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The article is devoted to the role of economic legislation in the post-war period. The concept of an economic system, its step-by-step transformation and the prerequisites for entering higher-level systems are revealed. Separate arguments are given in favor of the primary importance of legal regulation, which is aimed at the development of economic relations, as well as strengthening the role of the economy in order to achieve the strategic course of the state. It is emphasized that the development of social relations depends on the stable functioning of the economic system. Currently, the economic system of Ukraine is at the stage of dynamic structural development and modernization, it has passed the stage of its formation and is at the stage of integration into the European economic and world economic systems. The article analyzes individual issues of economic cooperation between Ukraine and the EU, as well as provisions of the National Economic Strategy for the period up to 2030. The outline of the concept of legal regulation of economic relations, the development of relevant recommendations for the improvement of legislation and the formulation of separate theoretical conclusions are proposed in view of the meaningful nature of the categories: economic activity, economic sector, economic system, economic relations, economic legislation. The author's definition of the economic system is proposed as a functionally and structurally defined entity that unites the branches of the economy, characterizes the national level of legal organization, which is characterized by the legislative definition of the purpose, tasks and directions of operation, the consolidation of entities that ensure the operation, use of property and the corresponding infrastructure. The author believes that the economic system materializes and unites types of economic activity by separating them at the sectoral level. Therefore, branches of the economy are subsystems, the functioning of which is ensured by the implementation of homogeneous types of economic activity. The aggregate result of the functioning of the economic system is formed at the expense of performance indicators of all subsystems. All branches of the economy together ensure the structuring of the economic system of our country according to the subject. Economic legislation can be defined as a system of normative legal acts that regulate social relations arising in connection with the functioning of the economic system of Ukraine. In view of the above, it is proposed to refer to the system of economic legislation "industry" institutions, represented by normative legal acts that regulate social relations arising in connection with the functioning of one or another branch of the economy. [ABSTRACT FROM AUTHOR]

The article highlights that the legal system of Ukraine should contain methods and means of regulation that are adequate to the demands of the time, capable of quickly adapting the economy of Ukraine to the new market conditions and creating favorable competitive positions for domestic business entities. It emphasizes that achieving high indicators of economic development in Ukraine will undoubtedly be impossible if legal regulation lags behind the dynamic development of social relations in those sectors of the economy that have already undergone significant structural changes under the influence of war. The aim of the study is to substantiate the priority directions of forming a legal framework for post-war economic recovery in Ukraine. It is argued that during the period of post-war recovery, thanks to qualitative legal reforms in Ukraine, the foundation should be laid for compliance with the laws by the authorities, citizens, and business without causing conflicts of interest, imposition of erroneous values on society, complicating the implementation of normative prescriptions, especially during periods of revolutionary changes as a form of expressing fundamental changes both in the legal consciousness of citizens and in the construction of the legal system of the state. Emphasis is placed on the fact that shifts in the socio-economic sphere will be accompanied by a timely response from the state in the form of creating appropriate legislative frameworks capable of effectively regulating the actual formation of social relations groups. In particular, with the spread of digitalization in the economy, the state will focus on the most innovative areas, the legal regulation of which currently remains insufficient and inadequate to the demands of the times, including the IT technology sphere, the market of virtual assets, artificial intelligence, and so on. It is argued that the question of significant improvement of approaches to the development of constitutional principles of the economic system of Ukraine becomes strategically important for Ukraine's development and overcoming controversial approaches to choosing a model of legal regulation of the economy. It is argued that in the medium and long-term perspective, the key problem of legislative regulation of social relations - the low effectiveness of legal acts - will be solved. Arguments have been made in favor of deepening legal transformations in the country by minimizing the risks of deviant behavior of citizens and opposing their interests to socially important goals of state regulation. This is seen as possible by laying the ideology of human-centeredness at the heart of key legislative changes. A general conclusion is drawn that the development of Ukraine should be based on the concept of stability and consistency of transformations, moving away from quick decisions with unforeseeable risks, and taking into account the experience of the EU in implementing reforms in strategically important areas of state activity. [ABSTRACT FROM AUTHOR]

The study of the development of digitalization of regional economic systems in the context of military aggression and post-war recovery of territories is an urgent and important task for the State today. The European vector of digital technology development, which Ukraine has chosen and is implementing, despite the difficulties, has allowed to significantly improve the development of the digital sector in our country. A study of the state of digital transformation of the regions of Ukraine in the pre-war period was carried out using the Digital Transformation Index, which made it possible to identify the leading and outsider regions in the development of digital content and to identify the strengths and weaknesses for each region as part of the calculation of the relevant sub-indices. First of all, such innovations in digital technologies concern the public sector, which, based on the development of software products (such as Diia), has allowed society to significantly improve and speed up the processes of obtaining a certain list of public services online. Development of the software product Hromada 4.0. for local self-government bodies, has allowed the introduction of new digital technologies in them to ensure equal access of the population to the necessary public services. The main focus of this program is digital solutions to improve municipal governance, increase cybersecurity of data. The development of the «EU4Digital: Supporting the Digital Economy and Society in the Eastern Partnership» program has improved the lives of the population by stimulating economic growth, creating new jobs, supporting small and medium-sized businesses by taking advantage of the benefits of the EU Digital Single Market for Ukraine. The study of the development of digitalization of regional economic systems allowed to identify four areas of obstacles (institutional, infrastructural, ecosystem, and e-government) that hinder this development. Six directions for the development of regional economic systems on the basis of digitalization are proposed, which will increase access to public services for more segments of the population, that should simplify the procedure for obtaining such services and reduce the level of bureaucracy in our country. [ABSTRACT FROM AUTHOR]

The article focuses on examining specific factors that influence the economic security of countries in the face of increasing global volatility. It explores the essence of exogenous factors, such as international trade, foreign investments, and international financial markets, and their impact on the state of economic security. The analysis considers the effects of current geopolitical changes, macroeconomic shocks, and crisis situations on a country’s economic stability. The importance of developing risk management strategies and diversifying risks to maintain an appropriate level of economic security in an unpredictable global environment is emphasized. The article also highlights the significance of developing adaptation and reserve mechanisms, as well as implementing prudent risk management practices, to ensure the stability of a country’s economic system. Based on the identified determinants, several proposals are put forward regarding the need for regulatory political and economic measures that can enhance a country’s economic security in modern conditions. The constant growth of interdependence in international markets, capital mobility, and the expansion of foreign trade volumes present new challenges and threats to the economic stability of countries. Exogenous determinants, which are external factors beyond the direct control of the state, have a significant impact on economic security. The current environment of global volatility, including financial crises, trade conflicts, unpredictable changes in global commodity markets, and major shifts in the geopolitical sphere, greatly affect economic security. These factors can lead to economic disruptions, reduced production, increased unemployment and inflation, disruptions in financial stability, and generate additional threats to sociopolitical stability. Therefore, understanding exogenous determinants and their influence on economic security is crucial for developing effective risk management strategies and ensuring the stability of a country’s economy [ABSTRACT FROM AUTHOR]

The peculiarities of regulating the dynamics of the world financial and economic system (FES) in the conditions of globalization are considered. It is proposed to use the matrix of the cross movement of capital as a model for the analysis of the movement of investments and management of the global FES. The need for coordinated actions of regulators of world economies is substantiated, and a model of actions of regulators to preserve the sustainable dynamics of the global FES is developed. The impact of the capital transfer market on the parameters of Kondratiev–Schumpeter waves is considered. A mathematical model for determining the effectiveness of “helicopter money” injections is proposed. To assess the state of the economy in the conditions of globalization, it is proposed to use a combination of the Buffett indicator, the splashing out indicator, foaming coefficient, and the indicator of the rate of change in the share of loan investments. [ABSTRACT FROM AUTHOR]

The idea of creation an optimal environment and ecosystem for the business activity, technology and innovation is not new, but over the years it has not lost its relevance, because today there are already more than 700 industrial parks in different countries of the world, which are a strategic tool for the policy of new economic development. The article analyzes the works devoted to the content of the "industrial park" concept, the definition of its functions, industrial parks' classification, etc. in order to generalize the approaches and results of studies of the economic essence of industrial parks and propose a modern definition of the concept of "industrial park". It has been established that foreign authors usually do not focus on the definition of the concept of "industrial park", using the definition to identify the compliance of the industrial park with the criteria specified by international associations. The interpretation of the term "industrial park" by Ukrainian researchers is almost identical to the definition provided in the Law of Ukraine "On industrial parks" with some differences related to the methodological aspects of the authors' research. It has been recognized that industrial parks are classified according to the presence of readymade industrial premises for the implementation of economic activities by residents (Greenfield, Brownfield, Greyfield). They also differ in scale and list of services. Industrial parks can also include research parks, innovation centers, science and technology parks. As a result of summarizing definitions and characteristics of industrial parks given by the researchers, authors present a definition of the term "industrial park" as a territory, specially organized and managed by a specialized company for accommodating new industries with distribution according to certain latest industry functions, provided with infrastructure, energy, legal conditions for creating a pool of users (tenants or owners) with a single development concept and management system. The common features of industrial parks are highlighted - support of a local and/or regional economic development; creating an environment conducive to work with the knowledge base, establishing contacts and exchanging ideas; provision of premises and other support services; connection with one or more higher educational institutions, research institutes; promotion customers' innovation and competitiveness; assistance in investments in knowledge-intensive business and development of start-ups. Further analysis and evaluation of the functioning of industrial parks should be focused on revealing new aspects of their use in the national economic system in the context of aggravated geopolitical confrontation affecting the economy of Ukraine. [ABSTRACT FROM AUTHOR]

The introduction of advanced technologies by the Industry 4.0 phase at national enterprises is in the initial stages and requires economic support from the state. The system of financial and economic stimulation for the introduction of advanced technologies for smart-industrial development should combine monetary (monetary and credit) and fiscal (tax and budget) incentives. To ensure the validity and optimality of the choice of the list of such measures, it is relevant to build scenarios for the development of national industry using economic and mathematical modelling tools that allow assessing the impact of the identified incentives on the overall economic growth indicators. An analysis of the models by areas of incentives aimed at studying the impact of incentives on the economic performance of enterprises, industry or the overall economy of the States is carried out. The advantages and disadvantages of the DCF, VAR and GARCH models are outlined, which, along with the methods for assessing the effectiveness of individual incentives CBA, ROI, NPV, etc., may require modification to consider individual incentives, the introduction of additional factors and the accumulation of variables to assess the overall impact on the economy. Therefore, they are labour-intensive for solving the outlined problems, but can be used for intermediate calculations for certain incentive areas. For modelling the components of the financial and economic stimulation system at the national level, the most appropriate models are general economic models (Cobb-Douglas model, Solow model, AD-AS model, Samuelson-Hicks model, etc.). The modified Cobb-Douglas model, taking into account the digitalisation factor, reflects the dependence of production on the introduction of advanced smart technologies, has a number of advantages over other models and is technically convenient for long-term calculations, which is required for national industry development scenarios to assess the impact of the introduction of financial and economic stimulation for industrial development. Promising areas of research are outlined. [ABSTRACT FROM AUTHOR]

The article identifies problems of ensuring economic security of enterprises of pharmaceutical industry of Ukraine. It is noted that the state of manufacturing pharmaceutical enterprises, complicated by military operations on the territory of Ukraine, requires the search for instruments to identify and forecast economic security as an effective task of crisis management of enterprises and stabilization of the functioning of the pharmaceutical industry. It is noted that ensuring the economic security of a manufacturing enterprise is considered as a complex system covering organizational-economic, financial, innovation-investment, technical, managerial, informational, legal, ecological, personnel, and other aspects. Taking into account the specifics of production-economic activity of enterprises of the pharmaceutical industry, the main threats to economic security have been identified. On the example of pharmaceutical enterprises, an integral indicator of the level of economic security is computed, taking into account the probability of occurrence of certain threats. A close correlation between the level of economic security of pharmaceutical enterprises and profitability of enterprise activity is identified. It is concluded that the proposed instruments can be applied to enterprises of other sectors of economy, taking into account the specifics of their production activities. It is noted that different degrees of probability and nature of each threat (managed and unmanageable) require implementation of a set of measures to prevent/mitigate the consequences of each threat, which requires additional financial resources, but these costs are rather appropriate investments in stable future development of enterprise. A system of measures for economic security of enterprises in the pharmaceutical industry has been proposed, which provides for a set of interrelated actions to prevent and/or mitigate the consequences of threats in modern socioeconomic and political realities, will solve the issue of creating favorable conditions for the functioning and development of the pharmaceutical industry of Ukraine. [ABSTRACT FROM AUTHOR]

The article considers specificity of determination of national threats as prerequisites for formation of an integrated system of economic security at the national level. It is noted that the integrated system of economic security is a complex structure that includes various components that cover the main spheres of functioning of the national economy. It is defined that the growing complexity of the global geopolitical and economic environment increases the need to create an effective system for managing the country’s economic security. It is noted that the main advantage of the integrated system of economic security of the State is the possibility of its full consideration of fluctuations of the global economic system through careful analysis and monitoring of economic tendencies, changes in world trade or financial markets, and other key global factors. This becomes of particular importance in the view of the State adapting in a timely manner to changes in the global economic environment while ensuring its economic stability and security. The role of determination of national threats in formation of an integrated system of economic security is analyzed. The key factors influencing the economic security of the country, such as geopolitical location, natural resources, technological development, demographic situation, level of corruption, etc., are examined. It is found that the determination of national threats allows to identify the potential risks and vulnerabilities of the national economy. The principles of formation of strategic approaches and policy of ensuring economic security at the national level have been proposed. The peculiarities of introduction of integrated systems of economic security on the basis of determination of national threats are considered. The importance of studying national threats for the formation of an effective system of economic security is proved. The application of the analysis of determination of national threats for the development of strategies for ensuring stability and development of the national economy has been proposed. [ABSTRACT FROM AUTHOR]

The article presents results of a scientific and analytical study of key changes in the world industrial development taking place at the turn of the twentieth and twenty-first centuries. The analysis focuses on changes in the general framework formats (paradigms) and major global trends (megatrends) that characterize the state and likely vectors of the prospects for the development of world industry. The main emphasis is placed on the study of the substantive dominants of the four paradigms, which are of strategic importance for the formation of sustainable processes of long-term industrial development. The author proposes to consider the systemic-civilizational, socio-humanitarian, innovative and globalization paradigms as the basic ones. They form the foundation for the long-term development of industrial production on the basis of principles that are adequate to current global challenges and threats. In addition, the key modern megatrends of the world industry are quite logically integrated into these transformation formats. The main conclusions are summarized as follows. Changes in the systemic and civilizational paradigm are creating a qualitatively different global context for the development and implementation of long-term strategies by all industrial stakeholders. The global nature of the challenges necessitates the organic and harmonious integration of all national economies into a new paradigmatic development framework. This requires active rethinking of strategic concepts and industrial policies by political and economic elites at the national, regional, and global levels. There is a growing trend towards expanding the targeted multi-dimensionality of industrial development as a component of holistic socio-economic systems at any level. Thus, the task of deepening the balance and harmonization of individual vectors and processes, both in the sector itself and in related sectors of the economy, is becoming more urgent. As part of the implementation of the imperatives of the socio-humanitarian paradigm, megatrends are being formed to prioritize the inclusion of humanitarian progress goals in industrial strategies and policies, transition to customer-oriented business models, and reorientation of industrial activities to form/expand the "comfort zone" (in various dimensions). The trend of systemic changes in the models of production use of all types of resources on the basis of maximizing resources' efficiency and environmental safety is strategically important for global industrial development. This will lead to a shift in emphasis in long-term strategies from maximizing the volume and quantity to optimizing the structural and quality parameters of industrial production. The prospects for implementing the innovative paradigm of industrial development will be mainly determined by the scale and dynamics of 4IR deployment in key technological areas (digitalization, robotics, Internet of Things, artificial intelligence, etc.). For sustainable and inclusive development permanent innovative adaptability to changes is becoming a necessary property of industrial production and economic systems at all levels. In the context of the technological trend caused by the 4IR, the factors of information and communication and human resources are becoming increasingly important. The implementation of the innovative paradigm of industrial development contributes to the dynamic formation and deployment of the trend of creativity in the development and modernization of business models and industrial projects. At the current stage of world industrial development, the implementation of the globalization paradigm is accompanied by contradictory phenomena. However, the economic effects of globalization, which have already manifested themselves or are potentially possible, provide grounds to consider the trends caused by it as relatively stable long-term trends. The current processes of national/regional autonomisation should be viewed as a tactical adaptation maneuver in the economic policy of states and regional entities. [ABSTRACT FROM AUTHOR]

The article forms an integrated system of economic security at the national level. It is noted that new threats to Ukraine’s national security today are caused by hostilities on its own territory and certain problems in the country’s economy. In this regard, a sharp lag in technical-technological, organizational, managerial, marketing, and human resources potentials in almost all sectors of the national economy is observed, which significantly affects the level of economic security at the national level. It is specified that when forming an integrated system of economic security at the national level, it is necessary to take into account certain objective circumstances, neglect of which may lead to a loss of control over national interests. It is defined that in today’s conditions, the economic security of a country is the foundation for the functioning of all elements related to this system: political, social, military, environmental, technological, information security, etc. Thus, it can be confidently stated that it occupies a central place in the national security system, since its provision guarantees the vital activity of virtually all spheres of society and contributes to the socioeconomic development of the State. A structure of the economic security of the State is proposed. After analyzing the proposed integrated system of economic security at the national level, the authors note the close interrelation of all types of threats and their impact on the realization of the national interests of the State. It is concluded that the formation of an integrated system of economic security at the national level, which combines the identification of threats to national security and the level of economic security of the country, can ensure the sustainability of all sectors of the economy, long-term economic growth and high quality of life of the country’s population. When building an integrated system of economic security at the national level, the authors identify the main types of threats: of national level, internal economic relations, of territorial level, and threats to public relations, the presence and relevance of which prove the need for an integrated approach to solving the problems of economic security. [ABSTRACT FROM AUTHOR]

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The article substantiates the theoretical and methodological recommendations for the formation of financial and resource support for solving problem situations in regional development and overcoming the region from the trap of socio-economic backwardness. The development of modern economic systems at the national and regional levels is characterized by longterm problems. Economic backwardness, which is based on the lack of financial and resource support for socio-economic growth, is a global problem that requires in-depth research aimed at finding effective ways to form financial and resource support for sustainable regional development. The article proposes to study the problematic situations in regional development and the preconditions for the region to fall into the trap of socio-economic backwardness in the following areas: the study of the dynamics of socio-economic development of the region; identification of established trends in the socio-economic development of the region and identification of its direction; identification of key factors that shape the problematic situations in the socio-economic development of the region; assessment of the preconditions for the region to fall into the "trap of backwardness". To form the financial and resource support of the region out of the trap of socio-economic backwardness, it is proposed to use the method of fuzzy cognitive modelling, which features the ability to determine the relationships and interactions between selected factors of regional socio-economic backwardness. As basic components of the model it is proposed to use three integrated indicators of financial and resource support for regional development: social security; economic (financial) security; environmental security. [ABSTRACT FROM AUTHOR]

The methodological basis for understanding the essence of the definition of «development» was the generalized results of research by various scientific schools in this direction. On the basis of the dialectical estimation of scientific research carried out by the author on the existing understanding of the essence of economic development and economic development of enterprise, it is proposed to group existing views in accordance with three approaches, namely: extensive-intensive transformation, the process system of dynamic transformations, cyclical evolutionary transformation. The carried out study of the essence and features of the economic development of enterprises allowed to identify the main components of this process as a system and build a conception of economic development of the enterprise. A detailed study of the essence and peculiarities of the interpretation of development of enterprise of different according to various scientific views made it possible to assert that the development of an enterprise is a multifaceted process, which is characterized by the following signs: the development of enterprise is a result of evolutionary transformations in society together with economic activity; the development of enterprise is determined by the need to adapt organizational-economic flow processes in accordance with structural changes in the economic system of all spheres of activity; the development of enterprise stimulates the qualitative transformation of the management system and the organization of economic activity; the development of enterprise involves the construction of a flexible, balanced and adapted to the market environment of the organizational-economic system of functioning in time and space; the level of development of enterprise depends on resources; it also depends on competences and relevance of existing potential in relation to the possibility of its implementation at the appropriate time and place; the development of enterprise is determined by the desire to increase efficiency and gain competitive advantages. [ABSTRACT FROM AUTHOR]

The purpose of the article is to develop a conception for the formation of an institutional environment for energy security management, taking into account factors of external and internal influence. According to the results of the carried out study, it can be said that the transformation of the State system and the economic system, accompanied by centrifugal tendencies in the spheres of institutional management and the economy of the fuel and energy complex, has led to the emergence of a number of general, interrelated tendencies, among which are: changing the role of defining and expanding the conceptual mechanisms of market interaction between business entities; decentralization of service management in general, transfer of powers to the regional level; liberalization of prices for goods and services; change in qualitative and quantitative parameters of the functioning of enterprises of the fuel and energy complex. It is determined that along with the development of the enterprise, there is an objective need to eliminate the state of uncertainty and establish control over risks, and with the achievement of maturity, the business entity is «included» in the process of forming a conceptual institutional environment. The activities of economic entities in the modern economy cannot be analyzed from the point of view of neoclassical theory, since its methodological and categorical basis is insufficient for adequate analysis and explanation of economic phenomena in dynamics, for this it is necessary to form an institutional approach. It is determined that the systematization of institutions as elements of the institutional environment of economic entities of the fuel and energy complex allowed to identify their conceptual multilateral and multi-level nature. [ABSTRACT FROM AUTHOR]

The article substantiates the expediency of forming a modern system of financial and economic stimulation of the secondary resource use as a necessary prerequisite for activating the processes of utilization of secondary raw materials in the conditions of decentralization. The carried out studies have shown that the financial and economic stimulation of the secondary resource use is a logically ordered set of methods, instruments and levers of fiscal, budgetary, credit, price and reimbursement-penalty influence on the processes of involving the used industrial and household raw materials into economic circulation in order to use the resource value of its material and material substance. It is substantiated that the existing system of financial and economic stimuli for the secondary resource use, which operates at the national level, should receive its modification at the regional and local levels in order to make use of the most of the advantages and opportunities of decentralization in financial and investment support for the modernization of waste management infrastructure and the processes of disposal of the resource value of industrial and household waste. It is determined that the formation of a modern system of financial and economic stimulation of the secondary resource use should be based on a set of fundamental principles and the principles that imply compliance with the requirements of institutional transformations and conjuncture-cyclical fluctuations. It is substantiated that the fundamental principles of forming a system of financial and economic stimulation for the secondary resource use in the context of decentralization are the principles of environmental sustainability, economic efficiency and social responsibility, and the list of principles that provide for compliance with the requirements of institutional transformations and market-cycle fluctuations includes the principles of taking into account global benefits, decentralization and deregulation, adherence to the fiscal optimum, opportunity cost, complexity, prevention and elimination of negative externalities. [ABSTRACT FROM AUTHOR]

The article examines modern features of the economic security factors formation at the micro level. The specifics of the division of factors affecting the economic security of economic entities into internal and external ones have been determined, and the specifics and nature of internal threats to economic security have also been clarified The importance of the influence of internal factors of the economic security of enterprises on the effectiveness of their functioning and the success of the market struggle is determined. The criteria for the division of economic security factors according to their individual directions have been determined, and the importance of comprehensive consideration of the influence of all factors in connection with the cumulative effect of their action has been proven. The modern specificity of the transformation of economic security factors of business entities is determined, which is connected with the general changes taking place in the global economic system under the influence of the intensive introduction of modern digital and information technologies into the practice of enterprises. The classification of potential dangers and threats to the economic security of economic entities, which are defined as endogenous factors, is considered and their essential characteristics are determined. It is proven that depending on the field of activity and the market situation, the influence of various factors on the economic security of the enterprise is determined in different ways, since in such conditions the level of influence on security has an individual character for each individual enterprise. It has been proven that threats to the economic security of economic entities change depending on the type of their activity. Therefore, each enterprise will have its own system of threats specific to this enterprise. In this regard, it has been proven that the main task of company managers, based on the specific situation in which the economic entity will find itself, is tidentify the most dangerous threats and develop an effective system of measures aimed at their timely detection, prevention or mitigation. [ABSTRACT FROM AUTHOR]

It is proven that the country’s post-war recovery policy should take into account previous development miscalculations, and the recovery itself should be considered as a “window of opportunity” for the formation of a new highly productive and high-tech “smart” and “green” economy, an important component of which should be modern industry. It is substantiated that smart specialization involves not so much the stimulation of innovations as the activation of long-term structural changes in the region’s economy with an orientation to the future, that is, the formation of such a policy that will enable the region to occupy important niches in global markets. The experience of implementing the strategy of smart specialization in the European Union is considered. Together with the development of entrepreneurship and the cluster structure of industry, it is part of the economic decentralization of Ukraine. Attention is focused on the fact that, against the background of a slight increase in the share of high-tech industries in the overall structure of the country’s industry, there is a decrease in the specific weight of medium-tech industries and an increase in the share of low-tech industries. The results of the application of the smart approach to the strategic planning of the development of regions should be the modernization of industry and its transition to a new technological structure, the activation of the innovative technological and “digital” potential of the territories. The necessity of implementing the concept of smart specialization for effective synergistic use of public investments, supporting countries/regions in building their innovation potential while simultaneously focusing limited human and financial resources on several competitive areas in order to promote economic growth has been proven. Ways to achieve and tasks of implementing the smart specialization approach in the national economic strategy are systematized. The strategic vectors of ensuring sustainable development and smart specialization of industry are substantiated. [ABSTRACT FROM AUTHOR]

The purpose of the article is to develop and approbate a methodical approach to analyzing the financial security of priority sectors of the national economy. The article emphasizes the relevance of considering the issues of economic and, in particular, financial security at the level of the sectoral economic system. The authors' own methodology of analysis is developed and the weighting factors of indicators of financial security of agriculture, industry, construction and transport, warehousing, postal and courier activities of Ukraine are evaluated. The structure of financial security of priority sectors of the national economy, i. e., the investment, credit, debt, monetary, production and economic, system-structural components is determined and the weighting factors of indicators are evaluated according to these security components. This approach made it possible to identify the indicators with a lesser extent along with the indicators with a greater extent of an impact they have on the general condition of subindexes, and therefore determine the overall level of financial-economic security of priority sectors of the national economy of Ukraine. The integral values of financial security of priority sectors of the national economy of Ukraine for 2010-2020 were computed. The results of the assessment allowed to identify, firstly, the state of financial security of the analyzed industries; secondly, the dynamic characteristics of changes in the level of financial security of priority sectors of the national economy; thirdly, the measure of differentiation in the state of financial security among the analyzed types of economic activity; fourthly, to form conclusions regarding the factors influencing the parameters of financial security of priority sectors of the national economy of Ukraine; fifthly, to determine the strategic directions and develop a set of the State policy instruments focused on strengthening financial security, taking into account the existing specifics for agriculture, industry, construction and transport, warehousing, postal and courier activities of Ukraine. Prospects for further scientific research in the analyzed sphere relate to the formation of recommendations regarding the linking of the results of the accomplished analysis with the formation of actions in the field of strengthening the financial-economic security of priority sectors of the Ukrainian economy. [ABSTRACT FROM AUTHOR]

The scientific and methodological aspects of the creation of enterprises in the territorial communities of Ukraine, which as a result of the decentralization reform received more opportunities and powers for their own development and implementation of the functions of local self-government, were considered, but there were also more obligations to ensure the stable development of their own economic systems, which are generators of the creation of a new added value as a source of well-being and income of the local population, payment of taxes. A study of the current state of institutional support for the development of economic systems of regions and communities in Ukraine was carried out, taking into account the peculiarities of decentralization and local self-government reforms, as well as the challenges and tasks of the country's postwar renewal. The need for the formation of effective business entities in territorial and economic systems of all levels as a basis for ensuring economic capacity has been substantiated. The scientific and methodological principles of creating and ensuring the development of enterprises in communities of districts and regions have been developed as a basis for the formation of the economic capacity of regional systems with the approbation of such a scientific approach as the example of communities of the Podilsky district of the Odesa region. There are substantiated theoretical and conceptual principles of ensuring the development of regional economic systems in modern conditions that are based on the formation in administrative-territorial units (communities, districts, regions) of elements of functional territories - growth points in the form of enterprises capable for producing of significant added value and ensuring financial and budgetary capacity. The approach to the organization of production enterprises in regional systems has been developed. It takes into account the key factors of resource and infrastructural provision of territories, the effective use of which will contribute to better inclusion of territorial economic systems in the national and economic exchange. It was established that the factors of material-resource, labor, infrastructural-logistic security of the functional territory of the Podilsky district of the Odesa region determine the expediency and efficiency of the organization of the production of bread products, oil, and biodiesel from local raw materials. Based on the analysis of the current economic state of the Podilsky district of the Odesa region, various options for the creation of new enterprises in the territory of the district were considered and the optimal location of these enterprises was proposed in order to provide them with necessary raw materials. A more detailed description of the results of the study of the efficiency of the placement of individual processing enterprises in the Podilsk district of the Odesa region will be offered in further publications on this topic. [ABSTRACT FROM AUTHOR]

The article is devoted to the author's views on the place and role of international accounting in the modern economic system of the country. It is noted that at any stage of evolution there will be a kind of problem niches that can and should be filled, especially in the theory of accounting. The issue of the possibility of working out accounting procedures in international accounting with the help of IFRS is considered. Emphasis is placed on the importance of targeted information, which can manifest itself in two main forms: semantic and pragmatic. IFRS is recognized as a target for improving accounting practices in terms of fair presentation of information in a comprehensible form. It is noted that the requirements for financial reporting change as society's demands grow. The dynamism of society subordinates the development of financial reporting to changes in economic relations between business entities, which requires targeted and reliable information. The concept of stakeholders and the theory of stakeholders, which emphasize the interdependence of business entities and users of financial reporting, that is an important component of business success, have been recognized as a modern direction in the development of financial reporting. It is recommended to recognize financial reporting as an object of institutional analysis, that develops in the context of intensifying social phenomena and institutions, which confirms the need for quality information to users in the process of providing them with relevant financial and nonfinancial information. It is noted that there is no reason to compare the recommendations of IFRS and practical methods of international accounting, the creation of which is a priori impossible. The article proves that it is not the time for actualization of the international accounting issue. [ABSTRACT FROM AUTHOR]

The article is devoted to the study of the relationship between institutional and economic development of post-socialist countries. The author substantiates the relevance of the chosen topic for post-socialist countries, describes the essence and features of the middle income trap and explains the economic and institutional basis for its formation. The dynamics of economic development of 24 post-socialist countries for the period 2007-2020 is analysed based on World Bank data. Clustering by the method of k-means is made based on this analysis also. The interdependence between the level of institutional development and the level of economic development of the analysed countries was revealed by analysing the institutional indicators (international property rights index and corruption perception index) of post-socialist countries in 2020, which confirmed the main hypothesis of the study. The author describes the essence of the dysfunctional phenomenon of the institutional development paradox and its role in the institutional development of post-socialist countries in the context of overcoming the middle-income trap. It is established that the institutional dysfunctions formed in the transformation period continue to hurt the development of economic systems, including the economy of Ukraine. Based on the results, the author proposes practical recommendations for further implementation of the necessary institutional reforms aimed at avoiding the middle income trap economy of Ukraine. They include measures to further liberalize the economy, improve mechanisms to protect property rights, combat corruption and more. [ABSTRACT FROM AUTHOR]

The article carried out a philosophical analysis of the socio-economic dimension of the «post-kovid» state; considers changes оf the world in different spheres of society and making adjustments to the balance of development; proved the need to reform modern society. [ABSTRACT FROM AUTHOR]

The article deals with the problem of the effectiveness of the state response to challenges to the health care system due to the spread of infection caused by SARS-CoV-2. The authors have carried out an analysis of international economic investigations on its impact on the socio-economic system in general and the health care system in particular. It was found that the vast majority of them examine the impact of various factors on the spread of coronavirus or its effects on individual segments or the economic system as a whole, the response of the decision-making system to the spread of infection, or model different scenarios for health system challenges. However, investigations do not address what criteria should be applied when imposing restrictive measures or what changes need to be done to the threat assessment system to minimize the burden on the health care system. Therefore, the authors analyzed the current national indicators system used to identify regions with a high prevalence of SARS-CoV-2. Based on a retrospective analysis of previous waves of coronavirus spread in Ukraine and the introduction of quarantine restrictions in this regard, it was found that the decision to strengthen quarantine restrictions was delayed. This overloaded the medical system and led to overcrowding, which could have been avoided if quarantine had been introduced early. It is revealed what changes in the assessment methodology need to be made in order to strengthen the quarantine restrictions in time. An assessment of the filling of the hospital stock under the condition of timely introduction of quarantine on the example of the city of Kyiv was carried out and the cost of redundant hospitalizations was estimated. Changes in the current methodology for estimating regions with a high prevalence of SARS-CoV-2 are proposed, which include the introduction of additional indicators and quantitative changes for existing indicators. [ABSTRACT FROM AUTHOR]

Modern social and economic development is related to ability to generate, absorb and distribute knowledge. Education as process of purposeful upbringing and studying, development and personal growth is fundament of knowledge of absorbed information, skills, comprehension, understanding of what and how one should do. In the conventional sense education is a branch of social sphere that has special place in the economic system and is the most important factor of social and economic development of society. In modern conditions development of education is followed by phenomena such as internationalization, commercialization, socialization, inclusion that requires new approaches to public regulation of education. In this context it has been offered to consider education as common good, production of which is carried out in favor of person, family, society and state. Education is common good because is it characterized by non-excludability, non-competitiveness, inexhaustibility, accessibility, inclusivity, accumulative features, specificity of economic and social expenses, limitation of value law, indefinite reproduction result, universality of provision, invariancy in ways of use. State is responsible for realization of interests of society and has to support certain level of regulation of education as common good, control education quality so that it could satisfy minimal demand of society. The state takes responsibility to produce educational services, whereas national security, integrity of state and common economic space directly depend on such education. Besides, education is common good of the highest priority from the point of view of state. Thus, public regulation of education is activity of public institutions aimed at provision of normative and legal base, formation of institutional environment, determination of rules and procedures as to formation, distribution and use of natural, social, human, production and financial resources in order to provide education as common good. Basis of stable economic development of state is its institutional environment -- precise, well-ordered set of institutions (legal, political, economic, social and cultural) that determine framework conditions of functioning and development of economic subjects and have significant impact on production of common goods. In summary -- influence of economic, legal, social, political, cultural, demographic and technological factors defines changes and transformation of institutional environment and thus, it is necessary to provide its flexibility, adaptivity, stability and effectiveness. [ABSTRACT FROM AUTHOR]

Based on the theoretical foundations of the statehood concept as a complex of political, economic, social and cultural institutions created by the people who defend their vital interests, the current theoretical, methodological and practical problems of Ukraine's further formation as a national statehood are clarified, the implementation of which will be essential for radical transformation of economic and other spheres of public life. The main tasks of nationhood at the new stage of Ukrainian society development include: practice usage of ethnic and political theory of the nation, which dialectically combines ethnic, cultural and political selforganization of society and will contribute to the formation of a modern Ukrainian nation; overcoming the communist-Soviet ideology inertial influence, which defined the nation-state as "nationalist" and "bourgeois", and affirming in the public consciousness the idea of national statehood as an important political value and a means of social transformation on the basis of the national idea; structuring the national idea according to the main objects of its reflection (national community, national state, national development strategy), which will contribute to the specification and actualization of the Ukrainian national idea; introduction of public policy and communicative rationality principles into the process of public and state administration, which will ensure the adoption of political decisions by the authorities with the active participation of other public creativity subjects; the Ukrainian national political culture formation, which highlights national traditions and accumulates world experience of democratic governance; reliable securing of Ukrainian statehood in the globalized world and achieving peace on the eastern borders of the state; overcoming corruption as the main internal threat to the Ukrainian nation secure existence. Revealing the current tasks of the Ukrainian national statehood further development, the practical implementation ways and means are offered. [ABSTRACT FROM AUTHOR]

In the current conditions investment is an important basis for the development of many levels of the economic system and can be considered as a driver of country’s economic development. They are necessary to increase the production rate, modernize the economic complex, diversify the economy. Assessment of investment attractiveness is considered as an important means of optimal achievement of investment goals, which ensures the performance of the function of investment management mechanism. The investment attractiveness of an individual country, region, industry or enterprise is an important guideline for the investor in the issue of deciding on capital investment. In the current conditions of globalization of the economy in assessing the investment attractiveness of the country is becoming increasingly important image of the country in the international arena, its position in the leading rankings, the experience of other investors in the country. The article considers the essence of the concept of «investment attractiveness» and offers its own author’s definition of this concept. Describe the methodological approaches to assessing investment attractiveness at different levels of the economic hierarchy. The relationship between the definitions of investment attractiveness, climate, potential, risk and activity has been studied. A macroeconomic analysis of the dynamics of Ukraine's position in the light of international ratings and indices is held. Organizations and ratings that assess the investment attractiveness of the state are presented. Methods of ratings of investment attractiveness of countries are substantiated. A comprehensive assessment of Ukraine's investment attractiveness in recenty ears has been made. The factors that lead to changes in the transformation processes in the country, the aggravation of the general economic situation, the shortage of domestic financial resources and the problem of attracting foreign investment, which in turn hinder the increase of investment attractiveness of Ukraine are considered. Recommendations for improving the investment attractiveness of Ukrainein modern conditions are given. [ABSTRACT FROM AUTHOR]

The article is aimed at describing and testing a methodology for assessing the probability of bankruptcy of an enterprise operating in travel industry. In analyzing the activities of a travel industry entity with reference to sustainable development, attention is focused on indicators of financial stability and one of the main financial risks, i.e., the threat of bankruptcy. Modern methods of discriminant analysis used to determine bankruptcy probability, are analyzed as for the adequacy of their use to assess the activities of travel industry entities, and the specificity of their application is described. The available performance indices of a travel agency are analyzed, whose indicators of bankruptcy probability were defined and interpreted as showing that the financial situation at the travel agency in question was satisfactory as for its sustainable development. It is confirmed that of the most widely used methods estimating bankruptcy probability, Matviychuk’s model and a modified Altman model are the most proper ones in assessing travel industry entities. Comparison of the results of their application with the entity classification made on the basis of a more commonly used Beaver coefficient shows a high level of consistency among the discriminant models considered. It is noted that taking into account the specifics of the model application and choosing financial indicators are the key to conducting a qualitative analysis and implementing effective anti-crisis policy at an enterprise with reference to its sustainable development. Further analysis of travel industry entities with reference to sustainable development is planned to be conducted using the concept of dynamic equilibrium of the economic system and its effective development. [ABSTRACT FROM AUTHOR]

The article generalizes the features of modern transition from industrial to post-industrial (or knowledge-based) economy within the modernization paradigm for the states in the core and semi-periphery of the global economic system. It is proved that among the historical diversity of national modernization phenomena one can single out two alternative models: an innovative model and a catching-up one. It is substantiated that the innovative model is most typical for the countries forming the core of the world economic system, while the catching-up model is more typical for countries in the periphery of global development. It is revealed that modern intellectual production covers, first of all, economic sectors producing information and knowledge. At the same time, intellectual capital also functions in productive industries, influencing their indicators as well. That is why knowledge workers, who form the intellectual strata of society, are considered to be subjects of intangible intellectual production, the latter making up the core of knowledge economy. Their main function is to produce intellectual products (socially valuable knowledge), in contrast to groups, whose social function is to embody these values and knowledge. It should also be noted that concrete historical forms of knowledge objectivisation, ways of their reproduction and, accordingly, historical types of intellectual layers can differ considerably. It is concluded that knowledge-based economy is considered as a sphere of economic activity, which nowadays is characterized by intensive use of intellectual capital as the main economic resource, in the fields of material production as well. [ABSTRACT FROM AUTHOR]

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The purpose of the article is to reveal the dialectics of the interconnection of the development of institutional social forms of the functioning of economic systems and property relations in the agrarian sector, studying the world experience of market circulation of land. In clarifying these questions dialectical, dynamic, systematic, unity of logical and historical approaches, methods of generalization, analysis and synthesis, etc. Institutional social forms of functioning of economic systems are the real forms of organization of economic activity, norms and rules of conduct of economic entities that have developed in a given society at a certain stage of its development. According to the civilization approach, three institutional social forms of functioning of economic systems can be distinguished: pre-industrial, industrial and post-industrial economical systems, which differ in their institutional frameworks for their functioning. Each of them has its own definite system of property relations, which is constantly evolving and complicated, gaining new forms of development. In general, ownership of land during the history of mankind was in its evolution, three stages (levels) of development: community - private - public property. That is, as we see, the development of property relations has an interesting tendency - in the early stages of its development, humanity used common, collective forms of ownership, later, with the development of productive forces, communal property self-denied and displaced by private property, self-development which takes place in the direction of its socialization (socialization of the nature of labor and production) and the emergence of collective forms of private property. The dialectic of the relationship between the development of institutional social forms of the functioning of economic systems and property relations in the agricultural sector is that the development of land ownership relations leads to changes and transformations in the system of economic relations, their transition to a higher stage of socio-economic development and the emergence of new social forms of functioning of economic systems. In its turn, the emergence of new institutional social forms of functioning of economic systems causes changes in the structure of ownership relations with the land, leads to the emergence and dominant position in the agrarian sector of new types and forms of ownership, reflecting the socio-economic nature of a particular economic system. On the basis of the analysis of the evolution of land ownership relations in different economic systems, one can conclude that their development is characterized by certain patterns: the development and complication of property patterns are constantly underway; Each form of ownership by its nature is historical; the emergence of a more developed form of ownership of land does not lead to the complete disappearance of the previous form of ownership; as the evolution of land ownership relations in the direction of socialization takes place, the convergence of interests of opposing classes, social groups; the development of the essential basis of property takes place in an evolutionary way, and the change in the legal form of ownership - institutional instruments; Each typical civilization is characterized by a specific for the conditions of its development, the dominant object of property, which reflects the level of development of the productive strength of human labor and the corresponding formative peculiarities of the appropriation of means and production results; the formation of private ownership of land in a post-industrial society takes place mainly through its purchase; the state regulates private ownership of land and does not allow the concentration of too large areas of land in one hand; State policy in the field of land relations is aimed at consolidating land and consolidating farms.

The modern world, including highly developed countries, which focus a significant part of their financial flows on increasing environmental capacity with propaganda and a call to stop global warming, quite openly demonstrates its commitment to replenish and restore «green» reserves. Today, in the system of economic relations and financial support of Ukraine’s economic development, the involvement of the environmental component of such development is becoming increasingly important. When studying alternative energy sources as a relatively new way for Ukraine, it was found that the development of such energy affects a number of socio-economic factors, including transport, environment, health and nutrition, agro-industrial management, energy, etc. Government support, support, support and formation of a general strategy for the development of investment in alternative energy should become a priority in increasing the greening process in the country. The only conceptual approach to ensuring the development of «green» energy is a guarantee of establishing a mechanism to ensure the investment potential of the direction. For the effective functioning of renewable energy sources (RES) it is necessary to bring national legislation in line with international requirements, in particular to international acts of the European Union. Creating optimal guarantees and providing quotas for investors. Necessary conditions for development are: development of software and technical and technological support not only for the generation, accumulation and use, but also the accumulation and generalization of information, accounting, analysis, control over the consumption and sale of such energy; innovation and investment support at the level of deepening and expanding research, creating work programs, projects and groups; institutional support for attracting investment in the development of «green» energy, development of a state target program for the development and support of RES. [ABSTRACT FROM AUTHOR]

The peculiarities of innovative development in the interaction of economic and social components of the external and internal environment are studied on the basis of a complementary approach, namely the relationship between economic efficiency and social justice, their negative and positive impact on the quality of life and socio-economic development opportunities. As for complementary development, the idea of justice, which currently is an important factor in achieving European living standards and guaranteeing social-economic rights of a person and citizen, plays an important role in reforming all the spheres of public life, democratization of Ukrainian society, and providing Ukraine’s integration into the European political and legal space. Complementarity research is becoming relevant at the present stage of global economic development, when the market situation is characterized by a fairly high rate of transformation, and innovation becomes the main competitive factor. The author considers the emergence of the complementarity concept in research works made in various areas (e.g., the concept of institutional complementarity), and also highlights the features of compensatory and supplemental complementarity. Unconditional following global examples without taking into account the state of real socio-economic and institutional structures in a certain state will not give a favourable result from implementing reforms and introducing innovations due to the lack of complementary connections. Therefore, the conditions for the emergence of new institutional changes and the impact of «social elevators» on social development in the long run are analyzed. The presence of complex unresolved problems in the development of our state actualizes the study of the complementary context of innovative development, aimed at rethinking the role of social justice in solving major economic problems. Due to a complementary approach, the economic system will be able to increase such features as adaptability and continuity by developing mechanisms of self-preservation, and will acquire systematic innovative development with a ripple effect. [ABSTRACT FROM AUTHOR]

Modern economic systems are being transformed under the influence of new technological trends. A number of important technology trends are related to information technologies (IT). Their widespread use leads to the emergence of a new type of economy, the digital economy (DE), which determines the scope and new directions of innovation and business. This opens up great opportunities for small innovative businesses, which can play a major role in its formation. The article is aimed at clarifying the essence and segmentation of DE and presenting it as an environment for developing innovative activity at small businesses. The essence of IT, software, and information systems is specified. The concept of IT is explained, and the essence of digitalization and digital transformations is specified. The essential features of DE are identified, and its components (IT, infrastructure, and business) and the basis (social networks, big data devices, etc.) are specified. DE is based on a technological «core» (IT, various technical platforms, physical technologies); has a functional «core» (digital platforms, systems of workgroup computing, process automation); encompasses economic activity; includes a number of goods and services that are critically dependent on IT. It is substantiated that IT creates a special virtual environment and new forms of markets. It is suggested to segment DE, for example:: e-commerce; e-marketing; e-procurement; electronic auctions; electronic infrastructures; e-logistics; electronic medicine; e-education; electronic trading; electronic banking; electronic insurance. The emergence of FinTech, «smart farms», «smart factories», «smart warehouses», «smart things», «smart home», «smart jobs», etc. is also noted. The obtained segmentation determines the directions of structural development of DE. It is substantiated that IT creates opportunities for innovative activity of small businesses and should be considered as corresponding environment. The understanding of the development of innovation activity and its areas in DE are clarified. In this context, the lines of the state regulation of DE are defined. [ABSTRACT FROM AUTHOR]

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In transitional constitutional democracies the problem of the effectiveness of legal regulation of economic institutions is due to the transformation processes in the political, economic, social and cultural spheres. The interaction of political and economic factors in the functioning of economic institutions is particularly acute, as it is a methodological problem for the implementation of reforms. The article considers this issue through the prism of the rule of law, good governance and the principles of proportionality of interference in economic freedoms in order to ensure economic wellbeing. This rather abstract formulation of the question needs its analysis through the prism of the transformation of the modern economic system and rethinking the functions of the state. The purpose of the article is to determine the main parameters of the effectiveness of legal regulation of economic institutions. It is proved that the system of guarantees of economic freedoms is based on constitutional values, which express consensus on the target settings of the participants of economic relations, their goal-setting. The key factors in this process are the transformation of globalization and regional economic cooperation between states which changes their functions. The convergence of the state and the private sector is expressed in the digitilization of the economy and the growing role of artificial intelligence in economic processes, which increasingly affects the content of rules and procedures in the market. As the structure of professions and employment changes under such conditions, it leads to the expansion of the sphere of intellectual activity of mankind. A key factor in the transformation of Ukrainian constitutionalism is the abandonment of postcolonial practices of governance as a hierarchy. They are replaced by relations of heteroarchy, which combine subordination and horizontal connections in the economic system. The order of recognition of rules through a combination of private law and public mechanism of law creation is on the agenda. Similarly, the success of economic reforms is due to the existence of independent institutions which is difficult to imagine without a political and legal component. Such instruments include judicial constitutional review, impartial and independent public governance, in particular in the activities of independent state agencies, which are equidistant from political institutions and business circles. Economic structures should be involved in preserving the environment, deploying the structure of health care and providing affordable and high-quality administrative services to the population. Therefore, values and guidelines for competitiveness, good business practices in the market are provided through the tools of economic constitutionalism, regulatory state and democratic accountability. The means of ensuring this are the rule of law, independent state regulators and the requirements of transparency and due process. [ABSTRACT FROM AUTHOR]

Bankruptcy cases occupy a special place in economic litigation, which is due to a number of factors, namely: a wide range of participants in the case, a special procedural order of consideration of such cases and so on. Until the debtor or creditor apply to the economic court to file for bankruptcy, the "debtor - creditors" relationships are largely private, as creditors choose how, when and in what way to file their claims to the debtor. When bankruptcy proceedings are instituted against such a debtor, the "debtor - creditors" relationships move to a new level: first, the creditors "persecute" the debtor not individually, but all together, and secondly, the economic court and the arbitration manager are already playing an active role in this process. On October 21, 2019, the Code of Ukraine for Bankruptcy Proceedings came into force, which became a progressive step of the legislator in the legal regulation of insolvency (bankruptcy), but, at the same time, posed new challenges and questions to science and practice, including the location of proceedings on bankruptcy in the system of economic litigation. The purpose of the article is to theoretically comprehend the place of bankruptcy proceedings in economic litigation and to identify the features inherent in bankruptcy proceedings. Insolvency (bankruptcy) relations, which by their nature are complex (substantive and procedural), in any case must exist within the economic procedural form, because, as a general rule, there is no open proceedings in the case of bankruptcy, it is impossible to talk about insolvency relations (bankruptcy) (not taking into account the rehabilitation of the debtor before the opening of proceedings). The author emphasizes that bankruptcy proceedings are an independent type of proceedings in economic litigation, which has its own characteristics. According to the results of the study, the author concludes that among the characteristic features of bankruptcy proceedings are: 1) the dualistic nature of legal regulation - the rules of the Economic Procedure Code of Ukraine and the Code of Ukraine for Bankruptcy Proceedings; 2) the active role of the economic court in the bankruptcy case; 3) special subject composition; 4) concentration within the bankruptcy case of all disputes to which the debtor is a party; 5) application of special substantive and procedural norms during bankruptcy proceedings. [ABSTRACT FROM AUTHOR]

The article examines the development of post-industrial economy in the direction of creative economy under the influence of intellectual and innovative determinants. The globalization tendencies that became the impetus for the formation of post-industrial social development and the formation of the creative economy of socio-economic systems are highlighted. Such globalization trends include: long-term active scientific and technical development, which caused the automation and computerization of production and technical processes and their management to increase the value of intellectual labor; opportunities to increase added value due to the results of intellectual work and making non-standard, creative decisions; general informatization and digitalization of economic activity; the need to constantly search for new competitive opportunities; directing efforts to find creative approaches to attract new consumers and increase demand for products and services; wide spread of market forms of economic relations and intensification of competition; directing efforts to generate new ideas and knowledge to expand the potential for economic systems; dissemination of free cross-border movement of economic resources; search for new opportunities to identify and use the latent potential of territories; stable legal regulation of interstate relations and trade operations; dissemination of technical capabilities and development of information and communication technologies. It is proved that the imperatives of formation of creative economy of regions under the influence of intellectual and innovative determinants include: globalization, scientific and technical, cultural, human-centric imperatives, digitalization of economic processes and compliance with the principles of sustainable development. [ABSTRACT FROM AUTHOR]

The credit market at the present stage of development is a mechanism of funds distribution, which ensures the transformation of monetary capital into a loan. The functioning of this market affects all economic entities, since the lack of financial resources negatively influences not only individuals and legal entities, but also inhibits innovative development of the national economy, reduces opportunities for expanding the activities of economic entities and significantly plunges into the credit rating of the country as a whole. Accordingly, given the objective importance of the credit market for the economy development of any country, the issue of conducting new scientific research in the field of this market studying, the features of its functioning are important. The purpose of the study is to substantiate the essence of the credit market, the features of its functioning in economic systems of different hierarchical levels through the study of the basic conceptual approaches to considering its concept. In the course of the research, the main theoretical trends in determining the essence of the "credit" definition were thoroughly considered, this made it possible to find out that a loan is not a tool and source of extended reproduction, acts as a resource for profit both by the lender and the borrower, and also contributes to the development of innovative processes in economy. In addition, the content of the "market" category was investigated, which made it possible to distinguish different approaches to the interpretation of this concept. Based on these two concepts, the essence of the credit market was considered, the approaches to the interpretation of this category were given, common and specific features characteristic for the credit market were revealed. Based on this, the author proposed the following definition that the credit market is a specific economic space, where there is an interaction between the lender and the borrower about the purchase and sale of loan capital, in order to meet public and own needs through a system of banking and non-banking financial and credit institutions according to the basic principles. [ABSTRACT FROM AUTHOR]

The article examines the mechanism of implementation of regulatory policy of economic security of agricultural production, the main purpose of which is to ensure its stable and most effective operation in modern conditions and high potential for innovative development in the long run and substantiates the main provisions of this mechanism. A system of measures has been identified to ensure the implementation of the regulatory policy of economic security of agricultural production. Measures to prevent further deepening of destructive social processes in the agricultural sector have also been identified and the main directions of social infrastructure formation have been substantiated. The formation of the market of modern material and technical base of agricultural production involves the active development of the supply and marketing network of material and technical resources of agricultural production. The social component of economic security of agricultural production and the mechanism of its functioning have been investigated. It has been established that the mechanism of implementation of regulatory policy of economic security of agricultural production is a functional and institutional way of organizing the interaction of elements of socio-economic system in order to coordinate and manage it in the direction of national interests, prevention of threats to economic security, neutralization of their consequences, levelling of economic security of agricultural production, which would effectively contribute to the goals of the national economy. The functions of the mechanism for implementing the regulatory policy of economic security of agricultural production include: creation of organizational and institutional and regulatory framework for the construction, operation and development of the system of economic security of agricultural production; forecasting, identification and assessment of possible threats to the economic security of agricultural production; participation in international, national systems of economic security (development and adoption of the relevant regulatory framework governing interstate and national relations on economic security in agricultural production). In this regard, the areas of further technical re-equipment of agricultural producers are becoming important. [ABSTRACT FROM AUTHOR]

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The article suggests using modern instruments of dynamic analysis, i.e. the theories of phase, cointegration, and bifurcation analysis and the catastrophe theory to improve the methodology to study the dynamic pattern of the development indices of complex hierarchical systems (CHS) and their relationship. The article elaborates the main directions for creating research models, which would describe the interaction between the development indices of CHS, grounded on estimating and analyzing pre-crisis, crisis and post-crisis phenomena in hierarchical social and economic territorial systems. A conceptual framework algorithm is designed to model the dynamic pattern of the CHS development using modern economic and mathematical instruments to study the dynamics of time-series data and assess the relationship of CHS indices. Complex models have been implemented to monitor the key CHS development indices based on the phase and cointegration analysis of the relationship between the following processes: investment and GDP; GDP and industrial production dynamics; GDP dynamics and import volumes dynamics; wages dynamics and industrial production dynamics; migration and natural population growth. As part of the implementation of a comprehensive model for monitoring key indices of CHS development based on bifurcation analysis and the catastrophe theory, the supercritical Hopf bifurcation is built in the relationship model of imports and GDP; surfaces of the functions of Kaldor’s model and a three-dimensional Kaldor’s model are constructed. The suggested complex toolkit for research models of the CHS development instability gives us the opportunity to draw conclusions about the reasons and factors of the occurrence of endogenous (self-generating) fluctuations and bifurcations; about the probability of catastrophes and crises arising in complex hierarchical economic systems. The solution of problems caused by the CHS development instability on the basis of complex application of phase, cointegration and bifurcation analysis will allow us to predict crisis situations in advance and to offer methods of their prevention, to find complex ways out of crisis situations. [ABSTRACT FROM AUTHOR]

The shock increase in global entropy is caused by the lack of reliable information about the factors that determine the course of the COVID-19 pandemic. The analysis of correlations indicates a significant weakening of the relationship between the number of infected and deaths, as well as the dynamics of economic activity, which began to recover in July-August 2020. There is a direct relationship between the level of information uncertainty and the economic activity of agents. The lack of information about the COVID-19 pandemic is offset by the formation of an information space for forecasts and scenarios that formed the overall picture of process controllability. At different stages of the pandemic the behavioral reactions of economic agents are represented by: ignoring the danger of a pandemic; an attempt to protect your economic system from changes; using traditional stabilization methods; the formation of a strategic approach to the organization of economic activity. [ABSTRACT FROM AUTHOR]

The results of the applied management paradigm at all economic levels showed its inadequacy and the need of a new management paradigm. In the paper are presented the reasons that justify this need and the distinguishing features of the new management paradigm, especially in the post-socialist countries. The challenges and prospects of the new management logic are also presented in the paper. The main subject of research in the article is the need for a new paradigm of economic systems management (at all levels). From here comes the purpose of the study, which is to prove this need, as well as the specific dimensions of the so called "a new paradigm". The methodology of the study is based on historical analysis of past economic performance. And also the scientific achievements in the field of planning, created by the Bulgarian economists - Academic Evgeni Mateev, Member of the correspondence for the Academy of Science Ivan Iliev and Full professor Vassil Manov. As a result of the studies, in the article are presented aspects of the new paradigm that can be applied in the management of various economic levels.

The article substantiates the urgency, and outlines the main directions for solving the most important problems of uniting the territorial communities of Ukraine, which is one of the main elements of the decentralization reform implemented in the country. Within the scope of this topic, there formulated the simplest mathematical models of the processes of integrating economic systems, to conduct a theoretical study of possible mechanisms for integrating economic systems for the purpose of their rational choice. The constructed models present a definite development of well-known mathematical models of economic dynamics and optimal economic growth for the case of the functioning of two economic subsystems that have some common mechanism of redistribution of the produced product between them. It should be noted that this mechanism can be set exogenously or determined as a result of solving the corresponding mathematical problem of optimal control. The described economic and mathematical tools make it possible to analyze, at a qualitative level, various scenarios for the development of an economic system at functioning of certain hypothetical mechanisms of its formation. A numerical and analytical study of the constructed models was carried out, which made it possible to identify possible negative moments in the evolution of the systems under consideration that are a consequence of their unification, for example, the unbalanced development of individual subsystems, the relay nature of the optimal mechanism for their unification, a dramatic change in the results of the unification of economic systems with a slight variation in the parameters of their functioning, etc. A promising direction for the development of the results obtained can be elaborating economic and mathematical methods to solve the problem of determining rational mechanisms for combining economic systems for some typical conditions of their functioning.

Innovative development of enterprises of the defense-industrial complex is the basis of economic strength of the state, its competitive advantages in the world market, the key to maintaining market share and profit. The development of innovative technologies in Ukraine is influenced by political and socioeconomic transformations. This study outlines the main features of innovative projects in the defense industry of Ukraine, which can be used in the further development of the topic of scientific research. In the frame- work of this study, in order to determine the role of innovative projects in the defense industry, many interpretations of the term "innovative project "have been proposed by both domestic and foreign scientists. However, most of the analyzed definitions do not fully reflect the specifics of defense enterprises. Therefore, in this study, it is proposed to use your own interpretation of the term. The process of development of a new product does not have a rigid structure and is governed by internal standards and regulations of the enterprise. In such conditions, the project implementation dates, cost, labor costs for its implementation are not strictly controlled, so it is often unclear whether the new product is effective. An innovation project is one of the ways to implement innovations, which determines the ability of the economic system to develop through the implementation of the methodology of the innovation project. Product and technological innovation projects are implemented at the enterprises of the defense industry, but they are practically not characterized by market and marketing. Thus, the proposed typology of innovative projects takes into account the specifics of the activities of defense enterprises. Considering the different approaches to the classification of innovative projects, it should be borne in mind that the systematization of classification features is of particular importance. Each classification has the ability to give a detailed idea of the characteristics of a particular innovation project, which, in turn, is necessary for the implementation of adequate support from the state, the implementation of innovative projects in various enterprises. [ABSTRACT FROM AUTHOR]

The actual value of the topic lies in the fact that nowadays the development of the world economic system is accompanied by innovative processes. Innovative development of enterprises is the only possible way to steer a country’s economy out of crisis. For most domestic industrial enterprises it is necessary to completely abandon the traditional enterprise management system or, at least, to transform it. Thus, it is becoming more and more actual to use methods and tools, which can foster innovative development in various activity areas at an enterprise, and the importance of reengineering as an innovative basis for the reconstruction of the enterprise management system is growing. The article aims at designing a conceptual foundation for reengineering as an innovative basis for the reconstruction of the enterprise management system. The authors reveal the content of reengineering and demonstrate its importance as the innovative basis for reconstructing the enterprise management system. The advantages of using reengineering are highlighted, the essence of reengineering as an economic process is identified. It is stated that reengineering allows providing a systematic and comprehensive approach to the innovative refocusing and restructuring of the enterprise management system as a whole, or of its individual functional components. The authors’ own definition of «reengineering» is offered. It is substantiated that reengineering allows reconstructing the enterprise management system in an innovative way. The need for the reengineering of the enterprise management system is shown. The conceptual basis of reengineering as an innovative basis for reconstructing the enterprise management system is proposed. The basis contains the principles, on which reengineering is grounded as an innovative basis for reconstructing the enterprise management system; and the main stages of reengineering. Reengineering as an innovative basis for reconstructing the enterprise management system involves holistic and systematic modeling and fundamentally changes the enter prise information flow; as a result, the organization structure is simplified, resources are redistributed, individual resources consumption is minimized, product life is reduced, the service quality and image are improved. [ABSTRACT FROM AUTHOR]

The article substantiates the necessity to introduce modern mechanisms of interaction between the state and business, and between business and society as well in order to ensure sustainable economic growth in Ukraine. Today agricultural enterprises more and more often appear under pressure to solve social problems, realize the harm they do to the environment in their supply chains, and need to find ways to solve critical socio-economic and environmental challenges set in accordance with the goals of sustainable development. The evolution of schools of thought developing the concept of corporate social responsibility is studied, as well as those of the economic system and industrial transformations, which were actively developing in the twentieth century society. It has been found out that the impact of social responsibility on the welfare of the population was considered through the prism of three areas: business ethics, business and society, and social aspects of management. It is substantiated that corporate social responsibility is an umbrella term for various theories and practices, admitting that corporations are responsible for their impact on society and the environment, sometimes even beyond compliance with the law and the responsibility of individuals; companies are responsible for the behavior of others with whom they do business (for example, suppliers in the supply chain); companies should handle their relationships with society at large. The peculiarities of the approaches of large farms (collective farms) to the socio-economic development of rural areas in the planned economy in Soviet times are outlined. It has been found out that collective farms provided a wide range of support to rural communities and household plot owners, namely, by providing the following: full employment, rural social infrastructure, resources and services on homesteads. The peculiarities of European approaches to the development of social responsibility have been studied. The relationship between the social responsibility of agricultural enterprises and the revival of rural areas has been established. [ABSTRACT FROM AUTHOR]

The current situation in the commercial sector of Ukraine’s economy and changes that have taken place in commercial enterprises in Ukraine have been analyzed. The principles and methodical approaches have been suggested to introduce a system of strategic planning at enterprises functioning under conditions of developed market relations and unsteady economic environment; and to reveal the most effective tools of planning economic activity in the modern economic system. Factors of external and internal environment influencing the activity of enterprises have been defined. Today, the trade industry is undergoing significant changes due to the introduction of restrictions caused by the pandemic. The trade turnover indices of wholesale and retail enterprises in Ukraine for 2018–2020 show that wholesale trade has decreased in many sales areas. The growth of wholesale trade has only occurred in the following categories: trade in food, beverages and tobacco products (+9.75 %), trade in household goods (+6.57 %) and non-specialized wholesale trade (+0.73 %). Other areas had to reduce their turnover due to declining demand during the pandemic constraints. Retail trade, in its turn, increased its performance and brought income to enterprises, the Transcarpathian region being the only one to reduce (-9.49 %) the indices compared to the same period in 2019. The activity of commercial enterprises has also been analyzed, and approaches to introducing strategic planning at modern Ukrainian enterprises have been substantiated. The external and internal environment factors for the trade sector have been determined, and recommendations for implementing changes have been given. To solve these problems, it is necessary to develop a set of strategic planning measures to improve the state of Ukraine’s trade sector. One of the first steps should be changing the development strategy for wholesale and retail enterprises, which will ensure the maintenance and development of an enterprise. Given the unstable situation in Ukraine’s economy and politics, alternative business development options should be designed, with consideration to possible changes. [ABSTRACT FROM AUTHOR]