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UKRAINE IN THE CONTEXT OF GEOECONOMIC CHALLENGES

Автор: Sveta on .

Cite as APA style citation
Onyshhenko V. Ukrai'na u konteksti geoekonomichnyh vyklykiv. Visnyk Kyi'vs'kogo nacional'nogo torgovel'no-ekonomichnogo universytetu. 2021. № 2. S. 20-38.

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DOI:  http://doi.org/10.31617/visnik.knute.2021(136)02

UDC 339.92(477)
JEL Classification: F02

ONYSHCHENKO Volodymyr,
Doctor of Sciences (Economics), Professor, Professor at the Department of  World Economy
Kyiv National University of Trade and Economics
19, Kyoto str., Kyiv, 02156, Ukraine

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ORCID: 0000-0003-0513-705X

UKRAINE IN THE CONTEXT OF GEOECONOMIC CHALLENGES

 Background. The formation of a new world order around the three centres of the United States, China and the EU determine the main parameters of the geoeconomy. Ukraine must understand the problems that accompany this process and have effective international political and economic strategies that pursue primarily national interests in the context of their complementarity with those of their allies.
The aim of the article is to assess the relationship between geoeconomic challenges and internal economic problems of Ukraine and to clarify the directions of development of its international and national economic policy.
Results. In the world, the economic and political confrontation between the United States and the European Union on the one hand and China on the other is intensifying. The United States and the European Union are reviewing their international economic policies in the context of taking into account China’s significant strengthening of global ambitions, as well as Russia’s destructive actions. In this competitive confrontation, Ukraine must acti­vely cooperate with the United States and the European Union, as well as with other friendly countries. As for China, Ukraine’s policy must be balanced in the context of its own interests and coordinated with its main allies. It is necessary to increase active resistance to encroachments on national sovereignty by Russia.
Solving domestic problems should be linked to geopolitical challenges that open up new opportunities for Ukraine, namely the emergence of opportunities to become an invest­ment hub for the EU and other countries. The approach to foreign investment should be balanced and aimed at innovative development in the context of IR - 4.0. But for this it is necessary to change the institutional environment of the country, which will contribute to the implementation of the "National Economic Strategy until 2030".
Conclusion. Geoeconomic challenges for Ukraine are new opportunities for deve­lopment. To achieve this, it is necessary to understand its strategic goals and the possi­bilities of achieving them with its own resources and international assistance.
Keywords: geoeconomic challenges, global economic policy of the USA, EU and China, challenges for Ukraine, investments and development.

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