COVID-19 Pandemic as a Threat to Ukraine’s Socio-Economic System: Materialization Features, Indicators and Consequences

Abstract

The purpose of the paper is operationalization of development processes’ concepts in terms of threats to a government’s socio-economic system on an example of a specific threat that is currently actively materializing itself – COVID -19. The research aims at structuring the process of threat’s development to a government’s socio-economic system. It shows negative changes in Ukraine’s socio-economic system, their indicators and consequences inherent to the last stage of the threat’s development process – the materialization stage. At all stages of any threat’s development process, close attention has to be paid to catalysts and inhibitors – factors whose influence accelerates or inhibits the development of the threat. Regarding the COVID-19 pandemic threat’s materialization, inhibitors can only be the decisions and actions of Ukraine’s government and institutions combined with the dual-use economic model (improving the pandemic situation, mitigating its consequences, on the one hand, preventing the deepening of the economic crisis and bankruptcy of domestic business, on the other). The results of studying the process of a threat’s development lay the methodological principles for development of the Strategy Ensuring Ukraine’s Economic Security. The development of a threat to a government’s socio-economic system from perspective of the process approach has not been systemically explored. The scientific researches of the article’s authors lay the fundamental ground in this direction of economic securitology.