Global trends of inclusive development: challenges and opportunities for Ukraine
The article examines global development trends affecting income distribution and the state of economic inequality. It exposes that the dominant model of neoliberal economic liberalisation turned to be, in recent decades, a powerful factor of the growing economic inequality among different countries and, to a lesser extent, between different strata within national economies. The unfolding of the Fourth Industrial Revolution and radical technological transformations worldwide is becoming a new factor of the potential growth of inequality due to uneven impact of this factor on different sectors of the economy and types of production, and therefore on the dynamics and profitability of various professions. The study shows that the factors of economic inequality growth are matched by countervailing factors strengthening the trend of inclusive development. Technological factors can create opportunities for income equalisation under a properly constructed strategy of technological innovations and strengthening the adaptation capabilities of different groups of workers and different social strata to structural and technological shifts. The author shows that global trends are manifested in Ukraine in a specific way, primarily due to a long period of stagnation in the innovation process within the country. However, this characteristic must be eliminated in the process of technological enhancement of the defence potential, post-war economic recovery of the country on a new technological basis, and adaptation to the conditions of EU membership, bringing development trends within the country closer to global trends and European standards. In this context, an important role, according to author, should be played by the process of active implementation within national economies of the recommendations of leading global organizations and forums dealing with issues of socio-economic development, as well as the guidelines of the European Union’s cohesion policy.
Baldgy, M.D. (Ed.). (2021). Inclusive Economy: Theory and Practice: monograph. Kyiv: Huliieva V.M. [in Ukrainian]
Hutorov, A.O. (2018). Genesis of forming a paradigm of inclusive development of the national economy. Actual problems of innovative economy and law, 4, 47-53. URL: http://nbuv.gov.ua/UJRN/apie_2018_4_10 [in Ukrainian]
Shynkaruk, L.V., Vlasenko, Yu.G., Gerashchenko, V.A. (2019). Theories of wave development and synergetics and inclusiveness of the economy. Problems of Economy and Political Economy, 2, 229-245. URL: http://nbuv.gov.ua/UJRN/pepe_2019_2_18 [in Ukrainian]
Tymkiv, A. (2023). Inclusive economy as the object of modern scientific research. Inclusive Economics, 1, 41-47 [in Ukrainian]
Tsapko-Piddubna, O.I. (2018). The Principle of Inclusion in Modern Concepts of Economic Growth. The Problems of Economy, 3, 29-36. URL: https://www.problecon.com/export_pdf/problems-of-economy-2018-3_0-pages-29_36.pdf [in Ukrainian]
Stepanenko, S. (2023). Theoretical and conceptual basis of inclusive development of the economy. Scientific View: Economics and Management, 3, 56-63 [in Ukrainian]
Mantsurov, I., Mantsurov, D., Khrapunova, Ya. (2018). International standards of inclusive growth as a basis for shaping an efficient economic policy of the state. Journal of European Economy, 17 (4), 413-437 [in Ukrainian]
Brodovska, O.H. (2023). The Global Inclusive Economy Facing the Latest Transformation Challenges. Ternopil: West Ukrainian National University [in Ukrainian]
Sedikova, I., Palvashova, H. (2024). The concept of inclusive development as a basis for fighting today’s global challenges. Inclusive Economics, 1 (3), 64-71 [in Ukrainian]
Shults, S.L., Lutskiv, O.M. (2020). Innovative component of the inclusive model of economic growth of EU member countries. Economic Innovations, 22 (3), 150-158 [in Ukrainian]
Grytsenko, A.A. (2016). Ukraine’s economy on the road to inclusive development. Ekon. Prognozuvannâ – Economy and forecasting, 2, 9-23 [in Ukrainian]
Bobukh, I.M., Shchegel, S.M. (2018). Strategic environments of economic growth in Ukraine: inclusiveness as a key priority. Visnyk of the National Academy of Sciences of Ukraine, 7, 55-70 [in Ukrainian]
Tripak, A., Petrukha, S., Tymkiv, A. (Eds.). (2022). Dominants of the Formation of an Inclusive Society in Ukraine: monograph. Kamianets-Podilskyi: West Ukrainian National University [in Ukrainian]
Zavgorodniy, K. (2023). Predictive models of inclusive development of the national economy and society in conditions of war. Investytsiyi: praktyka ta dosvid, 7, 58-63 [in Ukrainian]
Irtyshcheva, I.O., Kramarenko, I.S., Zavhorodnii, K.V., Neimet, V.V. (2023). Post-war reconstruction of the national economy based on inclusive development. Actual problems of innovative economy and law, 3, 13-17 [in Ukrainian]
Dulska, I.V. (2018). ICT as a technological basis for inclusive social and economic growth. Ukr. socìum – Ukrainian Society, 1 (64), 59-73 [in Ukrainian]
Tymkiv, A.O. (2020). The digital economy and the touchless economy: opportunities for an inclusive society. Іntеrnаtіоnаl Scіеntіfіc Jоurnаl “Іntеrnаukа”, 10, 19-24 [in Ukrainian]
Nikitenko, V., Metelenko, N. (2022). The model of digital transformation of the economy as a factor of sustainable, equitable and inclusive development. Humanities studies, 13, 131-143 [in Ukrainian]
Arutyunyan, O.G. (2024). The Development of Inclusive Economy in the Context of Digital Transformation. Business Inform, 7, 86-92 [in Ukrainian]
Honcharenko, O., Bahorka, D., Efremov, D. (2023). Innovative business as a determinant of the formation of an inclusive economy. Economic bulletin of the Dniprovsk state technical university, 1, 7-14 [in Ukrainian]
Khumarova, N.I. (Ed.). (2024). Economy of Experiences and Nature Management: Principles of Inclusiveness and Sustainability. Kyiv: Akademperiodyka [in Ukrainian]
Zvarych, I.Ya. (2021). Determinants of the Formation of a Global Inclusive Circular Economy. Business Inform, 1, 40-48 [in Ukrainian]
Sobolieva, H., Ivanova, A. (2023). Inclusive “green” economy. Scientific View: Economics and Management, 1, 146-149 [in Ukrainian]
Alisjahbana, A.S., Sen, K., Sumner, A., Yusuf, A.A. (Eds.). (2022). The Developer’s Dilemma: Structural Transformation, Inequality Dynamics, and Inclusive Growth. United Nations University World Institute for Development Economics Research. Oxford: Oxford University Press.
Klingler-Vidra, R., Glennie, A., Lawrence, C.S. (2022). Inclusive innovation. Milton Park, Abingdon, Oxon; New York, NY: Routledge, Taylor & Francis Group.
Dotti, N.F., Musiałkowska, I., De Gregorio Hurtado, S., Walczyk, J. (Eds.). (2024). EU Cohesion Policy: a multidisciplinary approach. Cheltenham, UK; Northampton, MA, USA: Edward Elgar Publishing.
Can social protection be an engine for inclusive growth? (2019). Development Centre Studies. OECD. Paris: OECD Publishing.
Industry 4.0 for inclusive development. (2022). New York: United Nations, UNCTAD. https://unctad.org/system/files/official-document/dtlstict2022d4_en.pdf
Kuznets, S. (1955). Economic growth and income inequality. American Economic Review, 45 (1), 1-28. URL: https://assets.aeaweb.org/asset-server/files/9438.pdf
Schwab, K. (2016). The Forth Industrial Revolution. Geneva: World Economic Forum. URL: https://ia903404.us.archive.org/26/items/the-fourth-industrial-revolution-klauss/The_Fourth_Industrial_Revolution_Klaus_S.pdf
Susskind, R., Susskind, D. (2015). The Future of the Professions: How Technology Will Transform the Work of Human Experts. Oxford: Oxford University Press.
Future of Jobs Report 2023. (2023). World Economic Forum. URL: https://www3.weforum.org/docs/WEF_Future_of_Jobs_2023.pdf
Kinder, M., Souza Briggs, X., Muro, M., Liu, S. (2024). Generative AI, the American worker, and the future of work. Brookings, October 10. URL: https://www.brookings.edu/articles/generative-ai-the-american-worker-and-the-future-of-work/
Agemoglu, D., Robinson, J.A. (2012). Why Nations Fail. The Origins of Power, Prosperity, and Poverty. New York: Crown Business.