Researching the Factors of Economic Cyclicity of Development of Ukraine in Conditions of Globalization

Abstract

The article is aimed at researching the factors of economic cyclicity and identifying the regularities of the country’s development in conditions of globalization. The changes of indicators of economic cyclicity in the context of four states of socio-economic system and also the crisis dynamics of Ukraine are analyzed. The change of the economic indices for the world countries in 2008–2017 is explored. Discrepancies of the components of economic system of Ukraine in contrary to the needs of competitive development of advanced countries are defined. It is determined that trade and investment are the leaders of this period of economic recovery. According to the results of research on the economic cyclicity factors, the authors came to the conclusion that Ukraine is again on the verge of economic survival. However, despite considerable difficulties, the country retains the potential for recovery, and with accelerated reforms, changes in the public administration system, active involvement in global production and financial flows, etc. Ukraine will be able to take a worthy place in the world economy in a relatively short period. Prospect for further research in this direction is a substantiation of modeling the global economic cyclicity, and at the conceptual level there is a need to refine some concepts together with a logical use of them in practice.

Keywords

• economic cyclicity
• crisis
• factors
• cycle
• globalization