PLACE AND ROLE OF UKRAINE IN THE WORLD ECONOMY

Abstract

The article investigates the relationship between the country's share in the world population and its share in the creation of the world product. The human potential of the country is one of the most important factors of its development, the main economic resource. The author analyzes data on ten countries with the largest annual output (GDP by PPP) and ten countries with the largest population. A comparative analysis of these countries is made. It is noted that seven out of ten countries are included in both lists.   The importance of effective use of human potential of the country is shown. The indicator of measuring such efficiency is the coefficient of relative economic development, which is calculated as the ratio of the share of the world GDP created by the country to its share in the population of the planet.  Countries with a coefficient of more than 1.5 can be classified as developed. Coefficients between 1.5 and 0.5 indicate developing countries. Underdeveloped countries have coefficients less than 0.5. The place and role of Ukraine in the world economy at the present stage is determined. To do this, a comparative analysis of these countries with a population of 50 to 35 million and countries that were part of the USSR. Made comparison, unfortunately, look for Ukraine to be unflattering.  The current state of Ukraine's economy is the result of failed reforms in recent decades. The planned economic system was rebuilt into an unmanaged market system of the nineteenth century. In the modern type of economic systems, the state performs a number of very important functions. The state should Supplement and correct the market, where it does not work.   The necessity of radical changes in socio-economic policy at the present stage, to achieve high rates of economic growth. It is proposed to pay attention to the experience of reforms of the Republic of Korea and China. South Korea is an example of turning an economically backward country into a country with a highly developed modern economy, in a historically short time. China is building a modern type of economy by reforming the planned economic system. In both cases, the state plays a key role in accelerating economic development. To be successful, it is necessary to have a well-thought-out government program of action and persistently implement the planned.