ETHICAL ASPECTS OF BIOECONOMY IN POST-WAR RECONSTRUCTION PROJECTS IN UKRAINE

Nina Petrukha; Illia Demydonok; Oleksandr Hubanov

doi:10.36690/2674-5208-2024-4-4-17

Authors

Nina Petrukha Kyiv National University of Construction and Architecture https://orcid.org/0000-0002-3805-2215
Illia Demydonok College of international business https://orcid.org/0000-0001-9158-8695
Oleksandr Hubanov College of international business https://orcid.org/0009-0000-5094-0090

DOI:

https://doi.org/10.36690/2674-5208-2024-4-4-17

Keywords:

bioeconomy, post-war recovery, project management, Ukraine Facility, ethical aspects, management

Abstract

The study establishes that the bioeconomy is an innovative direction in the development of modern economic systems, as it is based on the principles of rational use of natural resources, integration of advanced technologies, and ensuring conditions for sustainable development. It is clarified that the key foundations of the bioeconomy, which facilitate its interaction with other sectors, include increasing resource efficiency, achieving economic sustainability, ensuring ecological balance, and adhering to principles of social justice. The analysis of bioeconomy development strategies revealed that these strategies often encompass numerous objectives without a clear hierarchical structure, which creates challenges for their practical implementation. It was identified that the successful implementation of these strategies requires their adaptation to national policies, alignment with international standards, and the creation of specific action plans with well-defined measures, timelines, and responsible parties. The study evaluates the significance of the bioeconomy in the context of Ukraine's post-war reconstruction. It is demonstrated that this approach can stimulate economic growth, contribute to environmental recovery, and provide social support. Integrating the bioeconomy into recovery processes enables the rational use of natural resources, the implementation of innovations, the creation of new jobs, and the restoration of economic activity in regions that have suffered significant destruction. It is argued that the application of the bioeconomy in reconstruction projects ensures synergy between economic, environmental, and social outcomes. An organizational-economic management model for the bioeconomy, tailored to the specific conditions of Ukraine’s post-war recovery, is proposed. This model involves establishing engineering centers to assess the technical readiness of enterprises, provide consulting services, and coordinate innovative projects. Additionally, the idea of creating regional investment funds to finance innovative initiatives in the field of biotechnology is proposed and substantiated. It is proven that the implementation of this model will promote the rational use of natural resources, reduce environmental risks, and achieve stable economic development.

Downloads

Download data is not yet available.

Author Biographies

Nina Petrukha, Kyiv National University of Construction and Architecture

Ph. D. (Economics), Associate Professor, Docent of the Department of Management in Construction, Kyiv National University of Construction and Architecture, Kyiv

Illia Demydonok, College of international business

PhD student, College of international business, Preshov

Oleksandr Hubanov, College of international business

PhD student, College of international business, Preshov

References

Bilousko, T., & Bilousko, R. (2024). Development of the bioeconomy as a prerequisite for increasing the competitiveness of the national economy in international markets. Herald of Khmelnytskyi National University. Economic Sciences, 328(2), 131-139. https://doi.org/10.31891/2307-5740-2024-328-20

Jander, Wiebke & Wydra, Sven & Wackerbauer, Johann & Grundmann, Philipp & Piotrowski, Stephan. (2020). Monitoring Bioeconomy Transitions with Economic–Environmental and Innovation Indicators: Addressing Data Gaps in the Short Term. Sustainability, 12, 4683. 10.3390/su12114683.

Maksimiv, Yu., Yakubov, V., Pylypiv, N., Hryhoruk, I., Pyatnychuk, I., & Popadynets, N. (2021). Strategic challenges for the sustainable management of the bioeconomy: Preventing conflict between the Central Banks. Sustainable Economic Development, 13(15), article number 8308. doi: 10.3390/su13158308.

Nifatova, O. & Petrychuk, S. (2024). Institutional ensurance of integration of bioeconomics principles into the management practice of domestic enterprises: organizational aspects. Scientific papers of Dmytro Motornyi Tavria state agrotechnological university (Economic sciences), 72-81. 10.32782/2519-884X-2024-51-7.

Rojas-Serrano, Fatima & Garcia-Garcia, Guillermo & Parra-López, Carlos & Sayadi, Samir. (2024). Sustainability, circular economy and bioeconomy: A conceptual review and integration into the notion of sustainable circular bioeconomy. New Medit. 23. 3-22. 10.30682/nm2402a.

Klymenko, K., Petrukha, N., Petrukha, S. (2024). “Green” Marshall Plan For Ukraine: Financial, Economic and Regulatory Context. Scientific Works of the National Research Foundation of Agricultural Sciences, No. 1(106), 20–49. DOI: https://doi.org/10.33763/npndfi2024.01.020.

Oleshko, A. A., Oljshansjka, O. V., Budjakova ,O. Ju., Bebko, S. V. (2022). Development of sustainable bioeconomy: the experience of the European Union and opportunities for Ukraine. Agrosvit, no. 3, 64–69.

Butenko, V.M. (2018) Strategic priorities and institutional support for the development of bioeconomy in Ukraine: monograph. Kyiv.

Petrukha, S. V., Petrukha, N. M. (2023). The agricultural sector of the economy: a vision of the financial context of achieving the Sustainable Development Goals. Accounting and Finance, 4, 143–155. DOI: https://doi.org/10.33146/2307-9878-2023-4(102)-143-155 URL: https://afj.org.ua/pdf/1036-agrarniy-sektor-ekonomiki-ukraini-viziya-finansovogo-kontekstu-dosyagnennya-ciley-stalogorozvitku.pdf

Vostriakova, V. (2024). Perception of bioeconomic transformation by key stakeholders at the micro level. Sustainable Development of Economy, 1(48), 17-28. https://doi.org/10.32782/2308-1988/2024-48-3.

Petrukha, N. (2023). Post-war restoration of the agricultural sector of the economy on the foundations of bioeconomy. Economic analysis, Vol. 33, No. 4, 49–58. DOI: https://doi.org/10.35774/econa2023.04.049 URL: https://www.econa.org.ua/index.php/econa/article/view/5904/6565657303.

Yaremova, M., Tarasovych, L., Kilnitska, O., Buluy, O., & Kravchuk, N. (2024). Global trends in the development of a sustainable bioeconomy for rural growth in Ukraine. Scientific Horizons, 27(3), 117-129. doi: 10.48077/ scihor3.2024.117.

A competitive bioeconomy for a sustainable future (2024). URL: https://www.cbe.europa.eu/system/files/2024-05/CBE%20JU_A%20competitive%20bioeconomy%20for%20a%20sustainable%20future_2024_online.pdf

Calicioglu, Ö., Bogdanski, A. (2021). Linking the bioeconomy to the 2030 sustainable development agenda: Can SDG indicators be used to monitor progress towards a sustainable bioeconomy? New Biotechnol, 61, 40-49.

Faulkner, Jon Paul & Murphy, Enda & Scott, Mark. (2024). Bioeconomy, Planning and Sustainable Development: A Theoretical Framework. Sustainability, 16, 8303. 10.3390/su16198303.

Szarka, N., García Laverde, L., Thrän, D., Kiyko, O., Ilkiv, M., Moravčíková, D., Cudlínová, E., Lapka, M., Hatvani, N., Koós, Á., Luks, A., & Jimenez, I.M. (2023). Stakeholder engagement in the co-design of regional bioeconomy strategies. Sustainability, 15(8), article number 6967. doi: 10.3390/su15086967.

Makedon, V., Mykhaylenko, O., Krasnikov, P. (2023). Management of development and implementation of national and international projects in the field of renewable energy. Entrepreneurship and innovation, (26), 5-13. https://doi.org/10.32782/2415-3583/26.1.

Dietz, T., Jovel, K.R., Deciancio, M., Boldt, C., Börner, J. (2023). Towards effective national and international governance for a sustainable bioeconomy: A global expert perspective. EFB Bioeconomy Journal, 3, 100058.

Bebko, S. V. (2022). Directions of bioeconomy development in the perspective of post-war recovery of Ukraine. Problems of innovation and investment development. Series "Economy and Management". 2022. No. 28. P. 18-28. DOI: 10.33813/2224-1213.28.2022.2

Pajak, K., Omelyanenko, V., Makedon, V., Shevchenko, V., Ovcharenko, I. (2020). Raising the level of financial security of the enterprise based on the basic risks differentiation. Journal of Security and Sustainability Issues, №10(1), 115-130. https://doi.org/10.9770/jssi.2020.10.1(9).

D’amato, D., & Korhonen, J. (2021). Integrating the green economy, circular economy and bioeconomy in a strategic sustainability framework. Ecological Economics, 188, article number 107143. doi: 10.1016/j. ecolecon.2021.107143.

Kuzmenko, M. V., Petrukha, N. M., Shtokhman, Yu. A. (2024). Implementation of innovative financial solutions to improve the efficiency of capital management in agricultural enterprises in Ukraine. Scientific innovations and advanced technologies, No. 8, 373–393. DOI: https://doi.org/10.52058/2786-5274-2024-8(36)-373-393.

Gorokhova, T., Mamatova, L., & Muterko, Kh. (2020). The development of the bioeconomy in Ukraine as an element of the transformational state strategy of sustainable development. Management Theory and Research on the Development of Rural Business and Infrastructure, 42(3), 279-288. doi: 10.15544/mts.2020.27.

Xun Wei, X., Luo, J., Pu, А., Liu, Q., Zhang, l., Wu, S., Long, Y., Leng, Y., Dong, Z., Wan, X. (2022). From Biotechnology to Bioeconomy: A Review of Development Dynamics and Pathways Sustainability 2022, 14(16), 10413. URL: https://www.mdpi.com/2071-1050/14/16/10413