What type of economy does the Ukraine have?

Ukraine has a mixed economic system in which there is a limited private freedom, combined with centralized economic planning and government regulation.

What countries have a knowledge economy?

KEI and KI indexes by country

What are the four pillars of the knowledge based economy?

The Knowledge Assessment Methodology based on the four pillars: education, innovation, information and communication technologies, and a conducive economic and institutional environment, which asserts that sustained investments on these pillars, will lead to sustained economic growth.

What happens in a knowledge economy?

The knowledge economy is a system of consumption and production that is based on intellectual capital. In particular, it refers to the ability to capitalize on scientific discoveries and basic and applied research. This has come to represent a large component of all economic activity in most developed countries.

How is the economy of Ukraine doing now?

Ukraine’s economic recovery in 2021 is expected to be mild, given the high uncertainty associated with the vaccine rollout and the direction of economic policies to address investment bottlenecks and to safeguard macroeconomic sustainability. Ukraine has experienced acute political, security, and economic challenges during the past seven years.

What is the purpose of the Knowledge Economy Index?

Knowledge Economic Index The Knowledge Economy Index (KEI) takes into account whether the environment is conducive for knowledge to be used effectively for economic development. It is an aggregate index that represents the overall level of development of a country or region towards the Knowledge Economy.

When did the Great Recession happen in Ukraine?

The economy of Ukraine is an emerging free market economy. It grew rapidly from 2000 until 2008 when the Great Recession began worldwide and reached Ukraine as the 2008-2009 Ukrainian financial crisis .

How is the Ki used in the knowledge economy?

Knowledge Index. Methodologically, the KI is the simple average of the normalized performance scores of a country or region on the key variables in three Knowledge Economy pillars – education and human resources, the innovation system and information and communication technology (ICT).