Іnnovative Development of Ukraine in Conditions of Transformational Changes
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.77, No. 3)Publication Date: 2024-09-23
Authors : O. Shevchuk O. Klymovych;
Page : 130-139
Keywords : innovation; innovation development; Ukraine; transformational change; macroeconomics; microeconomics; public policy;
Abstract
The study explores the innovative development of Ukraine under transformational changes, with a focus on political, economic, and social challenges. The analysis identifies critical issues stemming from military aggression, including damaged infrastructure, disrupted supply chains, and resource scarcity, which hinder innovation. Key challenges, such as funding constraints and workforce displacement, are highlighted, emphasizing their impact on the innovation ecosystem. The research evaluates global and regional innovation indices, comparing Ukraine's performance with leading and transitional economies. The findings reveal a significant decline in Ukraine's global innovation ranking due to economic instability and structural challenges. However, the study notes the resilience of certain sectors, such as IT, and the emergence of innovative solutions addressing war-induced problems. Recommendations for boosting Ukraine's innovation system include enhancing financial support for R&D, fostering international collaboration, and investing in human capital development. The study underlines the necessity of strategic policy reforms to rebuild Ukraine's innovation infrastructure, ensuring its alignment with global trends and contributing to economic recovery.
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