Inclusive development of Ukraine and international financial and technical cooperation for its activation

Abstract

The purpose of the article is to identify the problems and prospects of the inclusive development of the national economy, and to outline the state and possibilities of attracting foreign aid for its activation based on the analysis of socio-economic stratification in Ukraine. The research paper focuses on problems of Ukraine’s inclusive development and financial and technical assistance aimed at solving these problems. The processes of socio-economic differentiation and stratification in different countries and Ukraine are considered through the use of different indicators and indexes. The level of inclusiveness of economies of certain countries and Ukraine is analyzed by the groups of indicators that are used to calculate the Inclusive Development Index (groups of growth and development, inclusiveness, inter-generational equity and sustainability of development). The advantage of using this aggregated index is indicated and compared to conventional instruments of empirical analysis of the country’s socio-economic situation, in particular GDP per capita, Gini coefficient, etc. The problems of functioning of inclusive institutions in Ukraine are outlined and the most important directions of their development are determined. The emphasis is on the need to attract foreign aid to increase the inclusiveness of the national economy. A number of projects of financial and technical assistance to inclusive development that are being implemented in Ukraine are considered and conclusions are drawn regarding their expediency and priority. The necessity of leveling out the actions of extractive institutions of corruption and bureaucracy in order to increase the efficiency of using foreign economic assistance is emphasized. The interdisciplinary nature of the problem of inclusive development of the country and the possibility of its solution in the framework of the implementation of the international poverty eradication policy are emphasized. The research is carried out through the use of the following methods: analysis and synthesis to identify the preconditions for the inclusive development of the domestic economy and areas that require external resources; comparative analysis for identifying the problems of functioning of the domestic system of inclusive institutions and formulating a concept for strengthening it on the basis of applying foreign practice; correlation analysis to determine the relationship between indicators of inclusive development; tabular and graphical methods for visualizing the results of the analysis.