Open AccessUkraine in the world: socio-economic dimension
Author(s) -
А. Ю. Мунько,
Мирослав Трещов
Publication year - 2020
Publication title -
naukovij vìsnik dnìpropetrovsʹkogo deržavnogo unìversitetu vnutrìšnìh sprav
Language(s) - English
Resource type - Journals
ISSN - 2078-3566
DOI - 10.31733/2078-3566-2020-2-327-335
Subject(s) - ukrainian , purchasing power , economics , debt , real gross domestic product , economic power , gross domestic product , purchasing power parity , position (finance) , economic policy , monetary economics , macroeconomics , finance , political science , politics , exchange rate , philosophy , linguistics , law
The article emphasizes that the issue of Ukrainian socio-economic development trends under globalization. Indicators of socio-economic development of Ukraine are analyzed on the basis of national statistical, financial and budgetary reports, data of the International Monetary Fund and the World Bank. The dynamics of such indicators over a period of 5 – 10 years, as well as the projected indicators for 2020 – 2023, are traced. Dynamic of GDP in constant prices has shown the results of relatively successful 2017 – 2019 formation of the upward period of the economic cycle which was characterized by moderate growth of real GDP within 3%. Ukraine is likely to be able to sustain such growth rates without significant upheavals, with a well-designed and reasonably stimulated economy. GDP by purchasing power parity for most European countries has shown a disappointing tendency. Ukraine has been among the outsiders for a long time (below – Moldova). Ukraine will continue to occupy the last positions in terms of economic development compared to other European countries despite the IMF's positive outlook for a steady increase in purchasing power. It is important to focus on improving financial and monetary policy, in particular, reducing and maintaining debt at the level acceptable by the Budget Code of Ukraine at 60% of GDP. In previous years, the share of debt in GDP reached a record 80% for Ukraine which violated the rules of the current legislation. Monetary policy should be aimed at improving the conditions for doing business, which will allow Ukraine to improve its position in the global ratings of competitiveness and ease of doing business. The most representative global indices are investigated and the positions of the state in world and European rankings are analyzed. There are: KOF Globalization Index, Corruption Perceptions Index, The Global Competitiveness Index, Ease of Doing Business, Global Innovation Index and E-Government Development Index, World Happiness Index. The basic tendencies of socio-economic development of Ukraine, risks and ways of their minimization are determined.