THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLE

Objective. The article examines the possibilities for Ukraine's economic recovery in the post-war period, focusing on key areas of development such as infrastructure investment, foreign aid, attracting private capital, restoring industrial enterprises and creating innovative infrastructure in old industrial regions. Special emphasis is placed on integration into European economic structures as a strategic direction that will contribute to economic stability and development. Methodology. The study is based on the analysis of scientific sources, international experience of post-war reconstruction, as well as the evaluation of economic indicators of Ukraine, which allows to determine the most effective approaches to the reconstruction and modernisation of the economy. Various aspects of infrastructure restoration, in particular transport and energy infrastructure, necessary to meet the basic needs of the economy and increase its productivity, are assessed. The results suggest that investment in critical infrastructure, such as transport and energy, can significantly accelerate recovery and lay the foundations for sustainable economic growth. Support from the international community and financial assistance will help stabilise the economy in the short term, while long-term structural reforms and industrial modernisation will increase competitiveness and ensure integration into European markets. The creation of innovation clusters in old industrial regions can also contribute to regional development and reduce economic disparities. Practical consequences. The proposed approaches have the potential to inform state policy in the field of post-war reconstruction, the promotion of attraction of international investments, the development of industrial and innovation clusters, and the expansion of co-operation with European partners. The importance of structural reforms lies in the creation of a favourable investment climate and the improvement of governance processes, which are critical for sustainable economic development. Value / Originality. The article proffers a comprehensive approach to the recovery of Ukraine, with a focus on contemporary economic realities and the potential of European integration. The article's uniqueness lies in its emphasis on establishing long-term conditions for sustainable development through a novel rethinking of industrial zones. This approach will enable Ukraine to not only recover from the war but also ensure sustainable economic growth in the future.

Authors

Institutions

Publication Details

Journal
Baltic Journal of Economic Studies
Published
2024-12-30
DOI
https://doi.org/10.30525/2256-0742/2024-10-5-184-191
Citations
6
Primary Topic
Economic Issues in Ukraine
Type
article
Field-Weighted Citation Impact
4.97
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLE

Юлія Огренич, Іван Клопов
6 citations
Baltic Journal of Economic Studies
Economic Issues in Ukraine
4.97
article

THE MODEL OF ECONOMIC RECOVERY OF UKRAINE IN THE POST-WAR PERIOD: THE STRATEGY OF THE ECONOMIC MIRACLE

Юлія Огренич, Іван Клопов
article en
6 citations

Abstract

Objective. The article examines the possibilities for Ukraine's economic recovery in the post-war period, focusing on key areas of development such as infrastructure investment, foreign aid, attracting private capital, restoring industrial enterprises and creating innovative infrastructure in old industrial regions. Special emphasis is placed on integration into European economic structures as a strategic direction that will contribute to economic stability and development. Methodology. The study is based on the analysis of scientific sources, international experience of post-war reconstruction, as well as the evaluation of economic indicators of Ukraine, which allows to determine the most effective approaches to the reconstruction and modernisation of the economy. Various aspects of infrastructure restoration, in particular transport and energy infrastructure, necessary to meet the basic needs of the economy and increase its productivity, are assessed. The results suggest that investment in critical infrastructure, such as transport and energy, can significantly accelerate recovery and lay the foundations for sustainable economic growth. Support from the international community and financial assistance will help stabilise the economy in the short term, while long-term structural reforms and industrial modernisation will increase competitiveness and ensure integration into European markets. The creation of innovation clusters in old industrial regions can also contribute to regional development and reduce economic disparities. Practical consequences. The proposed approaches have the potential to inform state policy in the field of post-war reconstruction, the promotion of attraction of international investments, the development of industrial and innovation clusters, and the expansion of co-operation with European partners. The importance of structural reforms lies in the creation of a favourable investment climate and the improvement of governance processes, which are critical for sustainable economic development. Value / Originality. The article proffers a comprehensive approach to the recovery of Ukraine, with a focus on contemporary economic realities and the potential of European integration. The article's uniqueness lies in its emphasis on establishing long-term conditions for sustainable development through a novel rethinking of industrial zones. This approach will enable Ukraine to not only recover from the war but also ensure sustainable economic growth in the future.

Baltic Journal of Economic StudiesVol. 10(5)
National University Zaporizhzhia Polytechnic (UA)
Openalex Percentile: Top 4%
Economic Issues in Ukraine
4.97
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.