KYIV. April 12 (Interfax-Ukraine) – Ukraine needs a new economic paradigm, because the current model of the national economy, which provides for the control of large rental business over state institutions, will lead Ukraine’s economy to a final decline, an MP, co-founder of the Ukrainian Business Initiative Union, Serhiy Taruta, has said.
In the course of the II Ukrainian Business Forum, he presented a doctrine of the balanced development ‘Ukraine 2030′, developed by the country’s best economists, which proposes the implementation of a person-centric model of the economy.
“There are balanced calculations showing that only intensive development based on innovative modernization of the national economy, fostering the development of the internal market, will achieve economic growth of at least 10% per year so that Ukraine’s GDP will reach $750-800 billion annually by 2030. The necessary ways to this end are unshadowing of the economy, deoffshorization and deregulation of business, fight against corruption, liberalization of tax policy, the modernization of pension schemes, the introduction of high technology, the renegotiation of cooperation with the IMF and development of the business-constitution,” Taruta said.
According to him, at present Ukraine has fallen from the level of developing countries to the category of poor countries. “And now it is a huge task for each of us to return to the category of developing countries. We all need to unite and decide what to do next. Under the best possible circumstances, Ukraine has only 3% of probability of achieving a balanced development of the developed countries’ level by 2030. It is necessary to make good use of this probability,” Taruta said.
“The doctrine provides answers to the main questions: what are the strongholds of the national economy? What should be the criteria of the national economy for the innovation leap? What are the horizons of balanced development of Ukraine? What do we want to achieve in 2030?” the deputy said.
The Ukrainian business forum traditionally unites business community of Ukraine. More than 400 Ukrainian business leaders, representatives of various sectors and regions of Ukraine, people’s deputies, Prime Minister of Ukraine Volodymyr Groysman and First Deputy Prime Minister Stepan Kubiv attended the event.
The forum is organized by influential associations of the Ukrainian business community: the Council of Entrepreneurs under the Cabinet of Ministers of Ukraine, the Ukrainian Chamber of Commerce and Industry, the Ukrainian Business Initiative, the Ukrainian Union of Industrialists and Entrepreneurs, the Federation of Ukraine’s Employers.
