FAILURES OF THE UKRAINIAN ECONOMY AND USING THE EXPERIENCE OF THE EUROPEAN INTEGRATION OF NEIGHBOURING COUNTRIES TO OVERCOME THEM
Journal Title: Baltic Journal of Economic Studies - Year 2018, Vol 4, Issue 4
Abstract
Introduction. The most important task of every state is ensuring of citizens’ welfare continuous growth. For centuries, the most famous economists of the world devoted their researches to this issue; they have substantiated the theoretical aspects and have given the practical recommendations for the effective management of national economies. However, using these recommendations, one should be aware that during the last two centuries in the organization and operation of complex economic systems, which are national economies, the significant changes associated with globalization and monopolization of markets, and strengthening the role of the state took place. Purpose of the study. In the article, the reasons that led to the deepening of the gap between Ukraine and mature economies over the last twenty-five years are researched, and it was proposed to use the experience of the European integration of neighbouring countries to overcome them. Results. It is substantiated that the cause of periodic recession of the Ukrainian economy in the nineties of the XX and early XXI century is neglecting of changes that have occurred in the laws of complex economic systems development in the XX century, the loss of state control over social and economic processes in the country, insufficient financing of scientific researches, and implementation of new technologies. It is shown the discrepancy in actions of the National Bank of Ukraine, the Ukrainian government and demands of the national economy for loans. Conclusion. In order to eliminate these causes and providing dynamic development of Ukraine, it is suggested to use the experience of the European integration of neighbouring countries, to create a favourable legal and tax climate to attract foreign and domestic investment, strengthen law enforcement activities for the unshadowing of the national economy, provide structural transformation of cost-inefficient and unprofitable industries, improve the system of taxation entities and persons incomes, ensure equitable distribution of incomes in the country. It is recommended to increase spending on state funding for science and innovation, and implement a set of measures in order to make loans available to local manufacturers and consumers.
Authors and Affiliations
Volodymyr Boreiko, Olha Mitchuk
Keywords
Related Articles
- EP ID EP477750
- DOI 10.30525/2256-0742/2018-4-4-50-55
- Views 76
- Downloads 0
PUBLIC ADMINISTRATION OF ECONOMIC DEVELOPMENT IN THE CONTEXT OF THE INSTITUTIONAL THEORY
One of the priorities of socio-economic reform in Ukraine is the modernization of the structure of the national economy and its growth. An effective structure of the economy, which will correspond to a socially oriented...
ANALYSIS OF TRENDS AND PROSPECTS FOR DEVELOPMENT OF EXPORT AND IMPORT OF GOODS AND SERVICES BY ENTERPRISES OF UKRAINE AT THE REGIONAL LEVEL
International economic relations at the level of export and import of goods and services have a significant impact on the development of the economy of each country. At the same time, the export of goods and services by...
ADMINISTRATIVE AND LEGAL PRINCIPLES OF ACTIVITIES OF TAX AUTHORITIES IN UKRAINE AND EU MEMBER COUNTRIES: COMPARATIVE LEGAL ANALYSIS
The aim of the article is a comparative legal analysis of the administrative and legal principles of activities of tax authorities in Ukraine and EU member countries, including the consideration of structural subordinati...
STATUS OF THE TAXPAYER IN A TAX LEGAL MECHANISM
The aim of the article. The theoretical and legal bases of a taxpayer in the tax legal mechanism are considered. A comparative legal study of legal regulations that determine the place of the taxpayer in the tax legal me...
PROSPECTS OF DEVELOPMENT OF INSURANCE MEDIATION IN UKRAINE
The purpose of the paper is to explore prospects for the development of insurance mediation in Ukraine in line with the key vectors of the dynamics of the insurance mediation institute in Europe. The objectives of the ar...