ECONOMIC RECOVERY AND DEVELOPMENT OCOUNTRIES AFTER ARMED CONFLICTS AND WARS: UKRAINE’S OPPORTUNITIES THAT HAVE NOT LOST YET

Abstract

It is shown that foreign experience of fast post-war economic growth is of interest to Ukraine, which needs reconstruction of the economy for the purpose of stable development and recovery after the armed conflict in Donbas and annexation of Crimea. It is revealed that the post-war economic boom was characterized by steady economic growth and almost full employment in European and East Asian countries, including those that were devastated by the war.
The author reveals the experience of Germany. The main aspects on which the Marshall Plan was focused, namely, approaches to the use and repayment of borrowed funds, are studied. It is determined that the recovery took place on the basis of the chosen conception of the development of a “social market economy”. The achievement of a high level of well-being of all strata of the population, free market competition and private entrepreneurship, and active participation of the state to ensure the preconditions and conditions of competition were the main elements of the conception.
The experience of the post-war reconstruction of Japan’s economy is analyzed. The basic concepts of the conceptual work “Basic problems of economic reconstruction of Japan” are presented. The latter outlines the methodological approaches for identifying and studying the economic problems and ways to overcome them.
The main elements of economic reforms in South Korea are analyzed. It is shown that the economic recovery was based on strengthening key industries, reducing unemployment and introducing more effective management approaches.
The current experience of restoration of Georgia is analyzed. It is shown that the Georgian authorities implemented the recommendations of external creditors: they began to fight corruption, simplified tax administration and reformed production.
Based on the analysis, the factors that contributed to the restoration and development of the analyzed countries after the hostilities on their territory were identified. The author proposes a number of measures, which consistent implementation can ensure the successful reconstruction of Ukraine’s economy.