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GLOBAL MONETARY INTEGRATION AND DETERMINATION
OF STRATEGIC PRIORITIES FOR THE EXCHANGE RATE POLICY IN UKRAINE
The internationalization and fragmentation of the world’s production, distribution, exchange and consumption is reflected in the currency system, which has long since been not exclusively determined by political boundaries. The purpose of the research is justification of the process of global monetary integration and determining in this context ...
The internationalization and fragmentation of the world’s production, distribution, exchange and consumption is reflected in the currency system, which has long since been not exclusively determined by political boundaries. The purpose of the research is justification of the process of global monetary integration and determining in this context the priorities of exchange rate policy in Ukraine. Two types of monetary integration that fits best to developing countries are heighlighted: dollarization and currency board. The types and evolution of dollarization models are described. The accent is focused on advantages and disadvantages of dollarization for developing countries. The essence and theoretical backgrounds of currency board are considered. A classification of exchange rate regimes according to IMF is presented. The social and economic development of Ukraine and monetary factor in shaping the welfare of the state are marked. After twenty-five years of efforts, Ukraine seems to have encountered the same challenges that it had faced twenty-five years ago: the challenges of integration and participation in the globalized world. Even though the country has made substantial progress, there is still much to be done. Judging from the couple of crises the country has suffered, one is inclined to say that participation of the country in the international financial markets is a point which matters much for Ukraine. The country did not manage to reap the advantage of capital mobility. Today, the country suffers again from a severe currency and banking crisis, where the national currency, hryvnya, devalues on a daily basis, and many people see their balances deteriorating. The policy-makers, the authorities and especially the National Bank of Ukraine (NBU) have used measures that did not work. The society is anxious and frustrated; it has even started to think about solutions like those on the hard side of the ‘Bipolar View’ theory, such as the currency board and dollarization. Weighing the impact of voting for or against one of the models of the exchange rate regime in the Ukrainian economy reform, one must realize that they are not universal. However, choosing the currency board regime allows stabilizing the financial market and quickly offsetting the fall in the standard of living, which resulted from miscalculations, abuses and possibly fraudulent decisions in favour of certain corrupt oligarchic groups in the system of exchange rate policy.
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THE MODEL OF COMPETENCES AND
THE PRINCIPLES OF MONITORING THE RESULTS
OF PUBLIC ADMINISTRATION BASED
ON ONTOLOGIES
: The competence approach has become an integral part of the personnel management system of organizations. In improving the quality of civil servants’ work, there is a qualified and competent level of public service employees. This paper presents an analysis of the situation in civil service management, outlines the problems of managing the ...
: The competence approach has become an integral part of the personnel management system of organizations. In improving the quality of civil servants’ work, there is a qualified and competent level of public service employees. This paper presents an analysis of the situation in civil service management, outlines the problems of managing the competencies of civil servants. Within the framework of the survey, more than 365 civil servants were interviewed, from the specialist to the head of the department. The most popular competencies among civil servants have been singled out. This is general professional, normative-legal, competence of effectiveness and efficiency of work. The groups of competences ‘management of changes’, ‘self-management and professional growth’ turned out to be the least in demand. Respondents also noted a high need for updating their professional knowledge. However, the problem of knowledge sharing persists, when the knowledge received by employees is better expressed at conferences, but is mostly reserved for personal use only and is not recorded on any media. The set of competencies will allow to describe the labour behaviour, which is required for the successful performance of work in a given position or for a group of similar posts, accurately enough. The ontological approach to assessing the competencies of civil servants will link the task of assessing competencies through the transformation of a query into a set of terms and concepts with specific needs of the project, the planned task or the function performed. The creation of a decision support system to ensure that the competencies of civil servants meet the requirements of labour functions on the basis of mathematical methods will allow the personnel service to efficiently recruit employees for vacant positions in a state organization.
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SUSTAINABLE DEVELOPMENT – THEORETICAL
AND PRACTICAL ASPECTS
The present paper argues again that sustainable development is an objective need of people, which has no alternative. The paper examines a very small part of the ‘man-nature’ relationship. On the one hand, the major achievements in the implementation of the sustainable development are described and, on the other hand, the problems that need to be ...
The present paper argues again that sustainable development is an objective need of people, which has no alternative. The paper examines a very small part of the ‘man-nature’ relationship. On the one hand, the major achievements in the implementation of the sustainable development are described and, on the other hand, the problems that need to be studied and solved by scientists, policy makers, practitioners and others are set out, since this concept requires an integrated approach. We consider that the implementation of sustainable development is the only option. Moreover, its implementation is imposed by the reality because we owe it to present and future generations.
