Substantiation of strategic directions and structural results of reforming the economy of Ukraine

Abstract

The strategic directions of reforming the economy of Ukraine are analyzed. The author defines the main reasons for the existence of structural imbalances, including limited resources (material, intellectual, financial, investment, innovative); reduction of innovative production; high material and energy intensity of production; a high share of intermediate structure of GRP, which shows a limited production of goods and services with a high share of GVA; low development of innovation infrastructure. The paper proves that the real sector of the economy is in a state of deindustrialization and needs to restore technological, scientific, intellectual, and export capacity. As a result, the author has focused attention on the necessity of systemic reforms in a number of areas, which should become the basis for the dynamic socially-oriented development of Ukraine. The most important reforms include the technological modernization, reindustrialization, increase of high-tech exports, systemic de-shadowing and formation of a competitive environment, business development, expansion of the middle class, modernization of social security and investment attractiveness, development of strategic industries, domestic market development, resource sector growth, and energy efficiency. The structural results of reforming the economy of Ukraine are summarized and indicators that will represent the efficiency of changes in each of the reformed basic areas are identified. For example, the efficiency of the reforms implementation in the social sphere will be displayed by the growth of incomes and the level of life quality and well-being of the population. In the field of education, such results will be summarized by increasing the quality and competitiveness of education, its harmonization with the needs and demands of professionals in the labor market. In the field of healthcare, the changes will be displayed in the creation of a modern reformed health care system with a high level of quality and accessibility of medical services. The decrease of migration activity processes is defined as the main result of the development of the internal labor market.