№ 12/2022

Ekon Ukr. 2022 (12): 3–12https://doi.org/10.15407/economyukr.2022.12.003

UKRAINIAN ECONOMY DURING THE MILITARY AGGRESSION OF THE RUSSIAN FEDERATION AND IN THE PERIOD OF POST-WAR RECOVERY

УДК 336.025:339

JEL: F01, F02, F30

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

POST-WAR RECONSTRUCTION OF UKRAINE IN THE CONTEXT OF FRAGMENTATION OF THE WORLD ECONOMY

The question of current world development is studied with regard to Russia’s military aggression against Ukraine. Global fragmentation trends are characterized in contrast to previous globalization trends. Globalization processes continue to exist in the world, but under the regional and country restraints. On the eve of the 2020s, world economic thought already debated the prospects for development in the conditions of so-called slowbalization (slow globalization). An active use of sanctions regime defines certain countries not only as unfavorable for economic activity, but also as virtually excluded from the globalization process. There are real shifts of economic power centers. Nowadays, theoretical and practical fragmentation is being increasingly discussed. In fact, the world is undergoing increasing economic fragmentation, which acts as a counterweight to traditional globalization processes. Fragmentation is one of the significant consequences of Russia’s armed aggression against Ukraine and has the potential to cause the division of the world into geopolitical blocs with their own technical standards, reserve currencies and payment systems.
It is determined that post-war reconstruction of Ukraine will take place in the conditions of fragmentation of the world economy and will be carried out according to relevant parameters. Ukraine will continue to depend on external sources of funding and material aid. In this context, it is extremely important to preserve the external priorities of country's development, first of all, the acquisition of full membership in the European Union. It is also important to understand the role of the state in economic life in wartime and during post-war reconstruction. In addition, maximum correctness in relations with foreign partners should be unquestionable, in particular, in estimating Ukraine's needs for financing the reconstruction process, given the differences in attitude to corruption problems in Ukraine and Western countries.

Keywords:globalization; economy of Ukraine; fragmentation of world economy; post-war recovery of Ukraine

Article original in Ukrainian (pp. 3 - 12)

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The article was received by the Editorial staff on October 3 , 2022

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