Governance and management of post-war recovery and transforming Ukraine’s economy through behavioural economics and meritocratic democracy

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Abstract

This article addresses the issues surrounding the Russian-Ukrainian war and the Ukrainian post-war development, focusing on existing problems and key recovery areas (Herbst et al., 2024). The article aims to describe the primary tools for a comprehensive strategy to govern and manage the post-war development of Ukraine at the country, regional, and corporate levels, adhering to the principles of behavioural economics (Thaler, 2015) and the experiences of post-industrial countries. The study is grounded in retrospective analysis, forecasting, modelling, and expert evaluation. The paper’s conclusions highlight the need for an immediate transition to revolutionary changes in the economic management system, which will form the foundation for transforming the socioeconomic system. Our proposals are grounded in meritocratic democracy, establishing clusters based on economic regions through corporate management principles and diversifying the activities of the largest agricultural holdings. The findings present valuable information for all stakeholders aiming to enhance the management of the country’s socioeconomic system at various levels.

Keywords: Post-War Development, Meritocratic Democracy, Regional Cluster, Regional Economy, Diversification

Authors’ individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

Declaration of conflicting interests: The Author declares that there is no conflict of interest.

JEL Classification: E02, E66, E69, O43, O52

Received: 29.10.2024
Revised: 20.01.2025; 08.03.2025; 07.07.2025
Accepted: 04.08.2025
Published online: 07.08.2025

How to cite this paper: Namiasenko, V. (2025). Governance and management of post-war recovery and transforming Ukraine’s economy through behavioural economics and meritocratic democracy. Journal of Governance & Regulation, 14(3), 117–127. https://doi.org/10.22495/jgrv14i3art11