Previous economic reforms are estimated in Ukraine as halved that did not enable to get results which answer its potential. A world economic crisis which was imposed on errors in state administration the Ukrainian economy stipulated an urgent requirements in the lead through of extreme economic reform which can carry shock non-popular character.

Key words:
Default, dollar, economic reform, economy growing, export, economy, importchange productions, liquidity, structural changes, transparency of financial market, shock therapy.

In this paper we investigate some changes in the Italian economy over the last two decades. Stylized facts show a marked decrease in the unemployment rate starting from the end of the Nineties, and, at the same time, a significant increase in the firms’ market power. Moreover, notwithstanding the decreasing unemployment rate, the real wage has grown less than labor productivity. The institutional reforms of the Italian labor market have mostly influenced recent performance of the Italian economy since they are able to conciliate the increase in mark-up, the decrease in the unemployment rate and the difference in the growth rate between labor productivity and real wage. Using a simple macroeconomic model, we show that the observed decrease in both unemployment and real wage can be explained by the fact that labor market reforms have been proportionally more incisive than the increase in the firms’ market power.

Key words:
Labor market flexibility, firms’ market power, unemployment, wages.

In this paper, we have investigated whether Consumer Price Index (CPI), its seven basic components (Housing, Food, Clothing, Furniture, Health, Transportation, Culture) and Wholesale Price Index (WPI) inflations have converged during the period from 1988:01 to 2007:10. We have found that all series have been converged in respect of the results obtained from the ADF and PP unit root tests. KPSS test results also do not reject the null hypothesis of stationary except for CPI-Housing and Clothing-Housing.

The pre-feasibility study is carried out of the effects the 2008-2009 global financial and economic crisis produced on the economic and social development of Ukraine, Russia, Poland, and Czech Republic. In particular, the effects of financial and economic volatility produced through trade channels are studied. The challenging areas of economic structures are detected in the analyzed countries. Specific attention is focused on the study of Ukrainian foreign trade imbalance, on the reasons of its origin, and consequences for the social and economic development of the country. The recommendations are developed on the mechanisms for equilibrating the Ukrainian foreign trade balance.

Key words:
Transformation countries, global financial and economic crisis, trade mechanisms, foreign trade imbalance, economic openness, financial shocks, public welfare, social standards, and devaluation of national currency.

In the given article all possible risks and negative consequences of the Ukrainian economy development beginning with the free trade zone formation are examined in the context of international labor migration. The tendencies of international migration of labor force in Ukraine and abroad are analyzed. The importance of migration laws improvement is grounded. Ways to regulate labor migration are suggested.

Key words:
International migration of labor resources, free trade zone, migration flows, labor force, employment, unemployment, labor market, remuneration of labor, migration laws.

This paper investigates the impact of EU antidumping measures on the targeted country and non-targeted country. A three-country model is employed to examine the trade destruction, trade diversion, trade deflection and trade depression effects associated with the EU antidumping measures imposed on China and the US during the 1995–2005 period. The findings suggest that EU antidumping measures against China destroy Chinese exports to the EU and lead to an increase of Chinese exports to the US (trade deflection). Further, EU antidumping measures on US exports divert Chinese exports in the same products to the EU and lead to a reduction of Chinese exports in the same products to the US (trade depression).

Key words:
Trade destruction, Trade diversion, Trade deflection, Trade depression.

In the article the questions of evolution of theory and practice of management are examined concerning nature of role of man in an economy. The basic stages of development of strategic management are analysed in the context of changes of organizational culture. The questions of mutual impact of management and economic theory in directions of modern of scientific thought are also revealed.

Budget expenditures aimed at poverty solving of Ukrainians are investigated. Budget’s role in solving poverty problem is explored; ways of budget expenditures improvement connected with most vulnerable and poor groups of society are demonstrated.

Key words:
Poverty, budget expenditures, social protection, public services, citizens’ transfers.