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Growth and/or development; market and/or plan; foreign and/or national capital?

Author

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  • Boyan Durankev

    (Higher School of Insurance and Finance)

Abstract

From the management point of view, the economic system (in particular, Ukraine) is characterized (as well as from the structural point of view) by two coordinates: sectoral-transterritorial and territorial-intersectoral management subsystems. In this dichotomy, there are not two, but three subjects of management: transsectoral corporations as centers of management and realization of private interests in the national and transnational aspects; the national state as the center of management and implementation of public interests in the national and intersectoral aspect; The UN and the European Union (where Ukraine aspires) as a center of supranational management and coordination of intersectoral, national and transnational interests. The questions become very interesting: whether to pursue economic growth or economic development; how much to leave on the "market" and how much - on national plans and programs; should we count on foreign, national-private, or national-state capital in the future? Conclusion. As one can see, solving these issues is standing not only before Bulgaria and Ukraine, but also before most countries of the world; in general, the interests of these 7 billion people of the current 7.8 billion people in the world lie in this direction, so these are democratic approaches to socio-economic development.

Suggested Citation

  • Boyan Durankev, 2022. "Growth and/or development; market and/or plan; foreign and/or national capital?," University Economic Bulletin, Hryhorii Skovoroda University in Pereiaslav, Faculty of Financial, Economic and Vocational Education, issue 53, pages 94-98, June.
  • Handle: RePEc:aff:colart:y:2022:i:53:p:94-98
    DOI: https://doi.org/10.31470/2306-546X-2022-53-94-98
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