Evaluation of Ukraine’s integration processes in the globalized economic system of the EU

Abstract

The article, in a sense, summarizes the authors’ developments for evaluating the qualitative and quantitative characteristics of Ukraine’s integration into the European community. Summing up these long-term studies, the article aims to generalize scientific approaches to determining the essence and forms of manifestation of the internationalization and integration of Ukraine into the globalized Euro-Atlantic economic system. The need to identify promising vectors for improving the economic development strategy of Ukraine in the light of the prospects for its integration into the globalized economic system of European countries determines the relevance of the study conducted by the authors. According to the results of the study, the following important conceptual conclusion has been made: Ukraine-EU relations have been characterized by dynamic development since the country gained independence, while a number of signed agreements indicate a significant interest of both parties in cooperation. At the same time, in the process of rapprochement between Ukraine and the EU, the impact of negative factors of European integration has also manifested. The latter, in particular, include: inability to bear the financial burden of contributions to the EU; increased competition from firms of the EU member states in the liberalization process, as well as increased openness of the national economy. Based on the results of the analysis, a scientific concept is presented depicting the integration paradigm of the present, designed to stimulate the creation and implementation of public policy measures aimed at further combining the national economic system of Ukraine with the globalized economy of the EU member states.