Socio-economic Development of Ukraine in the Context of Strategic Risk

Anatoliy Stepanenko and Alla Omelchenko
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Anatoliy Stepanenko: Public institution "Institute of Environmental Economics and Sustainable Development of the National Academy of Sciences of Ukraine", Kyiv
Alla Omelchenko: Public institution "Institute of Environmental Economics and Sustainable Development of the National Academy of Sciences of Ukraine", Kyiv

Ukrainian Journal Ekonomist, 2014, issue 8, 8-11

Abstract: The essence and fundamental peculiarities of the strategic risks and their role in socio-economic development are revealed. It is shown that Ukrainian economics face the long-term system calls, the character and quality of which is defined by the combination of profound factors raising considerable strategic risks within socio-economic development of the state. Three groups of risks are analysed: geo-economical, geo-political and geo-ecological. The strategic risks are distinguished within each group. The brand-new risks are revealed: nanotechnological, cybercriminal, genetic, biological, etc. Such traditional threats as terrorism, violence, pandemias and biotechnologies moved to a new level. It is shown that the expansion of threats and risks related to national security and risk management have led to the establishment of a new strategic system of risk-management. The new paradigm fully considers the risks of all types and directions, generated both by inside and outside factors. It is founded that the application of the methodology of evaluation and prediction of risks, crisis developments and catastrophes in Ukraine will allow working out the main principles, methods and systems of determination, standardization and management of strategic risks on state and regional levels. Risk ratings may be behind the programs of socio-economic development of the state and its regions. Such approach will influence the experience of socio-economic planning in the future, and taking into account existing global tendencies of expansion of the number of catastrophes and crisis developments can become dominant.

Date: 2014
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