“Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation
Journal of Business and Economic Development
Volume 4, Issue 4, December 2019, Pages: 128-133
Received: Oct. 1, 2019; Accepted: Oct. 21, 2019; Published: Oct. 28, 2019
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Dmytro Dzvinchuk, Institute of Humanities and Public Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine
Victor Petrenko, Institute of Humanities and Public Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine
Mariana Orliv, Institute of Humanities and Public Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine
Andriy Mazak, Institute of Humanities and Public Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine
Iryna Ozminska, Institute of Humanities and Public Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine
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The article analyzes the priorities of “progressive capitalism” by Joseph E. Stiglitz and investigates the main conditions of its formation in Ukraine. The following problems are discussed: the strong influence of narratives of the eastern institutional matrix on the development of national economy and political system; unjustified differentiation of the interests of power, business, science and civil society; neglect of the scientific research and the need for institutional change by public authorities and local self-government bodies; high level of national markets monopolization; a strong link between economic power and political influence; legal nihilism and political apathy of the population. Expediency of implementing additional fifth priority, which foresees the use of innovative models, technologies and instruments for managing the intellect using and intellectualization of the national elite and human resources in general, is justified on the basis of the theoretical frameworks and practical recommendations, which were developed by Ukrainian scientists. Taking into account the results of the formation and development of the Presidential Personnel Reserve “New Elite of the Nation”, the authors have initiated the creation of the Laboratory of Intellectual Development for Empowering Regions (LIDER), which will implement a pilot project for the intellectual resources development in the Western region within the framework of the realization of the Ukrainian-Lithuanian program “Competence Development of Lithuanian and Ukrainian Public Sector Employees Using Design-Thinking Methodology”.
Progressive Capitalism, Intellect, Intellectualization, Elite, Human Resources, Management, Pilot Project
To cite this article
Dmytro Dzvinchuk, Victor Petrenko, Mariana Orliv, Andriy Mazak, Iryna Ozminska, “Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation, Journal of Business and Economic Development. Vol. 4, No. 4, 2019, pp. 128-133. doi: 10.11648/j.jbed.20190404.11
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