PERSPECTIVE DIRECTIONS FOR THE DEVELOPMENT OF UKRAINIAN ANTI-CRISIS STRATEGY IN MODERN CONDITIONS OF AGGRAVATION OF THE SOCIO-ECONOMIC SITUATION

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PERSPECTIVE DIRECTIONS FOR THE DEVELOPMENT OF UKRAINIAN ANTI-CRISIS STRATEGY IN MODERN CONDITIONS OF AGGRAVATION OF THE SOCIO-ECONOMIC SITUATION

Journal Title: Baltic Journal of Economic Studies - Year 2017, Vol 3, Issue 3

Abstract

The article explores the prospects for the development of Ukraine’s anti-crisis strategy in the current conditions of aggravation of the socio-economic situation. The urgency of the researched subject – namely, the study of the potential directions for the development of the anti-crisis tools of Ukrainian state policy – is determined primarily by the seriousness of the problem, which should be overcome by means of these methods. The purpose of the article is to identify promising tools and mechanisms for an anti-crisis policy that can make a significant contribution to improving the current state of the socio-economic sphere in Ukraine. Its subject is anti-crisis tools and instruments, which could be used in Ukrainian scenario. It is noted that our state is at the stage of the permanent crisis and suffers from the consequences of both global and local crisis phenomena. The scientific novelty of the article is determined by the combination of economic, social, political, and legal approaches to the study of the current state of the Ukrainian economy. The methodology of the research is formed by the combination of economic and political methods of scientific activities, which are based on the principles of objectivism and systematic approach. The findings of scientific research and recommendations of some Ukrainian scientists regarding the necessary anti-crisis tools are considered as the sources for the article. The results of the study show that Ukraine suffers from a series of systemic problems and challenges, which are the main threat to the stability of the national economy. Among the most influential of them we can identify the low level of incomes of citizens, which is associated with the devaluation of the national currency and the increase in utility tariffs; high level of unemployment; shortage of foreign and domestic investments; the decline in production and exports, caused both by military operations in the Donbas and the loss of the Russian market, and by the absence of a targeted government industrial and trade policy; energy dependence and technological primitivization of production; corruption, and inefficiency of public administration. Ukraine needs a deep modernization. From the social and economic points of view, this means settlement of three interrelated problems, namely, the modernization of the state economic policy, the production and technological base of the economy, and the system of social protection of the population. The formation of the post-crisis model of development in Ukraine should be aimed at eliminating defects in the mechanism of functioning of the national economy, which were accumulated during the years of state independence, and carrying out systemic reforms in all spheres of public life. At the same time, we should take into account the absence of a universal example of an anti-crisis program, which will peremptorily correspond to Ukrainian realities; the need to implement unpopular but effective anti-crisis measures; long terms, which are necessary to overcome the crisis. As conclusions, we should stress out that Ukraine in modern conditions must solve a dual task. On the one hand, Kyiv must create a powerful national economic complex. At the same time, this process must be accompanied by the organic integration of the national economy into the World and European labour markets. It is necessary to emphasize that these issues should be solved in the economic and social sphere, not on the basis of a momentary political background. Ukraine should develop and implement an institutional-market model of economic recovery based on the priority of its own national interests. Such an approach will help to implement the anti-crisis strategy in practice and, as a result, will help our state to occupy a worthy place in the modern globalized world.

Authors and Affiliations

Yuriy Schedrin

Keywords

EP ID EP497526
DOI 10.30525/2256-0742/2017-3-3-77-85
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