FOUNDATIONS OF INDUSTRIAL POLICY IN THE COUNTRIES WITH DIFFERENT LEVELS OF DEVELOPMENT: LESSONS FOR UKRAINE

The industrial policy of three groups of countries – with high, middle and low income – are studied due to their historical development. Socioeconomic and institutional conditions of countries, where the implementation of a certain type of industrial policy had positive or negative results, were determined. The analysis of the Ukrainian industrial performance and industrial policy showed that the policy should be revised according to the relevance of instruments and measures to the challenges of internal and global environment. The priority directions of industrial development are determined and the key principles of industrial policy in Ukraine are justified based on foreign experience. The field of application of results. The results of this research can be applied in the process of industrial regulatory framework formation, in the Concept of state industrial policy and the Strategy of industrial development elaboration by central executive authorities, and in the preparation of relevant sections of programs of regions' socioeconomic and cultural development. Conclusions according to the article. In the study it is determined that these are the protectionism measures and innovation activity stimulation which are the base of the modern industrial policies in the countries with a high level of development; the middle-income countries should prioritize innovation and technology policies; the low-income states including Ukraine should focus on industrial modernization, import substitution, and the integration into global value chains in order to accelerate their socioeconomic development and strengthen the competitiveness over the world markets.