From exogenously dependent strategy of economic development to endogenously oriented one

The authors provide a summary of report on the execution of the research project on "Medium-term strategy of Ukraine's economic development" within which the scientists investigated important theoretical issues and estimated practical results of Ukraine's and other countries' economic policies in 1990-2002 in terms of realization of strategies of sustainable economic development and their consequences. The analysis takes into account external and internal factors conditioning government regulation, and state and development prospects of Ukraine's economy. Among the project's results are proposals on substantiation of the strategy for transition from the current exogenously dependent pattern of economic transformation to a predominantly endogenously oriented one, which would be oriented to innovation-based strategy of economic growth. Such transition could allow improving internal inter-sectoral and inter-branch equilibrium, expanding the social base for further reforms, decreasing the dependence on the negative impact of external shocks and stabilizing economic growth in the long perspective.