INCLUSIVE DEVELOPMENT OF THE NATIONAL ECONOMY UNDER GLOOBAL VUCA WORLD CONDITIONS
Abstract
The article examines the problem of growing contradiction between the need to ensure inclusive national economic development and the increasing instability of the global economic environment characterized by volatility, uncertainty, complexity, and ambiguity. The purpose of the study is to analyze the mechanisms and strategic approaches that enable national economies to achieve inclusive development within the context of the VUCA world. The scientific novelty of the study lies in the integration of the VUCA concept with inclusive economic development theory. The practical significance of the study is determined by its applicability for economic policy design and strategic governance at the national level. The results provide a methodological basis for improving decision-making processes under uncertainty conditions, enabling the national economy sustainable growth and inclusive socio-economic development promotion.
References
Gupta, J., Pouw, N. R. M., & Ros-Tonen, M. A. F. (2015). Towards an elaborated theory of inclusive development. European Journal of Development Research, 27(4), 541–559. https://doi.org/10.1057/ejdr.2015.30.
Anand, Rahul & Mishra, Saurabh & Peiris, Shanaka. (2013). Inclusive Growth: Measurement and Determinants. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2282970.
Saher, L., Tambovceva, T., & Miśkiewicz, R. (2021). Research progress and knowledge structure of inclusive growth: A bibliometric analysis. Virtual Economics, 4(4). https://doi.org/10.34021/ve.2021.04.04(1).
Skrylnik, A., Skrylnyk, O., Kulakova, S., & Byba, V. (2018). Inclusive economic growth in Ukraine: The social aspect. International Journal of Engineering & Technology, 7(4), 608–612. https://doi.org/10.14419/ijet.v7i4.8.27315.
Bennett, N., & Lemoine, G. J. (2014/2015). What a difference a word makes: Understanding threats to performance in a VUCA world. Business Horizons, 57(3), 311–317. https://doi.org/10.1016/j.bushor.2014.01.001.
Sarkar, A. (2016). We live in a VUCA world: The importance of responsible leadership. Development and Learning in Organizations, 30(3), 9–12. https://doi.org/10.1108/DLO-07-2015-0062.
Mack, O., et al. (2015). Managing in a VUCA world. Springer. https://doi.org/10.1007/978-3-319-16889-0.
Minciu, M., et al. (2025). Challenges of the VUCA world and sustainability. Sustainability, 17(14), 6600. https://doi.org/10.3390/su17146600.
Minciu, M., et al. (2025). Adaptive strategies in a VUCA environment. Technological and Economic Development of Economy. https://doi.org/10.3846/tede.2024.22058.
Baker, S. R., Bloom, N., & Davis, S. J. (2016). Measuring economic policy uncertainty. The Quarterly Journal of Economics, 131(4), 1593–1636. https://doi.org/10.1093/qje/qjw024.
Shoag, D., & Veuger, S. (2016). Uncertainty and the geography of the Great Recession. Journal of Monetary Economics, 84, 84–93. https://doi.org/10.1016/j.jmoneco.2016.11.002
Fortin, I., Hlouskova, J., & Sögner, L. (2023). Financial and economic uncertainties and their effects on the economy. Empirical Economics, 64, 481–521. https://doi.org/10.1007/s10663-023-09570-3.
Herrera, M. (2016). Innovation for impact: Business innovation for inclusive growth. Journal of Business Research, 69(5), 1725–1730. https://doi.org/10.1016/j.jbusres.2015.10.045.
Schoneveld, G. (2020). Sustainable business models for inclusive growth: Towards a conceptual foundation of inclusive business. Journal of Cleaner Production, 277, 124062. https://doi.org/10.1016/j.jclepro.2020.124062.
Chaikin, O., Usiuk, T. (2019) The Imperatives of Inclusive Economic Growth Theory. Scientific Horizons, no 22(11), pp. 3–12. https://doi.org/10.33249/2663-2144-2019-84-11-3-12.
Chaikin O. (2024). Sustainable industry and innovations as the national economy inclusive development drivers. International Scientific Journal "Internauka". Series: "Economic Sciences", no 12. https://doi.org/10.25313/2520-2294-2024-12-10578.
Gupta J., Pouw N. R. M., Ros-Tonen M. A. F. Towards an elaborated theory of inclusive development. European Journal of Development Research. 2015. Vol. 27, No. 4. P. 541–559. DOI: https://doi.org/10.1057/ejdr.2015.30.
Anand R., Mishra S., Peiris S. Inclusive Growth: Measurement and Determinants. SSRN Electronic Journal. 2013. DOI: https://doi.org/10.2139/ssrn.2282970.
Saher L., Tambovceva T., Miśkiewicz R. Research progress and knowledge structure of inclusive growth: A bibliometric analysis. Virtual Economics. 2021. Vol. 4, No. 4. DOI: https://doi.org/10.34021/ve.2021.04.04(1).
Skrylnik A., Skrylnyk O., Kulakova S., Byba V. Inclusive economic growth in Ukraine: The social aspect. International Journal of Engineering & Technology. 2018. Vol. 7, No. 4. P. 608–612. DOI: https://doi.org/10.14419/ijet.v7i4.8.27315.
Bennett N., Lemoine G. J. What a difference a word makes: Understanding threats to performance in a VUCA world. Business Horizons. 2014. Vol. 57, No. 3. P. 311–317. DOI: https://doi.org/10.1016/j.bushor.2014.01.001.
Sarkar A. We live in a VUCA world: The importance of responsible leadership. Development and Learning in Organizations. 2016. Vol. 30, No. 3. P. 9–12. DOI: https://doi.org/10.1108/DLO-07-2015-0062.
Mack O., Khare A., Krämer A., Burgartz T. Managing in a VUCA world. Cham: Springer, 2015. DOI: https://doi.org/10.1007/978-3-319-16889-0.
Minciu M., et al. Challenges of the VUCA world and sustainability. Sustainability. 2025. Vol. 17, No. 14. Art. 6600. DOI: https://doi.org/10.3390/su17146600.
Minciu M., et al. Adaptive strategies in a VUCA environment. Technological and Economic Development of Economy. 2025. DOI: https://doi.org/10.3846/tede.2024.22058.
Baker S. R., Bloom N., Davis S. J. Measuring economic policy uncertainty. The Quarterly Journal of Economics. 2016. Vol. 131, No. 4. P. 1593–1636. DOI: https://doi.org/10.1093/qje/qjw024.
Shoag D., Veuger S. Uncertainty and the geography of the Great Recession. Journal of Monetary Economics. 2016. Vol. 84. P. 84–93. DOI: https://doi.org/10.1016/j.jmoneco.2016.11.002.
Fortin I., Hlouskova J., Sögner L. Financial and economic uncertainties and their effects on the economy. Empirical Economics. 2023. Vol. 64. P. 481–521. DOI: https://doi.org/10.1007/s10663-023-09570-3.
Herrera M. Innovation for impact: Business innovation for inclusive growth. Journal of Business Research. 2016. Vol. 69, No. 5. P. 1725–1730. DOI: https://doi.org/10.1016/j.jbusres.2015.10.045.
Schoneveld G. Sustainable business models for inclusive growth: Towards a conceptual foundation of inclusive business. Journal of Cleaner Production. 2020. Vol. 277. Art. 124062. DOI: https://doi.org/10.1016/j.jclepro.2020.124062.
Chaikin O., Usiuk T. The imperatives of inclusive economic growth theory. Scientific Horizons. 2019. Vol. 22, No. 11. P. 3–12. DOI: https://doi.org/10.33249/2663-2144-2019-84-11-3-12.
Chaikin O. Sustainable industry and innovations as the national economy inclusive development drivers. International Scientific Journal “Internauka”. Series: Economic Sciences. 2024. No. 12. DOI: https://doi.org/10.25313/2520-2294-2024-12-10578.
Copyright (c) 2026 Олександр Чайкін
This work is licensed under a Creative Commons Attribution 4.0 International License.
