COVID-19's Impact on the Innovation Development of Economies of Ukraine and Poland: Current Status and Prospects

• Main Authors: Zalizko Vasyl D., Nowak Dariusz Wojciech, Kukhta Pavlo V., Mykula Ruslan V.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2020-04-01
• Series: Bìznes Inform
• Subjects: innovative development; global economy; globalization; coronavirus covid-19; ukraine; poland
• Online Access: https://www.business-inform.net/export_pdf/business-inform-2020-4_0-pages-79_87.pdf

The article systematizes the experience in identifying and assessing the impact of epidemics and viruses on the development of national economies. It is proposed, to strengthen the national economy of Ukraine, to mobilize internal potential of light industry for activating the domestic manufacturers of personal protective equipment. The example of Poland and Ukraine showed a negative impact of COVID-19 on the innovative development of their national economies and outlined the prospects for the development of modern technology telecommuting in the most sectors of the national economy and education. As a result of the coronavirus COVID-19 epidemic, a logistical collapse took place, production processes stopped for an indefinite period, the financial and economic crisis was provoked, and the innovative development of national economies was slowed down. The whole world has to mobilize human and financial resources to counter the spread of this disease. Poland and Ukraine have already taken a number of serious steps to minimize the impact of the coronavirus COVID-19 on both economic and social life. According to the authors of the article, minimization of the impact of COVID-19 on the economy of Poland and Ukraine is possible only by introducing modern technologies of telecommuting in most sectors of the national economy and education. Following the scientific thought and joint research of the Poznan University of Economics and the International Innovation Center in the framework of the formation of the «Central European Network of Continuous and Innovative Economy», the new Prime Minister of Ukraine D. Shmygal approved an enhanced plan to combat the spread of the coronavirus COVID-19 in Ukraine, which provides mobilization of the domestic potential of light industry for the activation of domestic manufacturers of personal protective equipment in the framework of implementing the law on economic competition and the protection of the rights of patients in the retail trade with protective equipment.