Formation of a Model of Inclusive Growth and Development of Ukraine

Abstract

The paper investigates theoretical aspects of inclusive growth and development, we determined the level of inclusive development in Ukraine, analyzed the strengths, weaknesses, prospects and risks of inclusive development in modern conditions of the economy developed a mechanism for constructing a model of inclusive development of Ukraine. The object of the study is process of inclusive growth and development. Purpose of the study is to summarize theoretical and methodological foundations for inclusive growth and development conduct research and create a model of inclusive growth and development of Ukraine. Method of the study - methods of economic, systemic, comparative analysis and modeling. Results and innovation of the study - in modern conditions of economy of inclusive development of Ukraine is currently ranked 49th place in the rating of the IDI with the index of 3,42, which is significantly lower than it was in 2017, when IDI was 3,67 and the country ranked 47th position. According to the WEF Report, Ukraine has a high position in the categories «Education and skills» IDI of 5,86, «Employment labor and social payments» IDI 4,78, «Basic services and infrastructure» has the IDI of 4,75. The category «Levels of corruption and rent» occupies the last place in terms of 2,81 IDI, this is a weakness of the Ukrainian economy. The paper presents a SWOT analysis of the inclusive development of Ukraine in modern conditions of the economy, which included strengths, weaknesses, prospects and risks. Having considered each key separately and analyzing them as a whole, was the mechanism of constructing a model of inclusive development, based on principles such as accessibility, self-regulation, trust, transparency, integration capabilities and security. Forecast assumptions about the object of study - the implementation of the model for inclusive development of Ukraine can be a powerful impetus for change at the legislative level in our country, attracting foreign investors and moving Ukraine to the leaders on the world stage. KEYWORDS: DEVELOPMENT, INCLUSIVE GROWTH, THE INDEX OF INCLUSIVE DEVELOPMENT, SWOT-ANALYSIS, WORLD ECONOMIC FORUM, THE MODEL OF INCLUSIVE DEVELOPMENT.