SOCIO-ECONOMIC RISKS OF A FULL-SCALE WAR OF THE RUSSIAN FEDERATION AGAINST UKRAINE AND STABILIZATION MEASURES TO OVERCOME THEM IN THE CONTEXT OF THE INITIATIVES OF THE PRESIDENT OF UKRAINE
Journal: University Economic Bulletin (Vol.0, No. 57)Publication Date: 2023-05-26
Authors : Yevhenii Kostyk; Anatolii Ovsiienko;
Page : 113-120
Keywords : russia's war against Ukraine; President of Ukraine; domestic politics; loss of human capital; reduction of production; humanitarian and social issues;
Abstract
The subject of the study is: socio-economic risks of a full-scale war of the russian federation against Ukraine and stabilization measures to overcome them in the context of the initiatives of the President of Ukraine. The purpose of the scientific article is to conduct a study of socio-economic problems caused by the full-scale war of the russian federation against Ukraine and stabilization measures to overcome them, taking into account the Presidential initiatives. Research methods. All research components are based on the main principles - scientificity, objectivity, systematicity, development, as well as methods of learning socio-economic processes of social development – analysis, synthesis, problem-chronological, comparative-analytical, statistical, systematic and complex approach. Work methodology. In the process of researching the specified issues, the following were taken as a basis: the main provisions of economic theory and the national economy, the work of domestic scientists and practitioners in the specified field, scientific and analytical intelligence of the Center for Economic and Social Research at the National Institute of Strategic Studies. Work results. The main scientific result of the study is the study of socio-economic risks of a full-scale war of the russian federation against Ukraine and stabilization measures to overcome them in the context of the initiatives of the President of Ukraine. Field of application of results. The results of this study can be applied in the field of studying the problems of political economy, national and regional economy, global economy. Conclusions. So, based on the context of our research, we can draw the following conclusions, that the full-scale war of the russian federation against Ukraine contributed to: loss of human capital; reduction of production; due to hostilities, the agricultural sector lost part of the harvest; destruction of logistics chains and part of the transport infrastructure; shortage of energy resources, and this, in turn, had a negative impact on the production and social spheres; increase in the cost of production processes; inflation; reduction of aggregate demand and reduction of commodity exports; stagnation of investments, which led to the loss of financial resources of enterprises; an increase in the deficit of the state budget and the state debt, due to an increase in spending on defense and social needs; bank lending decreased. However, taking into account the balanced socio-economic policy of all branches of state authorities, and in particular the President of Ukraine, and the support of foreign partners, it was possible to prevent the fall and stabilize the key sectors of the economy.
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