THE ROLE OF THE EU COMPETITIVENESS FRAMEWORK IN SHAPING UKRAINE'S SUSTAINABLE DEVELOPMENT STRATEGY

Анотація

Abstract. European Union (EU) competitiveness framework influences sustainable development strategy of the member states of the EU and neighboring countries aspiring to integrate to EU. The influence of the EU competitiveness framework for Ukraine’s sustainable development strategy is considered in this article. There are both challenges and opportunities for Ukraine to adapt its policies and its governance structures in order to follow EU standards. Ukraine’s ongoing reforms, with the aspiration for closely EU integration, are emphasizing the relevance of this study, since the EU offers economic and political benefits. The objective of the research is to determine the main elements of the EU competitiveness framework and evaluate their relevance to Ukraine’s development strategy. It studies the most important EU directives, for example European Green Deal and Sustainable Development Goals, to present how they can be used to support the activities of innovation, digital change, and ecology in Ukraine. The article applies comparative analysis to identify gaps in the current policy framework in Ukraine and the EU standards in areas of social policies, infrastructure, and regulatory alignment. The method of research is based on a systematic review of the existing literature and case studies, as well as on policy documents of both the EU and Ukraine. The research argues that, despite major improvement in some areas (renewable energy and digital governance), Ukraine still lacks a comprehensive adjustment of its policies to EU standards. Institutional inefficiencies, economic disparities, and old infrastructure form part of these challenges. But the study also finds a number of opportunities for Ukraine to take advantage of the EU’s competitiveness framework, to the Ukrainian economy’s benefit: economic growth, investment in green energy and greater trade partnerships. This work also has a practical value as recommendations for the policy actions Ukraine can take to harmonize with the EU framework are provided. Finally, these recommendations aim to enhance institutional capacity, support public private partnership and tailor investments in sustainable sectors. Ukraine's long-term development prospects, its global competitiveness, and its contribution to regional stability can be improved by aligning Ukraine with the EU framework of competitiveness.

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