Charting Paths for Socio-Economic Revival in the Wake of Military Turmoil

Authors

  • D. Kovalenko Kyiv National University of Technologies and Design, Kyiv, Ukraine.
  • S. Tarasov Interregional Academy of Personnel Management, Kyiv, Ukraine.
  • A. Strunhar National Academy of Leadership in Culture and Arts, Kyiv, Ukraine.
  • L. Boltianska Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine.
  • K. Antonenko National Aviation University, Kyiv, Ukraine.

DOI:

https://doi.org/10.26437/ajar.v10i1.644

Keywords:

Economic recovery. human capital. infrastructure. innovation. military conflict

Abstract

Purpose: The study aims to study socio-economic challenges and identify potential ways to restore the economy damaged by the war.

Design/Methodology/Approach: This study employed a mixed-methods quantitative and qualitative approach. The quantitative data were obtained from publicly available national and international databases, including the World Bank, International Monetary Fund (IMF), Ukrainian State Statistics Service, and Reports from NGOs and humanitarian agencies. The study combined statistical and content analysis to assess Ukraine's socio-economic challenges due to the military conflict.

Research Limitation: The military conflict is ongoing, and socio-economic challenges are continually evolving. Data collected at a certain time may not fully capture the long-term impacts or future developments.

Social Implication: The article examines the need to integrate innovative approaches into the recovery process by implementing long-term strategies that create conditions for attracting international investments.

Practical Implication: The study's results emphasise the importance of the participation of international cooperation, the effective use of investments and the development of human capital to achieve sustainable economic growth.

Originality/Value: Military conflicts leave deep crises in the structure of national economies, causing significant damage to infrastructure and human capital and creating severe socio-economic challenges. The research problem is to identify the economic recovery mechanism after the end of military operations in Ukraine.

 

Author Biographies

D. Kovalenko, Kyiv National University of Technologies and Design, Kyiv, Ukraine.

Dmytro Kovalenko is an Associate Professor, Department of Finance and Business Consulting, Faculty of Management and Business Design, Kyiv National University of Technologies and Design, Kyiv, Ukraine.

S. Tarasov, Interregional Academy of Personnel Management, Kyiv, Ukraine.

Serhii Tarasov is a PhD Student in Management, Interregional Academy of Personnel Management, Kyiv, Ukraine.

A. Strunhar, National Academy of Leadership in Culture and Arts, Kyiv, Ukraine.

Artur Strunharis an Associate Professor with the Department of Library Science and Information Communications, National Academy of Leadership in Culture and Arts, Kyiv, Ukraine.

L. Boltianska, Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine.

Larysa Boltianska is an  Associate Professor, Head of the Department of Economics and Business, Faculty of Economics and Business, Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine.

K. Antonenko, National Aviation University, Kyiv, Ukraine.

Katerina Antonenko is an Associate Professor with the Department of Air Transport Economics, Department of Air Transport Economics, Faculty of Economics and Business Administration, National Aviation University, Kyiv, Ukraine.

References

Al Momani, D. E., Al Ansari, Z., Ouda, M., Abujayyab, M., Kareem, M., Agbaje, T., & Sizirici,

B. (2023, October 1). Occurrence, treatment, and potential recovery of rare earth elements from wastewater in the context of a circular economy. Journal of Water Process Engineering. Elsevier Ltd. https://doi.org/10.1016/j.jwpe.2023.104223

Alekseieva, K., Maletych, M., Ptashchenko, O., Baranova, O., & Buryk, Z. (2023). State

business support programs in wartime conditions. Economic Affairs (New Delhi), 68(1), 231-242. https://doi.org/10.46852/0424-2513.1s.2023.26

Baragaño, D., Berrezueta, E., Komárek, M., & Menéndez Aguado, JM (2023). Magnetic

separation for arsenic and metal recovery from polluted sediments within a circular economy. Journal of Environmental Management, 339. https://doi.org/10.1016/j.jenvman.2023.117884

Batyr, Y., Pomaza-Ponomarenko, A., & Lopatchenko, I. (2023). After War Reconstruction of

Ukraine: Economic Aspect. Public Administration and State Security Aspects, (Vol.1/2023). https://doi.org/10.52363/passa-2023.1-6

Bezverkhyi, K., Kovach, S., & Zolkover, A. (2019). Integrated reporting: Econometric model

of quality assessment. Ikonomicheski Izsledvania, pp 120–133

Chowdhury, P. R., Medhi, H., Bhattacharyya, K. G., & Hussain, C. M. (2023, December 1).

Severe deterioration in food-energy-ecosystem nexus due to ongoing Russia-Ukraine war: A critical review. Science of the Total Environment. Elsevier BV https://doi.org/10.1016/j.scitotenv.2023.166131

Chyrkova, N., & Yankovska, D. (2021). The Ethics of Conserving Modern Art. Baltic Journal

of Art History, 21, 93–102. https://doi.org/10.12697/BJAH.2021.21.05

Dunkley, M. (2023). Monumental Decisions: The Impact of the Russo-Ukrainian War on Soviet

War Memorials. Historic Environment: Policy and Practice, 14(2), 227–235. https://doi.org/10.1080/17567505.2023.2207165

Dyomin, M., & Ivashko, Y. (2020). Research, preservation and restoration of wooden churches

in Ukraine. Wiadomosci Konserwatorskie, 2020(61), 85–90.

https://doi.org/10.48234/WK61UKRAINE

Ersahin, M. E., Cicekalan, B., Cengiz, A. I., Zhang, X., & Ozgun, H. (2023, June 1). Nutrient

recovery from municipal solid waste leachate in the scope of circular economy: Recent developments and future perspectives. Journal of Environmental Management. Academic Press. https://doi.org/10.1016/j.jenvman.2023.117518

Gao, M. (2023). Role of financial inclusion and natural resources for green economic recovery

in developing economies. Resources Policy, 83. https://doi.org/10.1016/j.resourpol.2023.103537

Gura, V., & Berdanova, O. (2022). Entrepreneurship restoration and development in Ukraine

on the ESG-concept basis. Visnyk Taras Shevchenko National University of Kyiv. Military-Special Sciences, (2(50)), 68–73. https://doi.org/10.17721/1728-2217.2022.50.68-73

Heisbourg, F. (2023). How to End a War: Some Historical Lessons for Ukraine. In Survival:

Global Politics and Strategy: Volume 65 Number 4 | August-September 2023 (Vol. 65, pp. 7–24). Taylor and Francis. https://doi.org/10.1080/00396338.2023.2233347

Hnedina, K., & Nahornyi, P. (2022). Threats to Ecological Safety: Realities of Wartime and

Economic Stimulation of Post-War Ecological Restoration of Ukraine. Problems and Prospects of Economics and Management, (4(32)), 39–52. https://doi.org/10.25140/2411-5215-2022-4(32)-39-52

Kathi, S., Singh, S., Yadav, R., Singh, A.N., & Mahmoud, A.E.D. (2023). Wastewater and

sludge valorisation: a novel approach for treatment and resource recovery to achieve circular economy concept. Frontiers in Chemical Engineering. Frontiers Media SA https://doi.org/10.3389/fceng.2023.1129783

Kornievskyy, O. (2023). Interaction of Public Associations with Government Bodies Regarding

the Educational Training of Specialists in Restoration of Ukraine. National Technical University of Ukraine Journal. Political Science. Sociology. Law, (1(57)), 97–104. https://doi.org/10.20535/2308-5053.2023.1(57).280805

KSE. (2023). The total amount of damage caused to the infrastructure of Ukraine due to the

war reaches $151.2 billion, estimate as of September 1, 2023.

https://kse.ua/about-the-school/news/the-total-amount-of-damage-caused-to-the-infrastructure-of-ukraine-due-to-the-war-reaches-151- 2-billion-estimate-as-of-September-1-2023/

Kulikov, P., Aziukovskyi, O., Vahonova, O., Bondar, O., Akimova, L., & Akimov, O. (2022).

Post-war economy of Ukraine: Innovation and investment development project. Economic Affairs (New Delhi), 67(5), 943-959. https://doi.org/10.46852/0424-2513.5.2022.30

Kussainov, K., Goncharuk, N., Prokopenko, L., Pershko, L., Vyshnivska, B., & Akimov, O.

(2023). Anti-corruption management mechanisms and the construction of a security landscape in the financial sector of the EU economic system against the background of challenges to European integration: Implications for artificial intelligence technologies. Economic Affairs (New Delhi), 68(1), 509-521. https://doi.org/10.46852/0424-2513.1.2023.20

Kvasnii, L., Moravska, O., Malyk, L., Shulzhyk, Y., Orlova, O., & Scherban, O. (2023).

Scenarios of the Development of Enterprises of the Tourist Industry of Ukraine in the Conditions of the War and Post-War Period. Financial and Credit Activity: Problems of Theory and Practice, 2(49), pp. 313-325.

Lin, M., Zeng, H., Zeng, X., Mohsin, M., & Raza, SM (2023). Assessing green financing with

emission reduction and green economic recovery in emerging economies. Environmental Science and Pollution Research, 30(14), 39803–39814. https://doi.org/10.1007/s11356-022-24566-5

Lopatynskyi, Y., Belei, S., Kapelista, I., & Pavlyshyn, M. (2023). The Effectiveness of the

Management System in the Conditions of War and its Influence on the Development of Agribusiness. Review of Economics and Finance, 21, pp. 932-940.

Nikonenko, U., Shtets, T., Kalinin, A., Dorosh, I., & Sokolik, L. (2022). Assessing the policy

of attracting investments in the main sectors of the economy in the context of introducing aspects of Industry 4.0. International Journal of Sustainable Development and Planning, 17(2), 497-505. https://doi.org/10.18280/ijsdp.170214

Novak, A., Pravdyvets, O., Chornyi, O., Sumbaieva, L., Akimova, L., & Akimov, O. (2022).

Financial and economic security in the field of financial markets at the stage of European integration. International Journal of Professional Business Review, 7(5) https://doi.org/10.26668/businessreview/2022.v7i5.e835

Papamichael, I., Voukkali, I., Loizia, P., & Zorpas, A.A. (2023). Construction and demolition

waste framework of circular economy: A mini-review. Waste Management and Research, 41(12), 1728–1740. https://doi.org/10.1177/0734242X231190804

Rawtani, D., Gupta, G., Khatri, N., Rao, P. K., & Hussain, C. M. (2022). Environmental

damages due to war in Ukraine: A perspective. Science of The Total Environment, 850, 157932.

Redzyuk, Y. (2022). Post-war socio-economic restoration of Ukraine: background,

opportunities and prospects. Problems of Innovation and Investment Development, (28). https://doi.org/10.33813/2224-1213.28.2022.1

Rishnyak, O. (2020). Restoration Activities in Ukraine in the Context of Global Conservation

Trends. ARTISTIC CULTURE. TOPICAL ISSUES, (16(2)), 153–157. https://doi.org/10.31500/1992-5514.16(2).2020.217809

Roik, O. (2023). The Directions of Sustainable Development of Tourism in Ukraine in the

Conditions of Post-War Recovery. Economic Scope. https://doi.org/10.32782/2224-6282/184-9

Romanadze, L. (2022). Mediation in Post-War Restoration in Ukraine. Access to Justice in

Eastern Europe, 5(Special Issue), 202–217. https://doi.org/10.33327/AJEE-18-5.4-n000432

Salsabila, S., & Muttaqin, M. I. (2023). Impact of Russia-Ukraine Conflict on Turkey's

Economic Stability. International Journal of Social Service and Research, 3(7), 1642–1652. https://doi.org/10.46799/ijssr.v3i7.453

Sari, S. P., Regita Cahyani Muis, A., Amatillah, M., & Thyra Janitra, N. (2023). Development

of Halal Value Chain as a Manifestation for Economy Recovery in Post Covid-19. Dauliyah: Journal of Islam and International Affairs, 8(2), 151–163. https://doi.org/10.21111/dauliyah.v8i2.10523

Shylepnytskyi, P., & Petrova, I. (2022). "Combined" Models of Public-Private Partnership for

the Reconstruction of Ukraine. Economic Herald of the Donbas, (2 (68)), 154–164.

https://doi.org/10.12958/1817-3772-2022-2(68)-154-164

Smagol, V. M., & Gavris, G. G. (2016, April 1). The Wisent Bison bonasus (Mammalia,

Artiodactyla) Restoration in Ukraine: Results and Perspectives. Vestnik Zoologii. National Academy of Sciences of Ukraine. https://doi.org/10.1515/vzoo-2016-0022

Soo, A., Wang, L., Wang, C., & Shon, H.K. (2023, May 1). Machine learning for nutrient

recovery in the smart city circular economy – A review. Process Safety and Environmental Protection. Institution of Chemical Engineers. https://doi.org/10.1016/j.psep.2023.02.065

Statista. (2023). Total estimated recovery and reconstruction needs of Ukraine from 2023 to

, by sector and term, in billion US dollars. Economy & Politics › Economy. https://www.statista.com/statistics/1376987/ukraine-recovery-and-reconstruction-needs/

Statista. (2024). Number of civilian casualties in Ukraine during Russia's invasion verified by

OHCHR from February 24, 2022 to February 15, 2024. Economy & Politics› Politics & Government. https://www.statista.com/statistics/1293492/ukraine-war-casualties/

Trush, T. (2022). Christian Geopolitics: His All-Holiness Ecumenical Patriarch Bartholomew

and Ukrainian Autocephaly. Sophia. Human and Religious Studies Bulletin, 19(1), 67–70. https://doi.org/10.17721/sophia.2022.19.15

Tsyhura, H.O. (2022). Athletes' education for the restoration of Ukraine. Publishing House

Baltija Publishing, pp. 30–33. https://doi.org/10.30525/978-9934-26-253-1-7

Wang, J., Dong, K., & Wang, K. (2023). Towards green recovery: Platform economy and its

Impact on carbon emissions in China. Economic Analysis and Policy, 77, 969–987. https://doi.org/10.1016/j.eap.2023.01.004

Xames, M. D., Shefa, J., & Sarwar, F. (2023). Bicycle industry as a post-pandemic green

recovery driver in an emerging economy: a SWOT analysis. Environmental Science and Pollution Research, 30(22), 61511–61522. https://doi.org/10.1007/s11356-022-21985-2

Yakoviyk, I., & Turenko, A. (2023). Confiscation of Russian Assets for the Restoration of

Ukraine: Legal Problems of Implementation. Problems of Legality, (161), 6–29.

https://doi.org/10.21564/2414-990x.161.277365

Yang, M., Cela, B., & Yang, F. (2020). Innovative energy policy to transform energy systems

in Ukraine. Mitigation and Adaptation Strategies for Global Change, 25, 857-879.

Zakharchenko, V. I. (2022). Restoration of Ukraine from the Consequences of the War by

Means of Neo-Economy: Sectoral and Spatial Approaches. Ukrainian Geographical Journal, 2022(4), 23–36. https://doi.org/10.15407/ugz2022.04.023

Zhuravka, F., Nebaba, N., Yudina, O., Haponenko, S., & Filatova, H. (2023). The Hospitality

Market in Ukraine: War Challenges and Restoration Possibilities. Innovative Marketing, 19(1), 140–150. https://doi.org/10.21511/im.19(1).2023.12

Zolkover, A., Petrunenko, I., Iastremska, O., Stashkevych, O., & Mehdizade. (2022). Benefits

and Risks of Digital Business Transformation: the Example of Eastern Europe Countries. Journal of Eastern European and Central Asian Research, pp 344–356

Downloads

Published

2024-09-11

How to Cite

Kovalenko, D., Tarasov, S., Strunhar, A., Boltianska, L., & Antonenko, K. (2024). Charting Paths for Socio-Economic Revival in the Wake of Military Turmoil. AFRICAN JOURNAL OF APPLIED RESEARCH, 10(1), 481–494. https://doi.org/10.26437/ajar.v10i1.644