Implementation of State Economic Policy under Corporatocracy: Financial and Credit Aspect

Authors

  • Mykola Kovalenko Kharkiv Regional Institute of Public Administration of the National Academy for Public Administration under the President of Ukraine
  • Dmytro Ziuz Kharkiv Regional Institute of Public Administration of the National Academy for Public Administration under the President of Ukraine
  • Olena Smihunova Kharkiv Petro Vasylenko National Technical University of Agriculture
  • Natalia Bondar Kharkiv Petro Vasylenko National Technical University of Agriculture
  • Halina Omelchenko Kharkiv Petro Vasylenko National Technical University of Agriculture

DOI:

https://doi.org/10.5755/j01.ppaa.19.3.26842

Keywords:

state economic policy, transformation, economic theory, corporatocracy, currency board, financial capacity of state, financial and credit system

Abstract

The article brings focus to the subject of ensuring the financial capacity of Ukraine as an important prerequisite for further transformations of the national economy. The modern problems of making state economic policy in the conditions of corporatocracy are covered. The disadvantages of implementing the state economic policy under the influence of corporatocracy, as a new type of government which expresses the interests of transnational corporations, are considered. Indicators are determined to assess the spread of corporatocracy in Ukraine, when assessing the system of indicators of economic relations between residents and non-residents in the study of the interdependence of the monetary base and international reserves. The implications of currency board for the financial capacity of the state are analyzed. Proposals for improvement of the domestic financial and credit system have been elaborated. The study used the following methodological tools: historical, logical, analysis, tabular, graphical, and comparative methods; abstraction and concretization; generalization.

Author Biographies

  • Mykola Kovalenko, Kharkiv Regional Institute of Public Administration of the National Academy for Public Administration under the President of Ukraine

    Mykola Kovalenko – Dr. habil. in Public Administration, Professor of Economic Theory and Finances Department, Kharkiv Regional Institute of Public Administration of the National Academy for Public Administration under the President of Ukraine.

    E-mail: kovnn1@gmail.com

    Mykola Kovalenko – viešojo administravimo daktaras, Nacionalinės viešojo administravimo akademijos prie Ukrainos Prezidento Charkovo regioninio viešojo administravimo instituto Ekonomikos teorijos ir finansų katedros profesorius.

    Еl. paštas: kovnn1@gmail.com

  • Dmytro Ziuz, Kharkiv Regional Institute of Public Administration of the National Academy for Public Administration under the President of Ukraine

    Dmytro Ziuz – Postgraduate student of Economic Theory and Finances Department, Kharkiv Regional Institute of Public Administration of the National Academy for Public Administration under the President of Ukraine.

    E-mail: 31036@ukr.net

    Dmytro Ziuz – Nacionalinės viešojo administravimo akademijos prie Ukrainos Prezidento Charkovo regioninio viešojo administravimo instituto Ekonomikos teorijos ir finansų katedros aspirantas.

    Еl. paštas: 31036@ukr.net

  • Olena Smihunova, Kharkiv Petro Vasylenko National Technical University of Agriculture

    Olena Smihunova – Ph.D. (Economic Sciences), Associate Professor Department of Organization of Production, Business and Management, Kharkiv Petro Vasylenko National Technical University of Agriculture.

    Е-mail: elenasmigunova@gmail.com

    Olena Smihunova – Ph.D. (Ekonomikos mokslai), Charkovo P. Vasylenko Nacionalinio žemės ūkio universiteto Gamybos, verslo ir vadybos organizavimo katedros docent.

    Еl. paštas: elenasmigunova@gmail.com

  • Natalia Bondar, Kharkiv Petro Vasylenko National Technical University of Agriculture

    Natalia Bondar – Ph.D. (Historical Sciences), Associate Professor UNESCO Chair for “Philosophy of Human Communication”, Social and Humanity Sciences, Kharkiv Petro Vasylenko National Technical University of Agriculture.

    Е-mail: nbon79@gmail.com

    Natalija Bondar – Ph.D. (Istoriniai mokslai), Charkovo P. Vasylenko Nacionalinio žemės ūkio universiteto UNESCO socialinių ir humanitarinių mokslų „Žmonių bendravimo filosofijos“ katedros docent.

    Еl. paštas: nbon79@gmail.com

  • Halina Omelchenko, Kharkiv Petro Vasylenko National Technical University of Agriculture

    Halina Omelchenko – Senior Lecturer, UNESCO Chair for “Philosophy of Human Communication”, Social and Humanity Sciences, Kharkiv Petro Vasylenko National Technical University of Agriculture.

    Е-mail: galinomelchenko@gmail.com

    Halina Omelchenko – Charkovo P. Vasylenko nacionalinio žemės ūkio universiteto UNESCO socialinių ir humanitarinių mokslų „Žmonių bendravimo filosofijos“ katedros vyresnioji dėstytoja.

    Еl. paštas: galinomelchenko@gmail.com

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Published

2020-10-15

Issue

Vol. 19 No. 3 (2020)

Section

Articles