STRUCTURAL DEFORMATIONS IN THE BUSINESS SECTOR AND OVERCOMING THEM: CONTEXT OF UKRAINIAN ECONOMIC RECOVERY

Abstract

The Russian Federation’s war of aggression against Ukraine has caused enormous destruction and damage to the national economy, prompting the search for the most effective ways and directions of rebuilding the country, eradicating poverty, and ensuring economic growth based on the principles of sustainability. This paper argues that in the present days and in the postwar period, structural transition of the economy to higher technological levels is a prerequisite for the recovery of Ukraine. Business sector plays an exceptionally important role in these processes in the context of the new industrial revolution, and its potential should be directed to the production of high value-added industrial products and provision of high-tech services. The most significant technological and sectoral structural deformations, caused by problems and crises in the national economy, are identified and summarized. The research conclusions present ways to overcome them that take into account the peculiarities of pre-war and current conditions and the country’s European integration progress.