Prospects for the Reorientation of Investment Flows for Sustainable Development under the Influence of the COVID-19 Pandemic

Olha Prokopenko

olha.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

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 cycles

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Published
2021-07-01

Cited by

Prokopenko, O., Toktosunova, C., Sharsheeva, N., Zablotska, R., Mazurenko, V., & Halaz, L. (2021). Prospects for the Reorientation of Investment Flows for Sustainable Development under the Influence of the COVID-19 Pandemic. Problemy Ekorozwoju, 16(2), 7–17. https://doi.org/10.35784/pe.2021.2.01

Authors

Olha Prokopenko 
olha.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 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

Authors

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

Authors

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

Authors

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

Authors

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

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