Interaction of global and regional factors in shaping Ukraine’s economic space

Abstract

The relevance of the study is driven by the need for a deeper understanding of the role of global and regional factors in the development of Ukraine’s economic space in contemporary conditions. Global processes such as international trade and foreign investments significantly impact economic stability but also introduce risks of dependency on external markets. It is crucial to consider the influence of internal factors that determine the country’s economic potential. The aim of the study is to identify the key factors influencing the formation of Ukraine’s economic space and to develop strategies to enhance its resilience and adaptability to global changes. The research focuses on analyzing global economic processes and their impact on Ukraine’s economy, as well as the role of internal factors in determining economic potential. The research methods include an analytical approach, systems analysis, and economic modeling. Data from scientific publications, expert evaluations, and official sources were used for a comprehensive analysis of the impact of global and regional factors on Ukraine’s economy. The study results showed that integration into the global economy fosters Ukraine’s economic growth but also increases its vulnerability to external economic shocks. Strategies aimed at economic diversification, infrastructure modernization, and institutional capacity strengthening are proposed to ensure economic stability. The conclusions emphasize the importance of political stability, creating a favorable investment climate, and supporting innovative development for the successful implementation of economic strategies. Active cooperation with international partners and integration into global economic processes are key aspects of Ukraine’s economic space development strategy. Future research prospects include analyzing the impact of technological progress and changes in international trade on Ukraine’s economy, as well as assessing the effectiveness of implemented economic policies and reforms aimed at enhancing the country’s competitiveness in the global market and ensuring its stable economic development.