ETHICAL ASPECTS OF BIOECONOMY IN POST-WAR RECONSTRUCTION PROJECTS IN UKRAINE

The study establishes that the bioeconomy is an innovative direction in the development of modern economic systems, as it is based on the principles of rational use of natural resources, integration of advanced technologies, and ensuring conditions for sustainable development. It is clarified that the key foundations of the bioeconomy, which facilitate its interaction with other sectors, include increasing resource efficiency, achieving economic sustainability, ensuring ecological balance, and adhering to principles of social justice. The analysis of bioeconomy development strategies revealed that these strategies often encompass numerous objectives without a clear hierarchical structure, which creates challenges for their practical implementation. It was identified that the successful implementation of these strategies requires their adaptation to national policies, alignment with international standards, and the creation of specific action plans with well-defined measures, timelines, and responsible parties. The study evaluates the significance of the bioeconomy in the context of Ukraine's post-war reconstruction. It is demonstrated that this approach can stimulate economic growth, contribute to environmental recovery, and provide social support. Integrating the bioeconomy into recovery processes enables the rational use of natural resources, the implementation of innovations, the creation of new jobs, and the restoration of economic activity in regions that have suffered significant destruction. It is argued that the application of the bioeconomy in reconstruction projects ensures synergy between economic, environmental, and social outcomes. An organizational-economic management model for the bioeconomy, tailored to the specific conditions of Ukraine’s post-war recovery, is proposed. This model involves establishing engineering centers to assess the technical readiness of enterprises, provide consulting services, and coordinate innovative projects. Additionally, the idea of creating regional investment funds to finance innovative initiatives in the field of biotechnology is proposed and substantiated. It is proven that the implementation of this model will promote the rational use of natural resources, reduce environmental risks, and achieve stable economic development.

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Publication Details

Journal
ECONOMICS FINANCE AND MANAGEMENT REVIEW
Published
2024-12-30
DOI
https://doi.org/10.36690/2674-5208-2024-4-4-17
Citations
1
Primary Topic
Bioeconomy and Sustainability Development
Type
article
Field-Weighted Citation Impact
1.34
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article

ETHICAL ASPECTS OF BIOECONOMY IN POST-WAR RECONSTRUCTION PROJECTS IN UKRAINE

Ніна Петруха, Oleh Hubanov, Illia Demydonok
1 citations
ECONOMICS FINANCE AND MANAGEMENT REVIEW
Bioeconomy and Sustainability Development
1.34
article

ETHICAL ASPECTS OF BIOECONOMY IN POST-WAR RECONSTRUCTION PROJECTS IN UKRAINE

Ніна Петруха, Oleh Hubanov, Illia Demydonok
article en
1 citations

Abstract

The study establishes that the bioeconomy is an innovative direction in the development of modern economic systems, as it is based on the principles of rational use of natural resources, integration of advanced technologies, and ensuring conditions for sustainable development. It is clarified that the key foundations of the bioeconomy, which facilitate its interaction with other sectors, include increasing resource efficiency, achieving economic sustainability, ensuring ecological balance, and adhering to principles of social justice. The analysis of bioeconomy development strategies revealed that these strategies often encompass numerous objectives without a clear hierarchical structure, which creates challenges for their practical implementation. It was identified that the successful implementation of these strategies requires their adaptation to national policies, alignment with international standards, and the creation of specific action plans with well-defined measures, timelines, and responsible parties. The study evaluates the significance of the bioeconomy in the context of Ukraine's post-war reconstruction. It is demonstrated that this approach can stimulate economic growth, contribute to environmental recovery, and provide social support. Integrating the bioeconomy into recovery processes enables the rational use of natural resources, the implementation of innovations, the creation of new jobs, and the restoration of economic activity in regions that have suffered significant destruction. It is argued that the application of the bioeconomy in reconstruction projects ensures synergy between economic, environmental, and social outcomes. An organizational-economic management model for the bioeconomy, tailored to the specific conditions of Ukraine’s post-war recovery, is proposed. This model involves establishing engineering centers to assess the technical readiness of enterprises, provide consulting services, and coordinate innovative projects. Additionally, the idea of creating regional investment funds to finance innovative initiatives in the field of biotechnology is proposed and substantiated. It is proven that the implementation of this model will promote the rational use of natural resources, reduce environmental risks, and achieve stable economic development.

ECONOMICS FINANCE AND MANAGEMENT REVIEW(4(20))
Kyiv National University of Construction and Architecture (UA)
Decent work and economic growth
Openalex Percentile: Top 12%
Bioeconomy and Sustainability Development
1.34
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