KORABLIN S. O.

Economy of Ukraine (Ukrainian) - - Contents - S. O. KORABLIN, Doctor of Econ. Sci., Deputy Director, Institute for Economics and Forecasting of the NAS of Ukraine (Kyiv)

– The Washington Consensus: then and now

Principles of the “first generation reforms” and “second generation reforms”, recommended by international organizations to countries that apply to them for financial support, are analyzed. The critique of these recommendations in the framework of the Washington consensus is considered. The specific features of small, commodity economies, linked to global cycles of raw material conjuncture, are shown. It is emphasized that national finance of such economies is critically dependent on the phases of the global market conjuncture, however this crucial dependence is laying beyond the Washington consensus postulates. It is concluded that reducing the commodity dependence and respective vulnerability of small open economies requires their technological development and industrial modernization. Keywords: the Washington consensus; “first generation reforms”; “second generation reforms”; small, commodity economy; commodity conjuncture; technological development; modernization of the economy.

Від­по­від­но до ме­ти статті , роз­гля­да­ю­ться клю­чо­ві прин­ци­пи еко­но­мі­чної по­лі ти­ки, ре­ко­мен­до­ва­ної між­на­ро­дни­ми ор­га­ні­за­ці­я­ми кра­ї­нам, які звер­та­ю­ться до них по фі­нан­со­ву до­по­мо­гу; роз­кри­то окре­мі недоліки за­зна­че­них ре­ко­мен­да­цій; на­ве­де­но їх ана­ліз у прив’яз­ці до до­сві­ду Укра­ї­ни; за­про­по­но­ва­но кон­це­пту­аль­ні під­хо­ди до ре­фор­му­ва­н­ня ма­лих, си­ро­вин­них еко­но­мік.

© Кораблін Сер­гій Оле­ксан­дро­вич (Korablin Sergii Oleksandrovу­ch), 2017; e mail: skorablin@ukr.net.

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