AKING INTO ACCOUNT FOREIGN EXPERIENCE IN THE RECOVERY OF EUROPEAN ECONOMIES

Abstract

The article discusses the important topic of recovery of European economies after military conflicts, which is particularly relevant in light of the current challenges faced by Ukraine on the path to post-war recovery. The purpose of the study is to analyze the economic recovery strategies of Germany, France, Italy, and Eastern European countries that experienced significant destruction as a result of World War II. This analysis is crucial as it provides insights into the mechanisms that facilitated recovery in these nations, which can be valuable for Ukraine as it navigates its own complex recovery process. The methodology of the research includes a comprehensive discussion of various models of economic policy applied in these countries, as well as mechanisms of international financial support, particularly the impact of the Marshall Plan on economic recovery. This historical context is essential for understanding how targeted financial assistance and strategic policy implementation can lead to successful recovery outcomes. The study also examines the role of government regulation in the recovery process, emphasizing its critical importance in shaping economic resilience and stability. The results highlight the key factors that contributed to the rapid economic recovery of European countries, including the effectiveness of public administration, attracting international investment, supporting small and medium-sized businesses, developing infrastructure, and ensuring social protection. These factors are interconnected and demonstrate that a multifaceted approach is necessary for effective recovery. For instance, strong public administration creates an environment conducive to investment, while robust infrastructure supports business operations and social protection measures ensure that vulnerable populations are not left behind. The practical significance of the research results lies in the need to adapt successful practices of foreign experience to the current conditions of Ukraine, which requires a comprehensive approach to recovery from military operations. This adaptation involves not only learning from past successes but also recognizing the unique challenges that Ukraine faces today. By taking into account lessons from the past, Ukraine can avoid potential mistakes and leverage available opportunities for recovery, thus paving the way for sustainable development and economic stability in the post-conflict landscape. In conclusion, the article emphasizes that the recovery of European economies after military conflicts can serve as a valuable source of knowledge and practices for Ukraine. The insights gained from this comparative analysis are essential for developing a robust recovery strategy that addresses both immediate needs and long-term goals, ultimately contributing to the resilience and prosperity of the nation in the years to come.