Opportunities and Threats for the Strategic Development of Ukraine's Economy until 2030
DOI:
https://doi.org/10.57125/FEL.2024.12.25.03Keywords:
investment climate, economic diversification, energy independence policy, demographic changes, crisis resilienceAbstract
The process of strategic development of Ukraine's economy is largely complicated by the presence of a hot vase of military operations on the territory of the state. Nevertheless, for the post-war recovery, it is necessary to develop key areas of economic development today. Given the current level of GDP, which has decreased by 4% compared to the pre-war period, and the outflow of capital investments, which amounted to almost 50%. Given the relevance of the research topic, its purpose can be defined as a generalisation of approaches to the development of directions for the strategic development of Ukraine's economy with specification of opportunities and threats until 2030. The study used a systematic review of the scientific literature with a focus on publications from the last five years to ensure that the analysis of Ukraine's economic development strategy is up-to-date and relevant. The research methods included the construction of a strategic map to outline key areas of economic recovery, complemented by a SWOT analysis to assess opportunities, threats, strengths, and weaknesses. Based on the results of the literature search, 40 scientific papers were selected from the Web of Science and Scopus databases that are directly related to the research topic. It is proved that during the period of post-war recovery and the creation and further implementation of the economic growth strategy, emphasis should be placed on ensuring the following areas of development of the Ukrainian economy: creating a favourable and maximally transparent investment climate to attract investors; countering demographic changes and creating conditions for the return of the population that left Ukraine at the beginning of the war; diversifying economic processes and the economic potential of the State; ensuring the restoration of the energy sector In addition, in the process of developing the topic, a strategic map for the implementation of strategic directions for ensuring Ukraine's economic development until 2030 was created. The SWOT analysis has identified both opportunities and threats in implementing the action plan, with the main condition being the end of active hostilities in the country.
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