Sokol O., MECHANISMS OF GOVERNMENT SUPPORT FOR THE ECONOMIC COMPETITIVENESS OF UKRAINE IN THE CONDITIONS OF GLOBALIZATION

Sokol O.

candidate, National University of Civil Defense of Ukraine, Kharkiv
ORCID: 0009-0005-7577-737X

MECHANISMS OF GOVERNMENT SUPPORT FOR THE ECONOMIC COMPETITIVENESS OF UKRAINE IN THE CONDITIONS OF GLOBALIZATION

DOI: 10.52363/passa-2024.2-18

Abstract

The article examines current mechanisms of state support for the economic competitiveness of Ukraine in the context of globalization challenges. Based on a complex analysis, the key areas of improvement of the state policy in the sphere of increasing the competitiveness of the national economy have been determined. Particular attention is paid to institutional reforms, digital economy development, infrastructure modernization, and innovation potential strengthening. The specifics of the transformation of state support mechanisms in the conditions of European integration and the digital transformation of global markets have been studied. The state's role in forming a favorable business environment, stimulating export activity, and developing human capital is analyzed. The priority directions for improving state support mechanisms have been identified, considering the international experience and national features of economic development. Recommendations for strengthening Ukraine's competitive position on world markets through the implementation of complex state support mechanisms covering institutional, innovative, infrastructural, and socio-economic aspects of development are proposed.

Keywords: state support, competitiveness of the economy, globalization, economic reforms, political measures, sustainable development.

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