scholarly journals Comparison of Ukraine and the EU on Key Indicators of a Healthy Economy

2020 ◽  
pp. 134-141
Author(s):  
L.Yu. Saher ◽  
N.Ye. Letunovska ◽  
A.P. Nazarenko

Modern approaches to economic management are based on sustainable development principles, which ensure the balance between economic, environmental, and social targets of public policy, balancing society's current and future interests. The mechanism for achieving the target values of sustainable development indicators is the formation of a healthy economy. A healthy economy provides opportunities for stable growth and minimizes social risks caused by economic problems. The importance of forming a healthy economy is confirmed by a significant amount of research on this topic in developed countries, particularly the European Union. The Ukrainian scientific community ignores this issue. That indicates different economic management approaches, identifying priorities for its development, coordinating economic and social, strategic, and tactical goals. The paper presents a comparative analysis of key indicators that determine a healthy economy. Such indicators include GDP, employment, and inflation. According to numerous studies, these indicators are the most indicative in assessing the economic system to determine whether it can be considered healthy. As a result of the study, significant differences in Ukraine and the European Union's studied indicators were revealed. Based on statistical information, a steady upward trend in key indicators of socioeconomic development in the European Union has been established. Instead, similar indicators in Ukraine indicate economic instability, which has a significant negative impact on the country's further development and the prospects for a healthy economy. Thus, the analysis allows us to conclude that the European Union's economy generally meets the definition of a healthy economy and creates the conditions for sustainable development of the European Union. Instead, Ukraine's economy is focused on solving tactical problems and cannot solve socio-economic development's strategic tasks.

Author(s):  
Irina Geanina Harja ◽  

In the last decade, it has come to the recognition and awareness that European states and the business environment have been constantly guided by the objectives set out in the strategies by the European Union. Due to the crises, that arose, the whole of contemporary society was in a constant struggle to maintain a balance between the economic, social and environmental. Thus, the trinomial of the interdependence between economic growth, resource use and environmental protection, now known as "sustainable development", creates a multitude of activities that succeed in promoting realistic strategies on how to manage the natural resource base. Currently, due to the new crisis in the European economy, a trinomial has formed between entrepreneurship - pandemic - sustainable development. The EU continues to play its role in protecting citizens and the business community by mobilizing financial resources to minimize the negative impact of the pandemic. The purpose of this article is to highlight the fact that awareness of the emergence of a new impending crisis is forcing EU states to consider the sustainable development of the entrepreneurial environment as the driving force of the late twentieth century.


2019 ◽  
Vol 8 (2) ◽  
pp. 186-198
Author(s):  
Viktorija Šipilova

Abstract Currently, the issues on sustainability receive extremely high interest, especially from young generation. This makes universities as key participants in sustainable development as far as they provide wide possibilities for engagement in the process. Despite many studies devoted to universities as participants of sustainable development, there still is insufficient knowledge about their contribution to the process. Mostly, studies are qualitative and consider certain examples of good practices, which do not provide insights on common and different characteristics and trends of universities’ contribution to sustainable development. This is the result of the early stage of development of the reporting about universities’ sustainable efforts what limits possibilities to carry quantitative analysis. The paper aims, first, to search for characteristics of universities’ contribution to sustainable development and, second, to detect trends by using numerical secondary data worked up in UI GreenMetric World University Ranking. The paper focuses on universities from European Union. Special attention is devoted to countries’ economic development level as far as scientific literature suggests that the level of economic development may affect involvement in sustainable development. Research findings allows to indicate that there are both common and distinct characteristics across the cases from economically high and less developed countries what is significant for further policy-making and popularizing of sustainability idea across universities in the European Union. Universities continue to improve practices and search for new accents. However, universities’ intention to report about their sustainable efforts in long-term perspective for continuing data collection must be more active.


Author(s):  
Lubica LESAKOVA ◽  
Peter LACO

Eco-innovation becomes an emerging priority of the European Union (EU) policy. To secure the environmental protection and economic growth eco-innovations have a central role. As the numerous practical examples demonstrate, eco-innovation is a powerful instrument that combines reduced negative impact on the environment and the positive impact on the economy and society. Emphasizing eco-innovation as a means for achieving sustainable development requires information on the performance of main actors, in particular, countries.


2019 ◽  
Vol 11 (15) ◽  
pp. 4249 ◽  
Author(s):  
Magdalena Ziolo ◽  
Beata Zofia Filipiak ◽  
Iwona Bąk ◽  
Katarzyna Cheba ◽  
Diana Mihaela Tîrca ◽  
...  

The goal of the paper is to examine the relation between finance and sustainability, with a special emphasis on the impact of negative externalities. Sustainable development as a concept aims to mitigate negative externalities. Conventional finance offers no room for the environment and society. Therefore, three-dimensional sustainable finance has appeared. This paper is the first original attempt to examine the relationship between: financial, economic, environmental and social development indicators from the sustainability perspective, with a special focus on externalities. To study the disparities between the European Union (EU) countries belonging to the OECD in the field of sustainable development and sustainable finance, the multi-criteria taxonomy was used. The basis of the analyses was the indicators transformed according to the relative taxonomy method. The database, based on Eurostat, contains indicators describing pillars of sustainable development such as: economic (12 indicators), social (28), environmental (7) and sustainable finance (16). The study analyses the sample of 23 countries in 2007, 2013 and 2016. The results confirm a positive relationship among the analysed indicators. On the basis of 62 statistical features selected according to the statistical methods, 7 groups of countries were obtained in 2007 and 2013 and 8 groups in 2016. In the case of Scandinavian countries, one can observe a permanent separation of economic growth from its negative impact on the natural environment. Such dependencies are no longer so obvious in the case of other EU countries belonging to the Organization for Economic Cooperation and Development (OECD). Therefore, attention should be paid to the most economically developed countries in Western Europe, i.e., Belgium, Germany, Luxembourg, the Netherlands and the United Kingdom, whose high rankings in the case of economic, social and very often also financial results correspond to much worse results in the case of environmental development.


2016 ◽  
Vol 6 (2) ◽  
Author(s):  
TIHANA CEGUR RADOVIĆ ◽  
IVANA VARIČAK ◽  
NIKOLINA SMAJLA

Sustainable development has become a leading paradigm in the late 20th century when it became obvious that economic growth has a negative impact on the natural balance and social events, although its declared objective is the development of economy and society. The most frequently quoted definition is the one used by the World Commission on Environment and Development - WCED) as reported in 1987 in ‘’Our Common Future’’, according to which ‘’Sustainable development is development that meets the needs of th e present without compromising the ability of future generations to meet their own needs.‘’ The European Union has been supporting sustainable development for several decades already, and the new Europe 2020 strategy is the one for smart, sustainable and inclusive growth of all member states of the European Union. From the above it is evident how much importance the European Union attaches solely to sustainable development. Given the importance of sustainable development, it is becoming a subject of study at all levels of education is extremely significant, especially at the tertiary level. The subject of this paper is to examine the curricula of universities in the Republic of Croatia with the aim of analyzing the extent to which sustainable development is being studied and whether there are existing comprehensive interdisciplinary programs dealing with this issue. Key words: sustainable development, education, high education.


2020 ◽  
pp. 97-105
Author(s):  
Aleksandra Kusztykiewicz-Fedurek

Political security is very often considered through the prism of individual states. In the scholar literature in-depth analyses of this kind of security are rarely encountered in the context of international entities that these countries integrate. The purpose of this article is to draw attention to key aspects of political security in the European Union (EU) Member States. The EU as a supranational organisation, gathering Member States first, ensures the stability of the EU as a whole, and secondly, it ensures that Member States respect common values and principles. Additionally, the EU institutions focus on ensuring the proper functioning of the Eurozone (also called officially “euro area” in EU regulations). Actions that may have a negative impact on the level of the EU’s political security include the boycott of establishing new institutions conducive to the peaceful coexistence and development of states. These threats seem to have a significant impact on the situation in the EU in the face of the proposed (and not accepted by Member States not belonging to the Eurogroup) Eurozone reforms concerning, inter alia, appointment of the Minister of Economy and Finance and the creation of a new institution - the European Monetary Fund.


2019 ◽  
Vol 18 (Vol 18, No 4 (2019)) ◽  
pp. 439-453
Author(s):  
Ihor LISHCHYNSKYY

The article is devoted to the study of the implementation of territorial cohesion policy in the European Union in order to achieve a secure regional coexistence. In particular, the regulatory and institutional origins of territorial cohesion policy in the EU are considered. The evolution of ontological models of cohesion policy has been outlined. Specifically, the emphasis is placed on the key objective of political geography – effectively combining the need for "territorialization" and the growing importance of networking. The role of urbanization processes in the context of cohesion policy is highlighted. Cross-border dimensions of cohesion policy in the context of interregional cooperation are explored. Particular emphasis is placed on the features of integrated sustainable development strategies.


2021 ◽  
Vol 13 (7) ◽  
pp. 3985
Author(s):  
Adam Kozień

The concept of sustainable development is widely used, especially in social, environmental and economic aspects. The principle of sustainable development was derived from the concept of sustainable development, which appears in legal terms at the international, EU, national and local levels. Today, the value of cultural heritage that should be legally protected is indicated. A problematic issue may be the clash in this respect of the public interest related to the protection of heritage with the individual interest, expressed, e.g., in the ownership of cultural heritage designates. During the research, scientific methods that are used in legal sciences were used: theoretical–legal, formal–dogmatic, historical–legal methods, as well as the method of criticism of the literature, and legal inferences were also used. The analyses were carried out on the basis of the interdisciplinary literature on the subject, as well as international, EU and national legal acts—sources of the generally applicable law. Research has shown that the interdisciplinary principle of sustainable development, especially from the perspective of the social and auxiliary environmental aspect, may be the basis for weighing public and individual interests in the area of legal protection of cultural heritage in the European Union. It was also indicated that it is possible in the situation of treating the principle of sustainable development in terms of Dworkin’s “policies” and allows its application not only at the level of European Union law (primary and secondary), but also at the national legal orders of the European Union Member States.


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