THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLE
Objective. The article examines the possibilities for Ukraine's economic recovery in the post-war period, focusing on key areas of development such as infrastructure investment, foreign aid, attracting private capital, restoring industrial enterprises and creating innovative infrastructure in o...
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| Format: | Article |
| Language: | English |
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Izdevnieciba “Baltija Publishing”
2024-12-01
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| Series: | Baltic Journal of Economic Studies |
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| Online Access: | http://baltijapublishing.lv/index.php/issue/article/view/2640 |
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| author | Ivan Klopov Julia Ohrenych |
| author_facet | Ivan Klopov Julia Ohrenych |
| author_sort | Ivan Klopov |
| collection | DOAJ |
| description | Objective. The article examines the possibilities for Ukraine's economic recovery in the post-war period, focusing on key areas of development such as infrastructure investment, foreign aid, attracting private capital, restoring industrial enterprises and creating innovative infrastructure in old industrial regions. Special emphasis is placed on integration into European economic structures as a strategic direction that will contribute to economic stability and development. Methodology. The study is based on the analysis of scientific sources, international experience of post-war reconstruction, as well as the evaluation of economic indicators of Ukraine, which allows to determine the most effective approaches to the reconstruction and modernisation of the economy. Various aspects of infrastructure restoration, in particular transport and energy infrastructure, necessary to meet the basic needs of the economy and increase its productivity, are assessed. The results suggest that investment in critical infrastructure, such as transport and energy, can significantly accelerate recovery and lay the foundations for sustainable economic growth. Support from the international community and financial assistance will help stabilise the economy in the short term, while long-term structural reforms and industrial modernisation will increase competitiveness and ensure integration into European markets. The creation of innovation clusters in old industrial regions can also contribute to regional development and reduce economic disparities. Practical consequences. The proposed approaches have the potential to inform state policy in the field of post-war reconstruction, the promotion of attraction of international investments, the development of industrial and innovation clusters, and the expansion of co-operation with European partners. The importance of structural reforms lies in the creation of a favourable investment climate and the improvement of governance processes, which are critical for sustainable economic development. Value / Originality. The article proffers a comprehensive approach to the recovery of Ukraine, with a focus on contemporary economic realities and the potential of European integration. The article's uniqueness lies in its emphasis on establishing long-term conditions for sustainable development through a novel rethinking of industrial zones. This approach will enable Ukraine to not only recover from the war but also ensure sustainable economic growth in the future. |
| format | Article |
| id | doaj-art-8b4687cf274f476b9ef9b54de0c10151 |
| institution | Kabale University |
| issn | 2256-0742 2256-0963 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Izdevnieciba “Baltija Publishing” |
| record_format | Article |
| series | Baltic Journal of Economic Studies |
| spelling | doaj-art-8b4687cf274f476b9ef9b54de0c101512025-02-10T12:08:18ZengIzdevnieciba “Baltija Publishing”Baltic Journal of Economic Studies2256-07422256-09632024-12-0110518419110.30525/2256-0742/2024-10-5-184-1912640THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLEIvan Klopov0Julia Ohrenych1Zaporizhzhia National University, Ukraine (corresponding author)Zaporizhzhia National University, UkraineObjective. The article examines the possibilities for Ukraine's economic recovery in the post-war period, focusing on key areas of development such as infrastructure investment, foreign aid, attracting private capital, restoring industrial enterprises and creating innovative infrastructure in old industrial regions. Special emphasis is placed on integration into European economic structures as a strategic direction that will contribute to economic stability and development. Methodology. The study is based on the analysis of scientific sources, international experience of post-war reconstruction, as well as the evaluation of economic indicators of Ukraine, which allows to determine the most effective approaches to the reconstruction and modernisation of the economy. Various aspects of infrastructure restoration, in particular transport and energy infrastructure, necessary to meet the basic needs of the economy and increase its productivity, are assessed. The results suggest that investment in critical infrastructure, such as transport and energy, can significantly accelerate recovery and lay the foundations for sustainable economic growth. Support from the international community and financial assistance will help stabilise the economy in the short term, while long-term structural reforms and industrial modernisation will increase competitiveness and ensure integration into European markets. The creation of innovation clusters in old industrial regions can also contribute to regional development and reduce economic disparities. Practical consequences. The proposed approaches have the potential to inform state policy in the field of post-war reconstruction, the promotion of attraction of international investments, the development of industrial and innovation clusters, and the expansion of co-operation with European partners. The importance of structural reforms lies in the creation of a favourable investment climate and the improvement of governance processes, which are critical for sustainable economic development. Value / Originality. The article proffers a comprehensive approach to the recovery of Ukraine, with a focus on contemporary economic realities and the potential of European integration. The article's uniqueness lies in its emphasis on establishing long-term conditions for sustainable development through a novel rethinking of industrial zones. This approach will enable Ukraine to not only recover from the war but also ensure sustainable economic growth in the future.http://baltijapublishing.lv/index.php/issue/article/view/2640infrastructure reconstructioneconomic growthinvestmentstructural reformsmilitary lossessustainable development |
| spellingShingle | Ivan Klopov Julia Ohrenych THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLE Baltic Journal of Economic Studies infrastructure reconstruction economic growth investment structural reforms military losses sustainable development |
| title | THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLE |
| title_full | THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLE |
| title_fullStr | THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLE |
| title_full_unstemmed | THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLE |
| title_short | THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLE |
| title_sort | model of economic recovery of ukraine in the post war period the strategy of the economic miracle |
| topic | infrastructure reconstruction economic growth investment structural reforms military losses sustainable development |
| url | http://baltijapublishing.lv/index.php/issue/article/view/2640 |
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