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Actual Problems of the State and Development of the Economic System of Ukraine under Martial Law
Tymoshenko O. V., Tyrkalo V. B.

Tymoshenko, Olena V., and Tyrkalo, Viktor B. (2024) “Actual Problems of the State and Development of the Economic System of Ukraine under Martial Law.” Business Inform 3:40–48.
https://doi.org/10.32983/2222-4459-2024-3-40-48

Section: Mechanisms of Regulation of the Economy

UDC 338.246.88

Abstract:
A structural and system analysis of the state and development of the economic system of Ukraine in wartime conditions is carried out and a set of economic measures to counter the negative manifestations of the full-scale invasion of the territory of Ukraine by russia is proposed. The authors systematize the most significant and growing threats in the economic sphere under conditions of uncertainty: demographic crisis, deformed age structure of the population with a high proportion of elderly people; high number of migrants; extremely high dependence on external financial assistance; irregular flow of foreign aid and a decrease in its volume with a simultaneous increase in defense spending; structural imbalances in GDP. The authors note that forecasts for GDP growth will not lead to an increase in the quality of life of Ukrainians and their purchasing power. The authors emphasize that, given the unpredictability of the duration of hostilities, unpredictable financial and material losses, a colossal deficit of the State Budget of Ukraine, a decrease in the stability of the economic system, and further inflow of external financial assistance are the main sources of funding for the military and social spheres. The main directions of reconstruction of the economic system of Ukraine to achieve the highest possible level of economic and financial self-sufficiency of the national economy are proposed; increasing the level of resilience and development of domestic enterprises in the conditions of military conflicts; prioritizing military spending; return of migrants to their homeland; sustainable growth of labor productivity of specialists in all sectors of the economy. This is especially important for the agro-industrial complex – through the development of industrial parks, technology parks, innovation parks, ecological agroparks, clusters, etc. Also, in order to generate additional sustainable income for socially vulnerable segments of the population, it is important to develop social entrepreneurship and the «silver economy» in territorial communities.

Keywords: economic system, areas of reconstruction, migration processes, reforms, military aggression.

Fig.: 1. Tabl.: 2. Bibl.: 16.

Tymoshenko Olena V. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Fashion and Show Business, Kyiv National University of Culture and Arts (36 Yevhena Konovaltsia Str., Kyiv, 01601, Ukraine)
Email: [email protected]
Tyrkalo Viktor B. – Head, NGO «LEAGUE OF SCIENCE DEVELOPMENT» (61, 150/15 Kharkivske Shose Str., Kyiv, 02091, Ukraine)
Email: [email protected]

List of references in article

“V Ukraini ekonomichno aktyvnymy ye lyshe 11,7 mln liudei“ [Only 11.7 Million People are Economically Active in Ukraine]. Ukrinform. July 05, 2023. https://www.ukrinform.ua/rubric-economy/3732011-v-ukraini-ekonomicno-aktivnimi-e-lise-blizko-117-miljona-ludej.html
“Vidbudova v umovakh viiny. Pivrichnyi ohliad. Ohliad no. 1“ [Reconstruction in Conditions of War. Semi-annual Review. Review no. 1]. May - October 2023. Instytut analityky ta advokatsii. https://iaa.org.ua/portfolio/reconstruction-process-1
Derzhavna sluzhba statystyky Ukrainy. http://www.ukrstat.gov.ua
“Yak mihratsiini protsesy vplyvaiut na biznes?“ [How Do Migration Processes Affect Business?]. Gradus Research Plus. October 2023. https://gradus.app/uk/open-reports/how-do-migration-processes-affect-business/
Poharska, O. “Ekonomika Ukraina v umovakh viiny“ [Ukraine's Economy in War Conditions]. Natsionalnyi bank Ukrainy. June 1, 2023. https://bank.gov.ua/admin_uploads/article/Poharska_pr_01-02.06.2023.pdf?v=4
“Minfin prezentuie holovni rezultaty ta dosiahnennia 2023 roku“ [The Ministry of Finance Presents the Main Results and Achievements of 2023]. Ministerstvo finansiv Ukrainy. January 22, 2024. https://mof.gov.ua/uk/news/minfin_prezentuie_golovni_rezultati_ta_dosiagnennia_2023_roku-4399
“Natsionalni demohrafichni prohnozy“ [National Demographic Forecasts]. Instytut demohrafii ta sotsialnykh doslidzhen imeni M. V. Ptukhy Natsionalnoi akademii nauk Ukrainy. 2023. https://idss.org.ua/forecasts/nation_pop_proj
Bohdan, T. “Finansovo-ekonomichni naslidky viiny“ [Financial and Economic Consequences of the War]. LB.ua. March 31, 2023. https://lb.ua/blog/tetiana_bohdan/550614_finansovoekonomichni_naslidki.html
Bulyk, O. B. “Stratehiia vidnovlennia ekonomiky Ukrainy pislia viiny“ [Post-War Economy Recovery Strategy of Ukraine]. Ekonomika ta suspilstvo, no. 48 (2023). DOI: https://doi.org/10.32782/2524-0072/2023-48-51
“A Blueprint for the Reconstruction of Ukraine“. CEPR Press, Paris & London, 2022. https://cepr.org/publications/books-and-reports/blueprint-reconstruction-ukraine
Ivanov, S. V. “Ekonomichne vidnovlennia i rozvytok krain pislia zbroinykh konfliktiv ta voien: nevtracheni mozhlyvosti dlia Ukrainy“ [Economic Recovery and Development of Countries After Armed Conflicts And Wars: Ukraine's Opportunities that Have Not Lost Yet]. Ekonomika Ukrainy, no. 1 (2019): 75-89. DOI: https://doi.org/10.15407/economyukr.2019.01.075
Ivaniuk, U. V. “Dominanti oznaky, vydy ta draivery rezylientnosti ekonomichnoi systemy v umovakh hlobalnoi nestabilnosti“ [Dominant Signs, Types and Drivers of the Resilience of the Economic System under Global Instability]. Ekonomika ta suspilstvo, no. 43 (2022). DOI: https://doi.org/10.32782/2524-0072/2022-43-72
Murovana, T. O. “Vitchyzniane pidpryiemnytstvo v umovakh voiennoho stanu: osnovni tendentsii ta metody pidtrymky“ [Domestic Entrepreneurship under the Conditions of Marital State: Main Trends and Methods of Support]. Ekonomika ta suspilstvo, no. 47 (2023). DOI: https://doi.org/10.32782/2524-0072/2023-47-49
Vplyv mihratsii na sotsialno-ekonomichnu sytuatsiiu v Ukraini : analitychna dopovid [The Impact of Migration on the Socio-economic Situation in Ukraine: An Analytical Report]. Kyiv: NISD, 2023. DOI: https://doi.org/10.53679/NISS-analytrep.2023.01
“The total amount of bilateral aid commitments to Ukraine in the period from January 24, 2022 to January 15, 2023 by type and country or organization“. https://www.statista.com/statistics/1303432/total-bilateral-aid-toukraine/
“Ukraine Refugee Situation“. Operational Data Portal. https://data.unhcr.org/en/situations/ukraine

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