Ukraine Depressive National Economy Destructive Factors

DOI

10.2991/smtesm-19.2019.17How to use a DOI?

Keywords

national economy, depressed economy, corruption, national debt, economic interests, business, authority, hidden economy , destructive factors

Abstract

It is proved that in economics depression is characterized not only as a lasting, long-term decline in industries economic activity but as a consequence of destructive factors influence. Those factors that are primary cause of the national economy depressed state in the context of importance of issues related to Ukraine economic development are investigated. These factors include big business merger with politics, hidden economy, corruption and high level of money laundering. It is defined that consequences of these factors influence include increase in country's debt dependence, labor migration, low rates of economic growth, etc. Author’s definition of “depressed economy” notion is suggested. A pyramid of destructive factors and their consequences influencing the nation economy depressiveness is built up. The pyramid has the form of an inverted one, since it demonstrates more clearly the author's concept, which emphasizes the primary cause of all problems in the national economy, which is merging of state and business economic interests. An opinion of the necessity of forming a public administration paradigm based on the principles of integrity, patriotism and state economic interests priority over personal and business interests is expressed.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Liana Ptaschсenko
AU  - Alina Glushko
AU  - Nelia Volkova
AU  - Valeriia Volkova
PY  - 2019/09
DA  - 2019/09
TI  - Ukraine Depressive National Economy Destructive Factors
BT  - Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2019)
PB  - Atlantis Press
SP  - 82
EP  - 86
SN  - 2352-5428
UR  - https://doi.org/10.2991/smtesm-19.2019.17
DO  - 10.2991/smtesm-19.2019.17
ID  - Ptaschсenko2019/09
ER  -