The concept of sustainable development of Ukraine’s economy in the context of European integration

Abstract

The purpose of the article is to comprehensively define and generalize the essence of the concept of sustainable development, the basic principles of the concept, to identify the features of the strategy of sustainable development of Ukraine’s economy in terms of European integration. Research methodology. The methodology of the system-complex approach concerning consideration of the concept of sustainable development as a single whole from three components is offered: ecology, social and economic problems. Scientific novelty lies in the substantiation that the guarantee of successful sustainable development of Ukraine is to ensure economic growth, increase social welfare and environmental security. It is stated that the concept of sustainable development appeared in the 80s of the twentieth century. in the framework of the International Commission on Environment and Development. Analyzing, systematizing and generalizing scientific definitions of many scientists, the essence of the concept of “sustainable development” is investigated and its definition is specified. It is determined that the process of state building on the basis of coordination and harmonization of social, economic and ecological components in order to meet the needs of present and future generations is a sustainable development. The main approaches to the interpretation of sustainable development are highlighted and it is indicated that the quality of life of people and the state of society are influenced by a combination of economic, social and environmental factors. It is stated that the most common in the scientific economic literature are the principles of sustainable development such as environmental protection; improving the social sphere; balance of technological and economic development. The purposes and features of formation of model of sustainable development of economy of Ukraine are covered. It is stated that the national objectives, indicators for monitoring the implementation of tasks and targets for achievement by 2030 are reflected in the National Report “Sustainable Development Goals: Ukraine”. The goals of sustainable development of Ukraine are given. Schematization of the model of balanced development of Ukraine-2030 of sustainable development of Ukraine is carried out. Tasks for the Ukrainian government in the short and long term are highlighted. Relevant conclusions have been made regarding the prospects for further sustainable development. Conclusions. According to the results of the study, it is concluded that modernity is constantly making changes to the understanding of sustainable development of Ukraine’s economy. Today, sustainable development should be understood as the process of state building on the basis of coordination and harmonization of social, economic and environmental components in order to meet the needs of present and future generations. Keywords: Ukraine’s economy, economic development, sustainable development, the concept of sustainable development, goals and principles, model of sustainable development, eurointegration.