Ukraine Depressive National Economy Destructive Factors
- DOI
- 10.2991/smtesm-19.2019.17How to use a DOI?
- Keywords
- national economy, depressed economy, corruption, national debt, economic interests, business, authority, hidden economy , destructive factors
- Abstract
It is proved that in economics depression is characterized not only as a lasting, long-term decline in industries economic activity but as a consequence of destructive factors influence. Those factors that are primary cause of the national economy depressed state in the context of importance of issues related to Ukraine economic development are investigated. These factors include big business merger with politics, hidden economy, corruption and high level of money laundering. It is defined that consequences of these factors influence include increase in country's debt dependence, labor migration, low rates of economic growth, etc. Author’s definition of “depressed economy” notion is suggested. A pyramid of destructive factors and their consequences influencing the nation economy depressiveness is built up. The pyramid has the form of an inverted one, since it demonstrates more clearly the author's concept, which emphasizes the primary cause of all problems in the national economy, which is merging of state and business economic interests. An opinion of the necessity of forming a public administration paradigm based on the principles of integrity, patriotism and state economic interests priority over personal and business interests is expressed.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Liana Ptaschсenko AU - Alina Glushko AU - Nelia Volkova AU - Valeriia Volkova PY - 2019/09 DA - 2019/09 TI - Ukraine Depressive National Economy Destructive Factors BT - Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2019) PB - Atlantis Press SP - 82 EP - 86 SN - 2352-5428 UR - https://doi.org/10.2991/smtesm-19.2019.17 DO - 10.2991/smtesm-19.2019.17 ID - Ptaschсenko2019/09 ER -