Globalization processes in innovative entrepreneurship of Ukraine: descriptive and analytical aspect

Horiashchenko Yuliia
DrSc (Economics), Associate Professor, Professor of the Department of Entrepreneurship and Economy of Enterprise University of Customs and Finance, Dnipro, E-mail:julia.goryaschenko@gmail.com, ORCID ID: https://orcid.org/0000-0001-7020-1412

Cite this article:

Horiashchenko Yu. (2022) Globalization processes in innovative entrepreneurship of Ukraine: descriptive and analytical aspect. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Hlobalizatsiini protsesy v innovatsiinomu pidpryiemnytstvi Ukrainy: deskrytyvno-analitychnyi aspekt; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 7 (296), pp. 28-33.

Abstract

Aim. The purpose of this article is to substantiate the priority of innovative development of Ukrainian entrepreneurship, contextualized by the process of deep economic transformation and globalization. Methods. The main methods used in this research are were the method of comparison, logical and economic analysis, synthesis, generalization and content analysis. Results and discussion. The main focus of the article is on the evaluation of the high-tech sector of the economy, its role in the innovative development of the country, as well as forecasts regarding the recession and economic upswing of the world and national economies. It has been proven and demonstrated that, in accordance with the theory of long waves, the world economy is currently heading towards the lowest point of the great fifth cycle recession, globalization is gaining momentum and producing recession and depression against the background of changing financial and economic crises, cataclysms, pandemics, numerous military conflicts around the world. Instead, it was established that innovations are directly related to crisis phenomena or economic prosperity. It was emphasized that with the advent of the pandemic, the planning horizon for everyone was sharply reduced and it was necessary to concentrate on issues of survival and adaptation. For Ukraine, such a situation is currently burdened by a complex war. In addition, the article provides parallels and differences between globalization and glocalization. Recommendations have been developed to promote the effective integration of economic (first of all, the strategic development of the industrial complex for the recovery of the state economy), political and cultural processes.

Keywords

innovations, innovative entrepreneurship, globalization, glocalization, long-wave theory, technologies, technological structure.

JEL classification: F150, М210, О140, О310; DOI: 10.32680/2409-9260-2022-7-296-28-33

UD classification: 001.895:338.28:004.67:330.341

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