Prospects for the Reorientation of Investment Flows for Sustainable Development under the Influence of the COVID-19 Pandemic
Olha Prokopenko
olha.prokopenko@taltech.eeDepartment of Economics, Collegium Mazovia Innovative University, Sokołowska st., 161, Siedlce, 08-110, Poland; Teadmus ltd., Liivamäe st., 4-33, Tallinn, 10132, Estonia (Estonia)
https://orcid.org/0000-0003-1362-478X
Cholpon Toktosunova
Department of Finance and Financial Control named by S. Sulaymanbekov, Kyrgyz economic university named by M. Ryskulbekov, Togolok-Moldo st., 58, Bishkek, 720033, Kyrgyzstan (Kyrgyzstan)
https://orcid.org/0000-0001-6931-7880
Nurmira Sharsheeva
Department of Finance and Financial Control named by S. Sulaymanbekov, Kyrgyz economic university named by M. Ryskulbekov, Togolok-Moldo st., 58, Bishkek, 720033, Kyrgyzstan (Kyrgyzstan)
https://orcid.org/0000-0001-5737-2145
Rita Zablotska
Department of World Economy and International Economic Relations, Institute of International Relations of Taras Shevchenko National University of Kyiv, Yuriy Ilyenko st., 36/1, Kyiv, 04119, Ukraine (Ukraine)
https://orcid.org/0000-0001-7174-8946
Valerii Mazurenko
Department of World Economy and International Economic Relations, Institute of International Relations of Taras Shevchenko National University of Kyiv, Yuriy Ilyenko st., 36/1, Kyiv, 04119, Ukraine (Ukraine)
https://orcid.org/0000-0002-7167-215X
Lina Halaz
Department of Management of Organizations, Lviv Polytechnic National University, Stepana Bandera st., 12, Lviv, 79013, Ukraine (Ukraine)
https://orcid.org/0000-0002-1672-7402
Abstract
The article is devoted to substantiating the expediency of reorienting international investment flows, under the influence of the COVID-19 pandemic, from traditional directions to projects related to social transformation. It is proved that such transformations should be expressed first of all in qualitative changes in education, medicine and employment. Particular attention is paid to the modernization of the paradigm of sustainable development, the components of which should be ranked from social to environmental. The necessity of interpretation of investment strategies implemented in the countries following their common problems is substantiated. Also, attention is paid to the substantiation of the cyclical component, its role in the redistribution of investment flows at the state level. The article proposed cluster investment to solve this problem.
Keywords:
investments, international investments, international investment projects, sustainable development, clustering, cluster investing, economic cyclesReferences
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Authors
Olha Prokopenkoolha.prokopenko@taltech.ee
Department of Economics, Collegium Mazovia Innovative University, Sokołowska st., 161, Siedlce, 08-110, Poland; Teadmus ltd., Liivamäe st., 4-33, Tallinn, 10132, Estonia Estonia
https://orcid.org/0000-0003-1362-478X
Authors
Cholpon ToktosunovaDepartment of Finance and Financial Control named by S. Sulaymanbekov, Kyrgyz economic university named by M. Ryskulbekov, Togolok-Moldo st., 58, Bishkek, 720033, Kyrgyzstan Kyrgyzstan
https://orcid.org/0000-0001-6931-7880
Authors
Nurmira SharsheevaDepartment of Finance and Financial Control named by S. Sulaymanbekov, Kyrgyz economic university named by M. Ryskulbekov, Togolok-Moldo st., 58, Bishkek, 720033, Kyrgyzstan Kyrgyzstan
https://orcid.org/0000-0001-5737-2145
Authors
Rita ZablotskaDepartment of World Economy and International Economic Relations, Institute of International Relations of Taras Shevchenko National University of Kyiv, Yuriy Ilyenko st., 36/1, Kyiv, 04119, Ukraine Ukraine
https://orcid.org/0000-0001-7174-8946
Authors
Valerii MazurenkoDepartment of World Economy and International Economic Relations, Institute of International Relations of Taras Shevchenko National University of Kyiv, Yuriy Ilyenko st., 36/1, Kyiv, 04119, Ukraine Ukraine
https://orcid.org/0000-0002-7167-215X
Authors
Lina HalazDepartment of Management of Organizations, Lviv Polytechnic National University, Stepana Bandera st., 12, Lviv, 79013, Ukraine Ukraine
https://orcid.org/0000-0002-1672-7402
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