Knowledge economy: Trends in the world and analysis of Ukraine

Abstract

The objective of the article is to study the regional development of Ukraine through the prism of indicators that characterize the knowledge-based economy, comparing it to other countries. It has been determined that the appearance of a new economy in the world arena is dictated by time and new trends in the world. Performed study justified that in the conditions of Ukraine, economic knowledge can be a breakthrough in the country's growth. Given the ambiguity and uneven economic development of the administrative-territorial units of Ukraine, the main destabilizing factors that hinder the successful implementation of reforms have been identified. A comparative analysis of the Ukrainian economy with that of Poland has been carried out. Also, the competitive advantages of the Polish economy have been identified, where the main factors are indicated as the highly developed human potential and the existence of substantial funding toward academic research. For this reason, the critical requirements for Ukraine’s development are economic knowledge based on science, modern technologies, improved educational system, and continues professional training of executive management personnel.