BUSINESS INFORM №10-2016

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Section: International Economic Relations
UDC 339.9
Mukhina I. G., Kanunnikova A. R.
The Reorientation of the Economy of Ukraine towards the European Market: Reality, Risks and Prospects (p. 33 - 38)
The objectives of the article are: studying the macroeconomic indicators of Ukraine's development in the context of the reorientation of national economy towards the European market, searching for ways to overcome the crisis, further modernization of the economy of Ukraine, and identifying risks due to an accelerated European integration. Emphasis is made on the peculiarities of functioning of the domestic economy over the past decade, while forms and results of cooperation with the CIS countries, as well as the prospects for Ukraine's reorientation from the post-Soviet economic space to the European have been allocated. Features of development of Ukraine's foreign trade over the past period have been allocated, both in case with the CIS and with the EU countries; the authors have considered the challenges that arise in the sphere of economic security, in the banking industry and individual sectors of the economy. A number of key challenges that arise in the process of reorientation of the economy of Ukraine towards the European market as result of both external and internal factors has been outlined. By means of an analysis of macroeconomic indicators, potential dangers and prospects for reorientation of the Ukrainian economy towards the European market have been identified, a number of strategic directions to address the negative processes in the economy has been allocated, the authors have also suggested ways of overcoming the crisis and accelerating the European integration processes in general.
Keywords: economics, European market, European integration, exports, imports, foreign trade, production
Bibl.: 12.

Mukhina Irina G. – Candidate of Sciences (History), Associate Professor, Associate Professor, Department of Social-Humanitarian Disciplines, Kharkiv Institute of Finance of the Kyiv National University of Trade and Economics (5 Pletnovskyi Lane, Kharkіv, 61003, Ukraine)
Email: [email protected]
Kanunnikova Alexandra R. – Senior Lecturer, Department of Social-Humanitarian Disciplines, Kharkiv Institute of Finance of the Kyiv National University of Trade and Economics (5 Pletnovskyi Lane, Kharkіv, 61003, Ukraine)

Article is written in Ukrainian
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Reference to this article:
Mukhina, Irina G., and Kanunnikova, Alexandra R. (2016) “The Reorientation of the Economy of Ukraine towards the European Market: Reality, Risks and Prospects.” Business Inform 10:33–38.

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