Year: 2023 | Month: December | Volume 68 | Issue 4

Post-war Recovery Practices for Ukraine, based on the Experience of other Countries that have Undergone Similar Processes

Olha Kravchenko Larysa Sergiienko Hanna Niameshchuk Tetiana Mamatova and Iryna Chykarenko
DOI:10.46852/0424-2513.4.2023.35

Abstract:

This article aims to study the specifics of post-war recovery practices in European countries to elaborate
on the key recommendations for Ukraine’s post-war reconstruction policy. The research methodology is
based on general scientific and empirical methods of studying political, economic, social, and institutional
factors of Ukraine’s recovery and similar practices of the most developed countries. The study results of
post-war reconstruction practices in European countries prove the importance of building institutional
norms, European integration (political, economic, ideological, and value-based), and mechanisms for
financing development projects to create a new innovative model of economic growth and social welfare.
Furthermore, the implementation of the Marshall Plan (European Recovery Program) and the Dodge Line
(Recovery Program for Japan) prove the importance of creating capable institutions and their political
cooperation with the affected countries to promote industrial growth and transition to post-industrial
societies dominated by a significant share of the quaternary and quinary economy sectors. Practical
relevance. The article’s authors analyzed the Recovery Plan of Ukraine compared with the reconstruction
plans of European countries and Japan. The authors have identified the need for institutional support
from international partners due to high corruption risks in Ukraine, the resource-based structure of the
Ukrainian economy, and the need to stimulate economic development through investment, innovation,
and building effective education, social security, and healthcare systems. Therefore, as part of Ukraine’s
recovery policy, it would be reasonable to use mechanisms of institutional and political support from
partners and economic development financing means to address the problem of institutional failure in
Ukraine.

Highlights

  • This article aims to study the specifics of post-war recovery practices in European countries to elaborate on the key recommendations for Ukraine’s post-war reconstruction policy.




© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Print This Article Email This Article to Your Friend

Economic Affairs, Quarterly Journal of Economics| In Association with AESSRA

29378622 - Visitors since February 20, 2019