№ 3/2020

Ekon Ukr. 2020 (3): 19–25https://doi.org/10.15407/economyukr.2020.03.019

INFLUENCE OF G7 AND G20 COUNTRIES ON THE DEVELOPMENT OF WORLD ECONOMY

УДК 336.025:339

JEL:

PLOTNIKOV Oleksiy¹

¹Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/ https:// publons.com/researcher/4557046/oleksiy-plotnikov/
OrcID ID : https://orcid.org/0000-0001-8542-1012

DEVELOPMENT OF CONTRADICTIONS BETWEEN THE G7 COUNTRIES IN THE CONTEXT OF FINANCIAL GLOBALIZATION

Financial globalization in the aspect of world development is investigated, the issues of intensification of contradictions between the G7 countries are considered, their effects on the economic development of Ukraine are determined. In particular, it is shown that the contradictions between the G7 countries are not only traditional, but they are constantly evolving, spreading and deepening. Earlier it was relevant to discuss the contradictions between the US, European countries – G7 members and Japan, but nowadays European problems have also become extremely important. In addition, there are traditional contradictions between them, Japan and the US.
It is determined that financial globalization serves as a lever that stimulates the process of equalizing the development of individual countries, but within the scope of involvement or non-involvement in centers of economic influence. It is stated that it is difficult for Ukraine to find its place in the context of the contradictions of the G7, given the complexity of external factors and external dependence. The desire to maintain equal relations with all G7 countries does not allow playing on their contradictions for the satisfaction of national interests. Ukraine continues to establish itself as an object, not as a subject of international political and economic relations, which also makes it impossible to use the contradictions between the G7 countries in national interests.

Keywords:G7 countries; financial globalization; economical development of Ukraine

Article original in Ukrainian (pp. 19 - 25)

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The article was received by the Editorial staff on February 11 , 2020

References
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