CONTRADICTIONS AND PROSPECTS OF INNOVATION-DRIVEN ECONOMIC GROWTH IN UKRAINE

Authors

DOI:

https://doi.org/10.15407/economyukr.2024.11.003

Keywords:

productive power of activity; middle class; economic growth; industrial activities; industrial policy; trade policy; export; imports

Abstract

Modern contradictions in the content and policy of economic growth are considered, with highlighting as a key one the problem of the relationship between the standard of living attained through the use of mostly profit-oriented technological achievements and such mastery over nature’s forces and resources that globally causes trends toward the reduction of biodiversity and climate change. It is shown that the main directions of development involve the search for a new balance in the interaction of nature and society based on forming a new content of economic psychology and transition to the development and use of new technologies aimed at preserving biodiversity, stabilizing climate changes, and ensuring economic growth on such principles.

Characterization is given for the conditions and opportunities for economic growth in Ukraine based, on the one hand, on using existing advantages of technological opportunities (with features of a global nature and taking into account the conditions of the "green transition"), and on the other hand, on ensuring changes in the conditions of the social life of the population, which already during war shows a desire to build a career in a different direction, dissimilar to the pre-war one, with a reassessment of values and a desire to start a "new life" with a new job.

A focus is placed on the content of the innovative and industrial policy regarding the solution of Ukraine's "home tasks" in industrial development, the success of which is to be ensured by the modern principles of economic policy capable of defining the key conditions, the observance and fulfillment of which will be mapped out and performed by the state, which must first of all be oriented towards the future of Ukraine as space state. This will expand our opportunities for international cooperation both in this area and in ensuring energy security through the expansion of nuclear energy, bioenergy, energy engineering and related industrial activities.

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Published

21.11.2024 — Updated on 21.11.2024

How to Cite

HEYETS, V. (2024). CONTRADICTIONS AND PROSPECTS OF INNOVATION-DRIVEN ECONOMIC GROWTH IN UKRAINE. Economy of Ukraine, 67(11 (756), 3–28. https://doi.org/10.15407/economyukr.2024.11.003

Issue

Section

Industrial policy and innovative development