Modern processes of regional economic integration of Ukraine in the context of sustainable development

Vitalina Babenko,Marharyta Krutko,Maryna Kravchenko,Iryna Perevozova,Dariia Babenko,S Semerikov,P Nechypurenko,S Chukharev,H Danylchuk,V Solovieva,V Osadchyi,A Striuk,O Bondarenko,T Vakaliuk,S Sakhno

doi:10.1051/e3sconf/202016612001

Abstract

Ensuring economic sustainable development in difficult political and economic conditions is one of the priority tasks for Ukraine. It is forced to reorient the vector of foreign economic cooperation, in particular, the integration formations of the European Union. The aim of the article is to study the development of the processes of regional integration of Ukraine to ensure sustainable economic development, as well as determine the priority direction of its regional integration. The role of Ukraine in the processes of economic integration at the present stage of development is analyzed. Based on the analysis of the current state and development features of the EU and Ukraine, the prospects for the activation of its participation in integration processes, namely entry into the EU, are substantiated. By analysis, the domestic market of Ukraine, the general state of development and its place in the world market are investigated. As a result, the features and barriers of Ukraine’s European integration and ways to address them were identified, as well as an attempt was made to identify the main areas of cooperation and ways to improve economic relations between Ukraine and the EU.

Highlights

Ensuring economic sustainable development in difficult political and economic conditions is one of the priority tasks for Ukraine
Having found itself in difficult political and economic conditions, Ukraine is forced to reorient the vector of foreign economic cooperation
In order to ensure stable economic development of Ukraine, it should be noted that European integration is a strategic goal of the Ukrainian state, enshrined in law

Summary

Introduction

“Ensuring the sustainable development of mankind is the most significant problem facing the world community” Such a statement was made in 1987 by the UN General Assembly [1]. According to the UN Development Program [2], in the context of economic sustainable development of the countries of the world, the following strategic objectives are set: - To achieve increased effective international cooperation, including by paying special attention to the processes of regional integration. Having found itself in difficult political and economic conditions, Ukraine is forced to reorient the vector of foreign economic cooperation. In this regard, she is trying to strengthen ties, in particular, the integration formations of the European Union and intends to become a member. For sustainable economic development, peaceful coexistence and effective international cooperation of Ukraine it requires determining the priority direction of integration, in particular, the main direction of Ukraine’s foreign policy is Euro-integration

Literature review

Findings

Conclusion