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Received 22.07.2022

Revised 10.11.2022

Accepted 15.12.2022

Retrieved from Iss. 112, 2022

Pages 322 -331

  • 112 Views

Suggested citation

Kozak, L., & Fedoruk, O. (2022). CONCEPTUAL APPROACHES TO ENSURING THE SUSTAINABLE DEVELOPMENT OF THE NATIONAL ECONOMY IN MODERN ECONOMIC CONDITIONS. Automobile Roads and Road Construction, (112), 322-331. https://doi.org/10.33744/0365-8171-2022-112-322-331

CONCEPTUAL APPROACHES TO ENSURING THE SUSTAINABLE DEVELOPMENT OF THE NATIONAL ECONOMY IN MODERN ECONOMIC CONDITIONS

Lyudmila Kozak Olesia Fedoruk

Abstract

The article examines the essence and main components of the concept of sustainable development. The basic principles of ensuring sustainable development in modern conditions are analyzed. The prerequisites for implementing the concept of sustainable development in business practice are substantiated. The problems in the sphere of ensuring sustainable economic development are studied. General recommendations on the implementation of the concept of sustainable development of the national economy have been formulated. For Ukraine, the implementation of the postulates of sustainable development and the declaration of sustainability as the main imperative is a necessary condition from the social, economic, competitive, and political points of view. Currently, the country has a wide range of legislative, regulatory and advisory documents for the implementation of sustainability principles. Currently, it is necessary to improve and make the most complete use of all existing elements of the mechanism for ensuring socio-economic development. Increasing the efficiency of the state's socio-economic and environmental policy, ensuring their mutual coherence and complementarity is urgent. All this will make it possible to ensure the economic well-being and competitiveness of the country while simultaneously reducing the burden on the environment. Sustainable development is positioned as an important imperative for today's and future generations, a new stage in the progressive development of humanity, which requires reforming existing approaches at all levels. The steps to formulating an effective concept of sustainable development require the following steps: determination of the existing state of instability, that is, the ways and parameters of achieving sustainability and overcoming the distance of sustainability; clear definition of the parameters on which it is expedient and possible to start working on and implement concepts and programs of sustainable development; determining the relationships between the levels of implementation of the concept of sustainability; changes in the perception of many economic, industrial, social and other processes regarding the impact on balanced development, that is, the definition of sustainable development as a doctrine of development at all levels; creation of the most complete information base and infrastructure; ensuring compliance of the legal field with sustainability requirements; adaptation of current methodological approaches to the requirements of the sustainability of the development of the national economy

Keywords:

strategy of sustainable development, national economy, international security, economic security of the enterprise, management decisions, economic efficiency, socially and ecologically efficient economy, economic growth, resource efficiency, economics of sustainable development

References

  1. Kozak, L., Fedoruk, O., & Zaplitna, T. (2023). Strategic vectors of sustainable development of Ukraine's economy in the context of world economic dominants. In B. Alareeni & A. Hamdan (Eds.), Innovation of businesses, and digitalization during Covid-19 pandemic (Vol. 488, pp. 319-338). Cham: Springer. doi: 10.1007/978-3-031-08090-6_19.
  2. Bobukh, I. (2016). Behavioral economics and sustainable development: Key aspects of interconnection. Economist, 6, 4-8.
  3. Zharova, L.V. (2018). Modern theories of management and sustainable development: Points of intersection. Economics and Law, 2, 132-139.
  4. Kozak, L.S., & Fedoruk, O.V. (2022). “Green” trend of structural changes and business initiatives for sustainable economic development at global and national levels. Automobile Roads and Road Construction, 111, 298-309. doi: 10.33744/0365-8171-2022-111-298-309.
  5. Kuzmina, O.S. (2015). Analysis of approaches to the interpretation of the concept “sustainable development of the enterprise”. Bulletin of Khmelnytskyi National University. Economic Sciences, 5(1), 13-21.
  6. Kuspliak, H.I., & Kuspliak, I.S. (2020). Sustainable development: Stages of formation, essence of the concept, main vectors and interfaces. State Building, 1.
  7. Riabchyn, O.M. (2011). Sustainable development under conditions of energy-efficient development of the world economy. Modern Issues of Economics and Law, 2, 81-85. 
  8. Svystun, K.O. (2017). Genesis of the concept “sustainable development” and approaches to its implementation. Young Scientist, 2, 326-333.
  9. Smorzhanuk, T.P. (2013). Sustainable development under conditions of globalization and its components. Economic Innovations, 53, 253-260.
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https://doi.org/10.33744/0365-8171-2022-112-322-331

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