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Ukraine’s socioeconomic development in the environment of contemporary global threats

Journal: The Journal of International Economic Policy (Vol.1, No. 24)

Publication Date:

Authors : ;

Page : 7-27

Keywords : Integrated development; holistic modernization of human capital; global threats; endogenic and structural factors of economic development.;

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Currently, economic entities' patterns of thinking and acting are affected by a new type of competition which seeks synergy effects in the combined use of various innovations. The functioning of this mechanism is facilitated by global liberalization and the universal character of IT and telecommunication technologies. In this context, attention should be given to the issue of the dominating interests of transnational corporations, as well as the threat of the chaotic, disproportional, enclave-based and unstable development which excludes entire social groups from participation in modernisation processes. These threats are faced, in a specific and unique manner, by Ukraine. The author's reasoning is based on the assumption that the original drivers of development are derived from multi-level human existence marked by the dual rational and emotional and cognitively, informationally and emotionally restrained psyche. This assumption is a basis for developing an 8-sphere analytical model for socioeconomic development processes. The model enables the author to identify the main causes and indications of global development threats. In this context, the paper aims to identify the values, which condition the development of an information society based on global liberalisation, and the drivers of this process and possible threats ? especially those having an impact on the future of Ukraine. The paper analyses Ukraine's internal development threats, especially endogenic and structural factors. In the concluding remarks, the author proposes several solutions aimed to ensure Ukraine's sustainable development.

Last modified: 2017-01-23 22:33:13