Zoriana Buryk

Bio: Zoriana Buryk is an academic researcher. The author has contributed to research in topics: Sustainable development & Business. The author has an hindex of 3, co-authored 3 publications receiving 21 citations.

Management of the economic potential of territories in the context of sustainable development: case of Ukraine

Abstract: The process of assessment of economic potential of territories and its governance is a complex task in emerging markets countries, such as Ukraine. This requires the creation of an effective evaluation system and management mechanisms. The paper aims to develop the assessment system of the economic potential of the territories under the conditions of sustainable development and the main components of its management. Methods of research are as follows: analysis, synthesis, systematization, standardization, etc. The integral indicator of the dynamics of the economic potential of Ukrainian regions assessment in the context of sustainable development is substantiated; it includes environmental, investment, institutional, innovation, cluster, infrastructure, financial, export and human capital indices. As a result three groups of regions with different levels of economic potential dynamics have been identified and clustered: regions with a high level of economic potential dynamics; regions with a stable level of economic potential dynamics; regions with low or negative levels of economic potential dynamics. The obtained results ascertain that special attention should be paid to the environmental, investment, innovation and institutional components of the economic potential management.

Economic growth: macroeconomic effects of Public Borrowings at the global level

Abstract: The study examines the peculiarities of the impact of public debt on the economic growth of states. The aim of the study was to analyze and identify the determinants of the impact of government borrowing on economic growth. The following research methods have been applied: analysis and synthesis of data and theoretical work, comparative analysis, statistical, correlation, cluster and discriminant analysis. According to the results of the survey, it is established that the growth of government borrowing can have both a negative and a positive effect on the economy, provided that it implements as the share of government debt to GDP, does not exceed 60% and is implemented in the form of financial investments (golden rule of public finance). The state’s deficit is allowed provided that state assets grow; current income from investment fully covers current expenses. The results of clusterization allowed to allocate 3 groups of states: states that demonstrated the economic downturn; states characterized by slow economic growth; states that were characterized by high level of economic growth. The first group of states (the countries with economic downturn) observed a negative high level of government debt and GDP. The results showed the low level of domestic borrowing development in low and middle income countries, which in developed countries allows governments to finance the investment projects on the basis of local loans (municipal bonds, infrastructure bonds, mainly medium and long-term), increase the debt burden in terms of economic recession.

Anti-corruption policy under the conditions of overcoming the consequences of the coronavirus pandemic

Abstract: Deterioration of the epidemiological situation in the country marked the beginning of rethinking of modern models towards combating corruption risks. Mankind has faced with an extremely serious problem that affects the economic system of the state, intensifies corruption processes and confuses the search for new ways to prevent abuse of officials. The academic paper has considered the basic challenges faced by the world community during the coronavirus pandemic. The destructive consequences of the spread of the coronavirus pandemic have been determined and the directions of improvement and formation of anti-corruption policy under modern conditions have been offered. Particular attention has been paid to the development of current legislation, program and strategic documents, protection of whistleblowers, the need to involve the public in the discussion of key issues in combating corruption, establishment of the principles of integrity, openness and transparency in topical anti-corruption measures in order to overcome the most difficult challenges of nowadays. The need to give priority to the main spheres of public life has been distinguished, where the most significant abuses are possible (health care, public procurement, public administration). Anti-corruption policy under the conditions of counteracting COVID-19 should be formed in accordance with the basic corruption challenges and taking into account current, progressive practices in order to address the issue of eliminating the consequences of illegal activities.

Цілі сталого розвитку в міжнародній системі стандартизації

Abstract: The purpose of the article is to define international standards that are consistent with the sustainable development goals in the processes of globalization. The scientific novelty consists in the allocation and content of the matrix of the sustainable development goals and their respective sectors that determine the direction in the international standardization system. Conclusions. The generally accepted principles and foundations of international cooperation are presented in published (more than 22,000) international standards and related documents of the International Organization for Standardization (ISO). Consensus based, they provide a solid base on which innovation can thrive and are important tools that help governments, industry and consumers contribute to each of the goals of sustainable development. ISO standards cover almost all possible objects from technical solutions to systems that organize processes and procedures that support sustainable development goals through internationally agreed specifications that meet quality, safety and sustainability requirements and are found in sectors such as: security , safety and risk, construction, horizontal subjects, energy, health, medicine and laboratory equipment, information technology, graphics and photography, mechanical engineering, nonmetallic materials, food and agriculture gift, ores and metals, service, special technology, sustainability and the environment, transport, business management and innovation, freight, packaging and distribution. According to the results of the analysis carried out in the article and based on the stated goals of sustainable development and the corresponding sectors that define the direction in the system of international standardization of ISO, a matrix of conformity of the designation of elements is constructed.

Digitalization as a Trend of Modern Development of the World Economy

Abstract: Transformation of economies with the application of information and communication technologies not only strengthens the competitiveness of countries in the international market, but also helps optimize and improve business processes in the international business environment. The purpose of the academic paper is to study the impact of digitalization on the development of the world economy on the example of the economies of the European Union member states. The following methods have been used, namely: analysis, description, generalization, induction, deduction, tabular representation, graphical representation, correlation analysis, systematization and grouping. Results: The positions of the European Union member states that are actively implementing the Digital Single Market strategy have been analyzed. It has been established that according to The Digital Economy and Society Index (DESI), Finland, Sweden, Denmark, the Netherlands and Malta have been among the top 5 leaders with the highest level of digitalization of the economy in 2020. Based on the study of The IMD World Digital Competitiveness Ranking, it has been found that the European Union member states, which are among the top 10 leading countries, such as: Denmark, Sweden and the Netherlands, have a high level of ability and readiness to research and implement digital technologies in order to achieve economic transformation and business transformation. The results of the correlation analysis have revealed the interrelationship between the values of Digital single market – promoting e-commerce for individuals and Enterprises that have provided training to develop / upgrade ICT skills of their personnel (%). It has been proved that Sweden, Malta and Estonia show a very high positive correlation, which indicates that these countries are actively implementing digital technologies in the development of economic processes.