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1.
Financial and Credit Activity-Problems of Theory and Practice ; 5(46):249-257, 2022.
Article in English | Web of Science | ID: covidwho-2207217

ABSTRACT

The current state of Ukraine's economic security in connection with Russian aggression requires a detailed analysis and research, primarily for several reasons: a more detailed understanding of the socio-economic processes taking place in the middle of the state, and the identification of losses and risks for the global economy of the world. The purpose of the article is to analyze the prospects for stable economic development and economic security in the state under modern Ukrainian realities. In the results, the main threats and challenges that threaten economic security and hypothetical ways of overcoming them are analyzed first of all. In particular, the causes of the negative state of the Ukrainian economic system were established and investigated. We are talking about a long economic crisis, caused both by the military destruction carried out by the Russian regime and by the decrease in business activity due to the COVID-19 pandemic. Important factors were the uncontrolled growth of the budget deficit, which as a result of military actions crossed a critical line, opacity and corruption schemes in the economy, which led to significant financial frauds, illogicality and inconsistency of government reforms. Current threats remain the outdated technical and material production bases of the leading branches of the economy, an imperfect legislative framework that needs significant updating, the fragmentation, and imperfection of Ukraine's laws, environmental problems caused by the war, a complex demographic situation in the country, brain drain, etc. The conclusions concluded that the important ways to stabilize the difficult situation are the emphasis on the continuation of export and production of agricultural products, the well-founded importance of military orders for the heavy industry of Ukraine, and attention drawn to the need for reforming and improving legislative and current program documents that regulate economic and financial activities (in particular, the Law of Ukraine "On the Fundamentals of Financial Security", "Economic Security Strategies of Ukraine for the period up to 2025", etc.).

2.
European Journal of Sustainable Development ; 10(3):303-315, 2021.
Article in English | Web of Science | ID: covidwho-1572957

ABSTRACT

The purpose of the paper is operationalization of development processes' concepts in terms of threats to a government's socio-economic system on an example of a specific threat that is currently actively materializing itself - COVID -19. The research aims at structuring the process of threat's development to a government's socio-economic system. It shows negative changes in Ukraine's socio-economic system, their indicators and consequences inherent to the last stage of the threat's development process - the materialization stage. At all stages of any threat's development process, close attention has to be paid to catalysts and inhibitors - factors whose influence accelerates or inhibits the development of the threat. Regarding the COVID-19 pandemic threat's materialization, inhibitors can only be the decisions and actions of Ukraine's government and institutions combined with the dual-use economic model (improving the pandemic situation, mitigating its consequences, on the one hand, preventing the deepening of the economic crisis and bankruptcy of domestic business, on the other). The results of studying the process of a threat's development lay the methodological principles for development of the Strategy Ensuring Ukraine's Economic Security. The development of a threat to a government's socio-economic system from perspective of the process approach has not been systemically explored. The scientific researches of the article's authors lay the fundamental ground in this direction of economic securitology.

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