Evaluation of Economic Development of Independent Ukraine

Bc. Iryna Ryzhkova

Master's thesis

Abstract:

The economic landscape of the 21st century is characterized by heightened globalization, resulting in increased economic and political competition among nations. In this context, weaker states seek to align their economic and political agendas to bridge the gap with more advanced counterparts, navigating the complexities of the global market and international political dynamics. This study focuses on the economic development of independent Ukraine since its inception in 1991, examining various facets such as sectoral contributions to GDP, foreign direct investments (FDIs), trade dynamics, and strategic partnerships with the Visegrad Group (V-4) countries. The thesis begins with an exploration of Ukraine's historical background and its evolution post-independence, delving into economic trends observed during different phases of development. It also analyzes the economic trajectories of the V-4 countries, providing a comparative analysis to contextualize Ukraine's economic performance within the regional landscape. Specifically, it scrutinizes Ukraine's exports to the EU-27 in 2021, evaluating their contribution to economic growth, and analyzes imports from the EU-27 during the same period. Furthermore, the study investigates lessons learned by Ukraine from its interactions with the V-4 countries, offering insights into strategic partnerships and economic cooperation. Lastly, the study undertakes a comprehensive evaluation of the advantages and disadvantages associated with Ukraine's potential accession to the European Union, offering a balanced assessment of the implications of such a move.

Keywords

Economic growth and development, Ukraine, the Visegrad Group Countries, cooperation, development

Language used: English

Date on which the thesis was submitted / produced: 3. 4. 2024

Thesis defence

• Date of defence: 29. 5. 2024
• Supervisor: doc. Ing. Karel Tomšík, Ph.D.
• Reader: Mirna Suleiman, externi

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme:
European Agrarian Diplomacy