Post-war Recovery Practices for Ukraine, based on the Experience of other Countries that have Undergone Similar Processes

"This article aims to study the specifics of post-war recovery practices in European countries to elaborate on the key recommendations for Ukraine’s post-war reconstruction policy. The research methodology is based on general scientific and empirical methods of studying political, economic, soc...

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Bibliographic Details
Published in:Economic affairs (Calcutta) 2023-12, Vol.68 (4), p.2277-2288
Main Author: Kravchenko, Olha
Format: Article
Language:English
Subjects:
Cooperation
Economic development
Economic growth
Economic recovery
Growth models
Industrialized nations
Infrastructure
Marshall Plan
Neoliberalism
Planning
Postwar reconstruction
Research methodology
Society
War
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Summary:"This article aims to study the specifics of post-war recovery practices in European countries to elaborate on the key recommendations for Ukraine’s post-war reconstruction policy. The research methodology is based on general scientific and empirical methods of studying political, economic, social, and institutional factors of Ukraine’s recovery and similar practices of the most developed countries. The study results of post-war reconstruction practices in European countries prove the importance of building institutional norms, European integration (political, economic, ideological, and value-based), and mechanisms for financing development projects to create a new innovative model of economic growth and social welfare. Furthermore, the implementation of the Marshall Plan (European Recovery Program) and the Dodge Line (Recovery Program for Japan) prove the importance of creating capable institutions and their political cooperation with the affected countries to promote industrial growth and transition to post-industrial societies dominated by a significant share of the quaternary and quinary economy sectors. Practical relevance. The article’s authors analyzed the Recovery Plan of Ukraine compared with the reconstruction plans of European countries and Japan. The authors have identified the need for institutional support from international partners due to high corruption risks in Ukraine, the resource-based structure of the Ukrainian economy, and the need to stimulate economic development through investment, innovation, and building effective education, social security, and healthcare systems. Therefore, as part of Ukraine’s recovery policy, it would be reasonable to use mechanisms of institutional and political support from partners and economic development financing means to address the problem of institutional failure in Ukraine."
ISSN:0424-2513
0976-4666
DOI:10.46852/0424-2513.4.2023.35