Economic Globalisation As A Source Of Ukrainian Economic Growth

Inhaltsangabe:Abstract: The object of the research is the national economy of Ukraine. The subject of the thesis is the economic growth under conditions of globalization. The purpose of the research is to identify the impact of globalization factors on the economic growth of Ukraine and to develop on this basis main guidelines for foreign economic policy which needs improving. Research techniques are the method of logical abstraction, systematic approach, historical method, deductive method, monographic method, comparative approach, typology, economic and statistical analysis, retrospective analysis, econometric methods such as regression analysis, least squares method and methods of testing statistical hypothesis. The actual data for this paper are based on official Ukrainian and foreign statistical databases including State committee of Statistics of Ukraine (SCSU), National Bank of Ukraine (NBU), International monetary fund (IMF), World Bank (WB), committees of United Nations organization, World trade organization (WTO), the US National bureau of economic research (NBER), Ukrainian and foreign publications, proceedings of international conferences. All econometric computations are performed by means of EVeiws and MS Excel software. In the issue of the research globalization indicators influencing economic growth in Ukraine are developed. They include openness of Ukrainian economy to trade in goods and services (general and according to its structure), openness to financial globalization (FDI and portfolio investment flows, external debt, and international reserves as a share of GDP), growth rates of world and Russian GDP, world price indexes on oil and metals, index of economic freedom of Ukraine. The impact of these indicators on economic growth is defined and mathematically proven. Of all abovementioned indicators the following proved to be statistically significant: openness to trade in ferrous and non-ferrous metals, in machinery, in services, growth rates of Russian GDP and world oil price index. These results show that main orientations of foreign economic policy of our country should be differentiation of foreign trade structure, development of market institutions, improvement of FDI attracting schemes, development of equity market and sever restriction of shadow economy. Inhaltsverzeichnis:Table of Contents: ACKNOWLEDGEMENTSvii LIST OF SYMBOLSviii INTRODUCTION2 1.THE NATURE OF ECONOMIC GLOBALIZATION AND ITS CONSEQUENCES FOR [...]

When Poland and Ukraine introduced their political, social and economic system reforms at the beginning of the 1990s, both economies were at a similar level of economic development (GDP $9,500 per capita). However, in 2018, Ukrainian GDP per capita had remained at the same levels since 1991, while in Poland, it had increased significantly, to more than $27,000 per capita. This book assesses the reasons for the growing gap between the level of economic development in Ukraine and Poland. It examines the course of events and evaluates the effectiveness of the system transformations, both in the context of the economy, as a whole, and in individual regions (Polish ‘voivodeships’ (provinces) and Ukrainian ‘oblasts’). It also analyzes the consequences of the 2008–2009 Ukrainian-Russian gas conflict and 2013–2014 Euromaidan events for the Ukrainian economy. Additionally, the authors offer an insight into the migration movements, which have recently been observed in Poland and Ukraine. This is the first comprehensive, comparative analysis concerning the spatial diversification of economic development in these two countries, and the authors highlight the ways in which these reforms have proved effective in Poland and hardly effective in Ukraine. This analysis helps to identify the basic interrelations between the core macroeconomic variables at the regional level and the impact of political events from both a national and regional perspective. The book will appeal to academics, researchers and policy makers interested in the economic and political changes in these two countries, in a comparative setting and on national and regional levels, as well as those working on issues of EU integration.

by Anatoliy Kinakh, Prime Minister ofUkraine After a deep and long-lasting recession, the Ukrainian economy has for the past two years demonstrated some very positive dynamics in its quantitative development indicators. This is essentially the result of reforms, which still require to be consolidated in order to engage the factors and mechanisms capable of ensuring long-term qualitative and sustainable development in our economy. How do we ensure sustainable growth, and realise the improvements in the main macroeconomic indicators together with serious and complex improvements at the micro-level, which would allow us to achieve the urgently needed shifts in the social sphere? These actual problems are the main priorities of macroeconomic policy. Furthermore, the search for solutions to these problems of our transitional economy requires profound scientific analysis. The following presentations made at the Conference on "Factors of Economic Growth in Ukraine" are serious scientific contributions by prominent economists in this field.

"The government deficits that have played such a prominent role in Ukraine's continued economic decline reflect in large measure the fact that government has been slow to relinquish the role it played during the Soviet era." Since independence, Ukraine has suffered one of the most severe economic declines of any country in this century. While other transition countries in the region successfully replaced their old command economies with market economies, Ukraine continued to protect unprofitable enterprises to preserve employment and income levels. To support this strategy, the government has borrowed more money than it takes in and, at the same time, competes with private enterprise domestically for credit. As Ukraine's economic foundations proceed to crumble, the Ukrainian Government. the World Bank, and the International Center for Policy Studies in Kyiv examined the issues surrounding the crisis. The group analyzed the data and policy studies that were prepared by various Ukrainian and World Bank teams of experts and formulated recommendations for strategies to stem the growing tidal wave of economic collapse now threatening Ukraine. This report presents the issues that are creating these crises and outlines a course to prevent a crash. This report will be of interest to government agencies, economists, bankers, and academics.

Ukraine is without doubt geographically a part of Europe. And yet, the integration process into international and European structures, which Ukraine has consistently pursued since its independence in 1991, is not firmly anchored in the perceptions of either Ukrainians or most international observers. To many Ukrainians the road to Europe is synonymous with membership in the EU or at least with a treaty of association. To travel this road, however, Ukraine will have to first mobilise its economic potential by accelerating and intensifying the process of transformation and by opening its economy. In this volume the authors - German advisors to the Ukrainian Government, researchers and politicians from neighbouring countries and representatives of European institutions - provide proposals for the reform of the Ukrainian economy that will help it move closer to Europe. Europe is many things - certainly more than the EU, and certainly Ukraine is part of it.

This publication reviews the major turning points in the history of economic integration, and in particular the pace at which it has accelerated since the 1990s. It also considers its impact in four crucial areas, namely employment, development, the environment and financial stability.

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.