Identification of globalizing factors of socio-economic development: the concept of endogenization

Abstract

The article addresses the problem of the impact of the modern socio-economic development globalization factors in the context of its endogenization. The authors argue that forming of the global economic system with high interdependence between regional integration entities and interaction of national economies in global conditions of uncertainty, instability, and unpredictability constitute the nature and main feature of modern globalization processes. Global interdependence is the major factor of global interaction for an efficient solution to joint problems, their prevention, and realization of joint interests, including political, economic, social, and environmental, etc. The fundamental interests of global interaction include the Sustainable Development Goals directed at “building forward better” based on the “leave no one behind” principle defined in the UN Sustainable Development Summit Resolution “Transforming our world: the 2030 Agenda for Sustainable Development” and the implementation of the Paris Climate Accords and European Green Deal. The globalization factors are identified following the methodology of KOF Globalization Index calculation on the national level: by globalization types – de-facto and de-jure; by the kind of globalization – economic, social, political; by the sub-kind of globalization – trade-based, finance-based, interpersonal, informational, cultural. The following issues are determined based on the content analysis of analytical, scientific, and legal sources and governance practices in the socio-economic development: main factors affecting de-facto the economic growth in Ukraine and its regions; external political factors that strengthen the relationship between the national economy and modern globalization processes and foster endogenous development of Ukrainian regions; factors of goal-oriented endogenization of regional development in Ukraine (domestic political, spatial, economic, social, environmental) as prospective drivers of sustainable socio-economic growth in Ukraine.