№ 5/2020

Ekon Ukr. 2020 (5): 25–40https://doi.org/10.15407/economyukr.2020.05.025

PROBLEMS OF ECONOMIC THEORY

УДК 330.101

JEL:

ESHCHENKO Petro¹

¹Academy of Financial Management, Research ID : http://www.researcherid.com/rid/
OrcID ID : https://orcid.org/

NEOLIBERAL MARKET MODEL AND ITS IMPACT ON THE DEVELOPMENT OF UKRAINE

It is revealed that the liberal mainstream, which represents the defining direction in fundamental economic theory, in the current conditions of transition from industrial-market to information-network economy and development of digital technologies does not want to leave its dominant place. Based on the factual data, the negative impact of this theory is shown, which, due to the economic policy pursued by the Ukrainian authorities, destroys not only the economy but also the cultural and social values of our people. Ukraine's current socio-economic format does not allow it to fight for a “place under the sun” in the development of digital technologies and redistribution of technological rents. It is proved that the use of neoliberal economic theory contributed to the fact that the world economy began to have a pronounced rental character. Proof of this is the fact that countries with inefficient economies due to the opening of national economies have a declining world rent. As for countries with highly developed economies, they receive a growing world rent.
The necessity of a new paradigm of Ukraine's development is substantiated. Radical changes in our country can occur with the abandonment of neoliberal theory and the introduction of a new economic policy based on the requirements of the information technology revolution and adequate economic policy, which aims to develop and realize human capabilities, not money and profit. These issues are of great theoretical and practical importance. The future of our country depends on them, which requires the close attention of scientists, in particular representatives of the social sciences.

Keywords:socioeconomic crisis; management model; economic theory; economic policy; liberal mainstream; network economy

Article original in Ukrainian (pp. 25 - 40)

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The article was received by the Editorial staff on February 18 , 2020

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