1. SMEU
  2. All Volumes and Issues
  3. Volume 2, Number 1, 2020
  4. Prerequisites for the Sustainable Development of the Ukrainian Economy

Prerequisites for the Sustainable Development of the Ukrainian Economy

SMEU-archive.
2020;
Volume 2, Number 1
: pp. 122 - 134
https://doi.org/10.23939/smeu2020.01.122
Authors:
  1. Viktoria Kharchuk
  2. Yevhenia Zimina
1
Lviv Polytechnic National University
2
Lviv Polytechnic National University, Ukraine

The article describes the main prerequisites for the sustainable development of the Ukrainian economy, based on statistical data analysis. Firstly, the authors examine three dimensions of sustainable development (according to the TBL approach) based on official macroeconomic indicators. Secondly, the authors offer to consider three areas of the national economy as the main potential for sustainable development of the national economy. Based on it, the authors elaborate recommendations for boosting most attractive areas and harmonizing all aspects of sustainable development.

sustainable development
prerequisites
macroeconomic indicators
small and medium-sized enterprises (SME)
agricultural sector
IT
  1. Bruntland G. H. (1987) Our Common Future: The World Commission on Environment and Development; Oxford University Press: Oxford, UK.
  2. Elkington J. B. (1997). Cannibals With Forks: The Triple Bottom Line of 21st Century Business. Oxford: Capstone Publishing. https://doi.org/10.1002/tqem.3310080106
  3. Elkington J. B. (2001). The Chrysalis Economy: How Citizen CEOs and Corporations Can Fuse Values and Value Creation. Oxford: Capstone/John Wiley & Sons.
  4. Giddings B., Hopwood B. and O’Brien G. (2002). Environment, economy and society: fitting them together into sustainable development, Sustainable Development, Vol. 10. No. 4, 187–196. https://doi.org/10.1002/sd.199
  5. Hill R. C. and Bowen P. A. (1997). Sustainable construction: principles and a framework for attainment, Construction Management and Economics, Vol. 15 No. 3, 223–239. https://doi.org/10.1080/014461997372971
  6. Trading Economics (2020). Ukrainian Hryvnia. Retrieved from:  https://tradingeconomics.com/ukraine/ currency (Accessed: 9 January 2020).
  7. The World Bank (2020). Inflation, consumer prices (annual %) – Ukraine. Retrieved from: https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?locations=UA (Accessed: 11 January 2020).
  8. IMF (2019). Ukraine. Retrieved from: https://www.imf.org/en/Countries/UKR (Accessed: 11 January 2020).
  9. MOF (2019). Domestic Bonds. Retrieved from: https://mof.gov.ua/en/ovdp (Accessed: 17 December 2020).
  10. The World Bank (2019). Ukraine: Building the domestic debt market for local currency issuances. Retrieved from:                       https://www.worldbank.org/en/news/feature/2019/11/04/ukraine-building-the-domestic-debt-market-for-local- currency-issuances (Accessed: 24 December 2020).
  11. Trading Economics (2020). Ukraine Corruption Index. Retrieved from: https://tradingeconomics.com/ ukraine/corruption-index (Accessed: 14 December 2020).
  12. IOM (2019). Ukraine. Retrieved from: https://www.iom.int/countries/ukraine (Accessed: 11 January 2020).
  13. Trading Economics (2019). Ukraine – economic indicators. Retrieved from: https://tradingeconomics.com/ukraine/indicators (Accessed: 6 January 2020).
  14. The World Bank Ukraine (2019a). Overview economy  of Ukraine 2019. Retrieved from: https://www.worldbank.org/en/country/ukraine/overview#3 (Accessed: 29 October 2019).
  15. The World Bank Ukraine (2019b). GDP per capita (current US$) – Ukraine, Russian Federation, United Kingdom, Poland 2019. Retrieved from:   https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2018&locations=UA-RU-GB-PL&start=2008 (Accessed: 29 October 2019).
  16. Trading Economics (2019). Inflation. Retrieved from: https://tradingeconomics.com/ukraine/core-inflation-rate (Accessed: 29 December 2019). 
  17. Ukrinform (2019). Average monthly salary in Ukraine. Retrieved from: https://www.ukrinform.net/rubric- economy/2696059-average-monthly-salary-in-ukraine-reaches-381-economic-development-ministry.html (Accessed: 29 December 2019).
  18. National bank of Ukraine (2020). Value of exports of goods and services. Retrieved from: https://bank.gov.ua/ (Accessed: 6 January 2020).
  19. Ukrinform (2019). Ukraine  – 2019. Retrieved from: https://www.ukrinform.ua/rubric-economy/2680599- ukraina2019-ekonomicnij-rozvitok-zagalom-pozitivnij.html (Accessed: 19 January 2020).
  20. Trading Economics (2019). Ease of doing business in Ukraine. Retrieved from: https://tradingeconomics.com/ukraine/ease-of-doing-business (Accessed: 10 January 2020).
  21. Doing business (2019). Training for Reform.  Retrieved from: https://www.doingbusiness.org/content/dam/ doingBusiness/media/Annual-Reports/English/DB2019-report_web-version.pdf (Accessed: 10 January 2020).
  22. Ministry for Development of Economy, Trade, and Agriculture of Ukraine (2019). Investment activities in Ukraine. Retrieved from: http://www.me.gov.ua/Documents/Detail?lang=en-GB&id=14fdd5c9-70b6-4f46-b2f2- 842dfc4a7b3f&title=InvestmentActivityInUkraine (Accessed: 19 January 2020).
  23. Ukrstat.org (2018). Institutions of tertiary education. Retrieved from: https://ukrstat.org/en/operativ/ operativ2005/osv_rik/osv_e/vuz_%20rik_e.htm (Accessed: 29 October 2019).
  24. UaTribune (2019). Literacy and education in Ukraine. Retrieved from: https://uatribune.com/en/literacy-and- education-in-ukraine/.
  25. Trading Economics (2019). Ukraine Unemployment rate. Retrieved from: https://tradingeconomics.com/ ukraine/unemployment-rate.
  26. Epravda (2019a). How discounting will affect personal finances. Retrieved from: https://www.epravda.com.ua/rus/publications/2019/12/13/654827/ (Accessed: 18 January 2020)
  27. Trading Economics  (2019). Ukraine Foreign Direct Investment Retrieved from: https://tradingeconomics.com/ukraine/foreign-direct-investment (Accessed: 20 January 2020)
  28. Epravda (2019). The State Statistics Committee published the rating of the largest investors in Ukraine. Retrieved from: https://www.epravda.com.ua/news/2019/11/29/654294/ (Accessed: 23 January 2020).
  29. Startup Blink (2019). Startup Ecosystem Ranking Report 2019. Retrieved from: https://report.startupblink.com/ (Accessed: 21 October 2019).
  30. Kyivpost (2018). Ukraine`s Most Promising Sectors for Investors. Retrieved from: https://labs.kyivpost.com/ ukraine-investment/.
  31. The   OECD   (2018a).   Overview   of   the   business   sector   in   Ukraine,   p.   14.   Retrieved   from: https://www.oecd.org/eurasia/competitiveness-programme/eastern-partners/Compendium-Entreprise-Statistics-Ukraine- 2018-EN.pdf (Accessed: 21 October 2019).
  32. Trading Economics (2019). Ukraine Unemployment Rate. Retrieved from: https://tradingeconomics.com/ ukraine/unemployment-rate (Accessed: 5 November 2019).
  33. The OECD (2018b). Number of enterprises, p. 16. Retrieved from: https://www.oecd.org/eurasia/ competitiveness-programme/eastern-partners/Compendium-Entreprise-Statistics-Ukraine-2018-EN.pdf (Accessed: 21 October 2019).
  34. The      OECD        (2018c).    Regional    statistics    on      enterprises    in     2017,    p.     30.      Retrieved    from: https://www.oecd.org/eurasia/competitiveness-programme/eastern-partners/Compendium-Entreprise-Statistics-Ukraine- 2018-EN.pdf (Accessed: 21 October 2019).
  35. Samsung Research (2019). Samsung R&D Institute Ukraine. Retrieved from: https://research.samsung.com/srk (Accessed: 16 October 2019).
  36. Medium (2018). 16 Unicorn Startups with R&D Offices in Ukraine. Retrieved from: https://medium.com/x1group/16-unicorn-startups-with-r-d-offices-in-ukraine-6243cd0ddd61 (Accessed: 16 October 2019).
  37. Unit.city (2019). The first Ukrainian innovation park – the gateway to UA tech scene. Retrieved from: https://unit.city/en/home/ (Accessed: 16 October 2019).
  38. BioUkraine (2019). The Ukrainian government launches the National Startup Fund. Retrieved from: https://bioukraine.org/news/ukrainian-government-launches-national-startup-fund/. (Accessed: 21 October 2019).
  39. UNDP        (2019).    Ukraine    joins       the      Global    Network     of      Accelerator    Labs.       Retrieved    from: https://www.ua.undp.org/content/ukraine/en/home/presscenter/pressreleases/2019/launch_of_accelerator_lab.html (Accessed: 16 October 2019).
  40. Bloomberg (2019). Eastern Europe Feeds on a Shrinking Ukraine. Retrieved from: https://www.bloomberg.com/opinion/articles/2019-02-20/eastern-europe-feeds-on-a-shrinking-ukraine (Accessed:  16 October 2019). 
  41. Daria Prokaza (2019). What to expect and fear for Ukrainian business in 2019? Retrieved from: https://hromadske.ua/posts/chogo-chekati-ta-boyatisya-ukrayinskomu-biznesu-u-2019-roci. (Accessed: 15 October 2019).
  42. Tema 2000 Ltd (2018). Agriculture in Ukraine. Retrieved from: http://tema2000.com.ua/ukraine-in- detail/agriculture-in-ukraine.html. (Accessed: 14 January 2020).
  43. Trading Economics (2020). Ukraine GDP from agriculture Retrieved from: https://tradingeconomics.com/ukraine/gdp-from-agriculture. Accessed: (14 January 2020).
  44. Business Ukraine (2020). UKRAINE IS EMERGING AS THE WORLD'S NEXT AGRICULTURAL SUPERPOWER. Retrieved from: http://bunews.com.ua/economy/item/ukraine-feeds-the-world. Accessed: (7 January 2020).
  45. Wikipedia (2020). Silskohospodarski uhiddia. Retrieved from: https://uk.wikipedia.org/wiki/ Сільськогосподарські_угіддя Accessed: (9 January 2020).
  46. Vox Ukraine (2019). Land Reform Strategy in Ukraine Until 024. Retrieved from: https://voxukraine.org/en/land-reform-strategy-in-ukraine-until-2020. Accessed: (28 January 2020).
  47. Export.gov (2020). Ukraine – agricultural sector. Retrieved from: https://www.export.gov/article?id=Ukraine- Agricultural-Machinery. Accessed: (4 January 2020).