Objective interests of Ukraine’s economy development – the basis for making integration decisions

Abstract

Based on the analysis of official statistical data reflecting the development of Ukraine’s economy, which is characterized by low competitiveness of business entities of the industrial complex, their poor innovation activity, a steady decline in the level of implementation of innovative products in foreign markets, a crisis situation with the modernization of production, the conclusions are grounded that in view of these circumstances there are obvious great risks for the country concerning the course of modern integration processes. Different points of view of scientists and practitioners as for the prospects for the revival of the national scientific and technical and economic potential in connection with the signing of the Agreement on Association of Ukraine with the European Union and the Agreement on the Establishment of Free Trade Zone with the EU are examined. The possible losses and negative impact resulting from the implementation of the commitments included in the Agreement on Association with the EU are analyzed. The arguments are given that the basis for making any integration decisions should be the objective interests of the economy development and the improvement of the well-being of the people. In this regard, the advantages of Ukraine’s integration with the Customs Union of Russia, Belarus and Kazakhstan are demonstrated. The conclusion is made and well-grounded that in the framework of the scientific and technical integration with the enterprises of the Customs Union there is a real opportunity to provide Ukraine’s economy growth and its transfer to an innovative model, to promote the development of production-cooperative and commercial ties in the border regions of the country, to save its scientific potential, to increase the efficiency of using engineering and technical personnel and workers.