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Ukrainian industry in the world "landscape": trends in the context of long-term development objectives

Journal: Scientific and practical journal “Economy of Industry” (Vol.98, No. 2)

Publication Date:

Authors : ;

Page : 5-24

Keywords : industry; manufacturing industry; long-term development; industrial policy; competitiveness; sustainable and inclusive development; Ukraine; world industry;

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Abstract

The article presents results of a scientific and analytical study of the main trends in the Ukrainian industry, which characterize the features of its functioning and development in the last two decades against the background of similar processes in the world. The main accents are made on the analysis of the compliance of tendencies in Ukraine with the world and European trends of dynamic and structural development of industry. The processes of implementation in the national industry of the SDG-9 sectoral goal as a set of tasks within the framework of the concept of sustainable and inclusive development of manufacturing have also been studied. For comparative analytical studies, information and analytical resources of recognized international institutions were used, which systematically carry out constant monitoring and rating assessments of the current state and development of processes in the world economy on general methodological principles. It has been established that currently the industry of Ukraine is dominated mainly by short-term trends, which are formed and quickly change under the influence of market fluctuations. Starting from 2013, the leading role in accelerating the negative phenomena is played by the foreign policy factor – the military aggression of the Russian Federation. A factor that significantly worsens the current state of competitiveness and the potential for long-term industrial development of Ukraine is the decline of high-tech industries share in the manufacturing industry. This led to a decrease in the pace and relative volumes of value added creation in Ukrainian industry in comparison with global and regional indicators. Based on the data of well-known world ratings (CIP, SDG), the most problematic areas of the national industry were identified in the context of solving priority tasks of long-term development in conditions of accelerating technological transformations. Strategic directions are proposed that should fall into the focus of a long-term state industrial policy – structural development, stable internal demand, balanced exports.

Last modified: 2023-07-09 17:35:19