Ukraine in the European arena: a two-dimensional analysis based on macroeconomic criteria

Abstract

This comparative analysis deals with the data on the GDP per capita and the external debt per capita in the European countries. It investigates the interdependence of these macroeconomic criteria, introducing a two-dimensional approach aimed at defining the relation between the debt liabilities of the country and its socio-economic development. The results are then extrapolated to the current geopolitical situation in Europe with the main focus on Ukraine - the Eastern European player within the framework of the EU Eastern Partnership Programme.

Keywords

• GDP
• external debt
• EU
• Ukraine
• Eastern Partnership
• integration