On Correlation of Internal and External Factors in Financial and Economic Processes in Ukraine

Dedikov Oleksii I. ()
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Dedikov Oleksii I.: National Mining University

Business Inform, 2013, issue 5, 41_49

Abstract: The article states issues that determine modern economic development of Ukraine. It marks main factors of influence upon the state of economic development; driving forces of transformational changes in the country economy; problems that arise in the process of carrying out structural reforms, etc. Economic expectations in modern Ukraine are quite cautious. That is why analysis of factors that influence growth of production volumes and changes in agriculture in the result of the policy of the state is of special importance. Prospects of development of economy in Ukraine are improved, but the road to progressive transformations still stays difficult. Moreover, economic activity of companies in Ukraine will be restored gradually after drop of the rate of development in 2008-2009. Such a situation is justified with low competitiveness of economy and also delay in conducting structural reforms. Besides, economy of the country is highly dependent on energy prices. Ukrainian producers generate a low part of added value and the negative investment climate does not allow hoping for significant increase of volumes of investments and, as a result, fast growth of production rates. Due to this, Ukraine needs to activate the system of incentives, which justify, first of all, action of internal factors with the purpose of increase of competitiveness of the Ukrainian economy, growth, first of all, of export-oriented branches of industry, development of the internal market, strengthening of impact of measures directed at increase of volume of investment of funds into production, etc.

Keywords: production; economic growth; growth factors; structural reforms; economic expectations; economic activity; competitiveness; investment (search for similar items in EconPapers)
Date: 2013
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