Global Economy and Ukraine's Geo-Economic Priorities

Abstract

The article researches the transformation of the economic system in modern realities, defines the main theoretical principles of geoeconomic policy formation in the conditions of geopolitical challenges, analyses the dynamics of the global economy and its state, forecasts the opportunities for the functioning of Ukraine under conditions of geoeconomics as well as considers possible scenarios for the formation of the geoeconomic policy of Ukraine and their priorities. Since gaining independence, Ukraine has been rebuilding its geoeconomic policy strategy. Even before Ukraine started changing its geoeconomic policy due to the events in the east of the country, the state had not decided which vector to choose and where to move next, and the main principle was to achieve multi-vector cooperation with the EU and the West in the economic, political and military spheres, while being completely dependent on Russia, including production that was oriented to the markets of the CIS countries. The relevance of the study is obvious, as Ukraine has been in martial law for more than a year. This explains many economic problems, the caution of foreign investors to enter Ukraine, and even the lack of competitiveness of the Ukrainian economy in foreign markets. Therefore, there is an urgent need to transform Ukraine's geo-economic priorities. The purpose of the study is to transform the economic system of Ukraine and to outline the main principles of Ukraine's geo-economic priorities. In accordance with the topic, the article solves the following tasks:

- to study the theoretical foundations of geoeconomic policy formation;

- outline the challenges of the global world and Ukraine's reforms in the global transformation;

- to propose the Ukrainian dimension of new geoeconomic priorities.

The subject of the study is the theoretical and methodological foundations of Ukraine's geo-economic priorities. The object of the study is the process of researching Ukraine's geo-economic priorities. To solve the tasks set in the work, general scientific research methods and a number of specific methods of scientific research cognition were used, namely: scientific abstraction, comparison, grouping, systematization, graphical, statistical, economic analysis and logical analysis.