CORRESPONDENCE OF THE MODEL OF OVERCOMING POVERTY OF NOBEL LAUREATES TO THE CONDITIONS OF THE ECONOMIC SITUATION OF MODERN UKRAINE

Анотація

The article highlights the issue of poverty and presents the main, internationally recognized definitions of poverty. It was explained that despite the positive international assessment, Ukraine remains the poorest country in Europe. It is determined that the concept of poverty is multifaceted and can also mean a state of mind that each person borrows from their environment in the process of physical and intellectual development; from this, it was concluded that reforms aimed at the availability and quality of social services would have the most long-term and positive impact on living standards. The scientific works of the Nobel Laureates of 2019, who explored practical ways to overcome global poverty, are considered. Field experiments in education, health, and personal finance were investigated. It was found that the biggest threat to modern Ukrainian business is staff shortages, which is exacerbated by the global aging population, low birth rate. As fewer and fewer people can work due to an aging population, which has a negative impact on the country's economy, many countries are actively implementing the practice of raising the retirement age. The Preston curve is studied, which shows the trend of life expectancy on GDP per capita, and found that life expectancy depends significantly not only on the number of resources but also on the conditions of their spending, the competent distribution of finances by budget items. The Nobel laureates focused on key areas of human capital development, such as education, health care, and personal finance. The state of these industries in Ukraine has been studied and analyzed. It is these consolidated budget items that have suffered the most considerable reductions in the last five years. Fall in GDP in the second quarter of 2020 Compared to the previous quarter, the decrease in the number of students, the increase in arrears of wages, the mismatch between nominal and real wages significantly negatively affect the deteriorating economic situation and increasing poverty in the country. The conclusion is made in Ukraine's relevance of using the model of overcoming poverty of Nobel laureates in the current economic conditions.

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