Economic potential of Ukraine and ways of its implementation

Abstract

The article explores the conceptual basis of ways to realize Ukraine's economic potential in the face of globalization. The main advantages and disadvantages of the current state of Ukraine's national economy have been identified. The main ways of optimizing the fiscal and monetary policy of the state are presented. The concept of digitalization of the national economy of Ukraine as the main factor of realizing economic potential in its most promising industries: agro-industry, energy industry, logistics has been proposed. The main goals of the introduction of the economic education system in Ukraine are presented. The subject is relevant because the national economy of Ukraine today is characterized by a low level of development compared with developed countries of the world, but has considerable untapped economic potential, which is caused by with a number of absolute and relative competitive advantages. The lack of unified doctrine for the implementation of economic potential in the most promising sectors of the national economy of Ukraine is the main unsolved problem of scientists. Generally economic potential is available resources that can be used further in order to achieve a positive economic effect. Thus, the concept of economic potential of the national economy provides for effective use of existing resources in the country, based on the principles of absolute and relative competitive advantages, in order to achieve economic growth and Economic development. The ultimate long-term goal of implementing country's economic potential from a macroeconomic point of view is to increase GDP to a potential level. The implementation of Ukraine's economic potential should be carried out by: reforming the state's monetary and fiscal policy; Digitalization of the national economy, first of all, in the most promising areas such as agro-industry, energy industry and logistics; the introduction of a system of economic education of the population. Innovative development is the main method of realizing economic potential in all promising spheres of national economy of Ukraine. Active implementation of innovations in various sectors involves digitalization economy.