Directions for Reducing Excessive Import Dependence of Ukraine’s Economy

Volodymyr Olefir – Institute for Economics and Forecasting, NAS of Ukraine, Panasa Myrnogo, 26, Kyiv, 01011, Ukraine

7th International Scientific ERAZ Conference – ERAZ 2021 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  Online/virtual, May 27, 2021

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; AMBIS University, Prague – Czech Republic; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia

ERAZ Conference 2021 Conference Proceedings: ISBN 978-86-80194-46-2, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2021

Abstract: The purpose of the study is to substantiate the directions and methods of reducing excessive import dependence of the Ukrainian econ­omy. To achieve the goal of the study, the following methods were used: comparison, grouping, averages, seasonal smoothing of time series, factor analysis. The level and dynamics of import dependence of the Ukrainian economy are estimated. A comparative analysis of the import dependence of the Ukrainian economy with the import dependence of the economies of other countries was made. It is proved that the level of import dependence of Ukraine’s economy is excessive. The main reasons for excessive import dependence are identified. The negative consequences of excessive import dependence have been studied. Foreign experience of increasing competi­tiveness and reducing import dependence is analyzed. The effectiveness of national programs to increase domestic production is summarized. Direc­tions to reduce excessive import dependence are proposed. The concept of rational protectionism is substantiated.

ERAZ Conference

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