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STRATEGIC DIRECTIONS OF UKRAINIAN ENGINEERING POST-WAR RECOVERY

Journal: University Economic Bulletin (Vol.0, No. 56)

Publication Date:

Authors : ; ;

Page : 5-15

Keywords : recovery; machinery; relocation; global value chains; industrial parks; industrial policy; partnership;

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Abstract

The purpose of the study is to formulate strategic tasks for post-war reconstruction with the identification of perspective types of Ukrainian machinery, based on the pan-European vector of integration and ensuring national interests. Method or methodology for conducting research. The study uses general scientific methods: abstract and logical, induction and deduction, systematic approach; analysis and synthesis, as well as special research methods: statistical comparisons, grouping, sampling (to assess the dynamics of sales of machinery, foreign trade indicators and the number of employees as basic indicators of development trends); structural and functional analysis, expert assessments in developing recommendations for effective support tools for Ukrainian machinery. Presentation of the main material (results of work). The machinery provides an economic multiplier effect for related sectors of the economy, united by a single technological chain. The hostilities led to a 70% loss of Ukrainian exports of machinery products from the level of 2021 (6107.56 million USD in 2021 vs. 4216.9 million USD in 2022). The loss of production capacity is offset by significant imports of machinery products in the amount of 15983.54 million USD in 2022, which confirms the high import dependence of the domestic market for machinery building products. The machinery industries are strategically important for socio-economic development, as they concentrate a significant number of jobs (almost 15% of industrial workers in 2021) with a fairly high level of wages. The field of application of results. Strategic directions of the machinery post-war recovery are an important component of strategic planning and selection of effective industrial policy instruments for the Ukrainian manufacturing recovery and opposition of negative manifestations of military challenges with the realization of opportunities associated with changes in the global geopolitical space. Conclusions according to the article. The preservation of existing and development of new machinery production facilities, as well as the realization of opportunities to occupy market niches in the European and world markets of machinery products vacated by the sanctions against Russian and Belarusian manufacturers, as well as to diversify its own production and become a member of global machinery value chains for the aviation, rocketry, medical, and military industries of the world industry depend on the implementation of industrial policy instruments proven in other countries such as networks of industrial parks, stimulating cluster movement, promoting partnerships with foreign manufacturers), supporting export activities and diversification of production, introducing incentive and compensation mechanisms at the state, regional and local levels; expanding domestic demand for domestic engineering products in the post-war recovery.

Last modified: 2023-09-07 01:43:55