetiana Kvasha

Keywords

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  • EP ID EP116713
  • DOI -
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How To Cite

Ludmyla Musina, Tetiana Kvasha (2014). A Study of the Effect of Resource Efficiency on the Economic Development in the Countries that Are Leaders of "Green" Modernization. Проблеми економіки, 2014(4), 53-61. https://europub.co.uk/articles/-A-116713