scholarly journals Foundations of industrial policy in the countries with different levels of development: lessons for Ukraine

2019 ◽  
pp. 99-110
Author(s):  
Liudmyla Deineko ◽  
Olena Tsyplitska
Keyword(s):  
Economic Development ◽  
Policy Implementation ◽  
Industrial Policy ◽  
Low Income ◽  
Industrial Development ◽  
Innovation Activity ◽  
Industrial Policies ◽  
The World ◽  
Starting Conditions ◽  
Different Levels

Relevance of the research topic is due to the need of developed and developing states of the world in renaissance and improvement of industrial policy as a key instrument of economic development strategy in a globalizing world. Formulation of the problem. The efficiency of industrial policy in countries with different level of development depends on the fact how principles the policy is based on take into consideration the starting national conditions and requirements and trends of global market. For the countries with the same levels of income it is possible to determine the common directions of industrial development strategies and efficient tools of industrial policy. Under similar starting conditions differences in approaches to industrial policy may also determine the differences in results of its implementation; under different starting conditions they can entail the smoothing out of economic performance and a rapid convergence of economies.Analysis of recent research and publications. Some issues on industrial policy implementation in the countries of the world were investigated by both domestic and foreign scholars: A. I. Amosha, A. Andreoni, K. Warwick, V. P. Vyshnevsky, V. M. Heyets, G. Cresti, J. Lin., V. I. Liashenko, A. Noman, I. Nubler, K. Ohno, H. alazar-Xirinachs, E. Starikov, J. Stiglitz, V. Treichel, K. Shwab. Selection of unexplored parts of the general problem. In spite of the multiple attempts to generalize the approaches and instruments of industrial policy for groups of countries the search of optimal design of industrial policy is still going on, what makes the adoption of important industrial development regulations complicated and is the reason of bitter discussions between the branches of authorities in the course of formation of Strategy of Ukrainian industrial complex development, legislative regulation of «industrial visa-free» and export duties on some types of feedstock. Setting the task, the purpose of the study. The purpose of the study is generalization of the experience of industrial policies in countries with different levels of economic development and justification of the need to use it in setting the basic principles of domestic industrial policies. Method or methodology for conducting research. In the research we used general and specific scientific methods of analysis, synthesis, induction and deduction, historical, comparison, dialectical method of knowledge; also methods of statistical analysis, monographic research for countries’ experience, expert assessment method for elaboration the recommendations on industrial policy implementation in transformation economies. Presentation of the main material (results of work). 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.

The Contribution and Prospect of 5G Technology to China's Economic Development

2020 ◽  
Vol 3 (3) ◽  
Author(s):  
Jiawen Fu
Keyword(s):  
Economic Development ◽  
Information And Communication Technology ◽  
Communication Technology ◽  
Social Life ◽  
Industrial Development ◽  
Key Technology ◽  
World Power ◽  
The World ◽  
The Status ◽  
Information And Communication

Since the birth of 5G, it has attracted much attention from all countries in the world. The development of 5G industry is particularly important for domestic economic development. 4G changes life, 5G changes society. 5G will not only accelerate the speed of people surfing the Internet, but also bring revolutionary changes to all aspects of social life, making people's lives, work and entertainment more convenient and diverse. The economic impact of the development of the 5G industry on China cannot be underestimated. Nowadays, information and communication technology has increasingly become a new driving force for economic development. 5G technology has already become a key technology pursuit for countries to compete for the status of world power, and it has also become an indispensable part of contemporary economic and social development. We should give full play to the government's guiding role, and work with network giants to build a new platform for cooperation, promote coordinated industrial development, achieve win-win results, and promote economic and social prosperity and development.

ANALYSIS OF THE PROBLEMS OF EXISTING MECHANISMS TO STIMULATE FINANCING OF «GREEN» PROJECTS

2020 ◽  
Vol 5 (10) ◽  
pp. 64-68
Author(s):  
A. M. SAMIDOV ◽  
Keyword(s):  
Economic Development ◽  
Statistical Data ◽  
The World ◽  
Socio Economic Development ◽  
Different Levels

The article analyzes the problems of existing mechanisms to stimulate financing of «green» projects. Statistical data on financing of «green» projects in the world and in Russia presented. Criteria and standards for financing «green projects», financing problems in regions with different levels of socio-economic development, and so on are considered.

scholarly journals The Effect of Globalization on Economic Development Indicators: An Inter-Regional Approach

2020 ◽  
Vol 12 (5) ◽  
pp. 1942 ◽  
Author(s):  
Pedro Antonio Martín Cervantes ◽  
Nuria Rueda López ◽  
Salvador Cruz Rambaud
Keyword(s):  
Economic Development ◽  
World Bank ◽  
Low Income ◽  
Public Expenditure ◽  
Low Income Countries ◽  
Development Indicators ◽  
The World Bank ◽  
The World ◽  
Economic Institute ◽  
Double Character

Background: The analysis of the problems derived from globalization has become one of the most densely studied topics at the beginning of this millennium, as they can have a crucial impact on present and future sustainable development. This paper analyzes the differential patterns of globalization in four worldwide areas predefined by The World Bank (namely, High-, Upper-Middle-, Lower-Middle-, and Low-Income countries). The main objective of this work is to estimate the effect of globalization on some economic development indicators (specifically per capita income and public expenditure on health) in 217 countries over the period 2000–2016. Methods: Our empirical approach is based on the implementation of a novel econometric methodology: The so-called Toda–Yamamoto procedure, which has been used to analyze the possible causal relationships between the involved variables. We employ World Development Indicators, provided by The World Bank, and the KOF Globalization Index, elaborated by the KOF Swiss Economic Institute. Results: The results show that there is a causal relationship in the sense of Granger between globalization and public expenditure on health, except in High-Income countries. This can be interpreted both negatively and positively, confirming the double character of globalization, as indicated by Stiglitz.

Formation of the consumer economy in Russia

10.12737/2200 ◽  
2014 ◽  
Vol 3 (4) ◽  
pp. 167-174
Author(s):  
Аракелова ◽  
Irina Arakelova
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Manufacturing Industry ◽  
Russian Regions ◽  
Consumer Market ◽  
Final Consumption ◽  
Social And Economic Development ◽  
The World ◽  
Consumer Economy ◽  
Different Levels

The paper presents the analysis of the situation on the Russian consumer market. Tendencies and prospects of the domestic manufacturing industry as a source of forma-tion and development of a consumer economy in Russia are considered. In the article the author provides a comparative analysis of final consumption in Russia and other countries of the world and comes to the following conclusions. In Russia, there is a potential for the formation of consumer economy. But different levels of social and economic development of Russian regions are restriction for the formation of a consumer economy in it.

scholarly journals TRENDS IN THE ECONOMIC DEVELOPMENT OF THE PROCESSES OF CONSUMPTION OF PLATINUM GROUP METALS

2021 ◽  
pp. 101-106
Author(s):  
SERGEY ALEXSANDROVICH MYASOEDOV ◽  
Keyword(s):  
Economic Development ◽  
Industrial Policy ◽  
Russian Federation ◽  
State Policy ◽  
Platinum Group Metals ◽  
High Tech ◽  
National Interests ◽  
The World ◽  
The Russian Federation ◽  
Platinum Group

The paper substantiates and groups the main directions of consumption in the world of platinum group metals; identifies and summarizes the main instruments of state industrial policy in the field of subsoil use. In the course of the study, it was revealed that the Russian Federation does not fully use the tools to protect national interests in the system of extraction and processing of platinum group metals. The main guideline of state policy should be the creation of vertically integrated organizations in this area and the formation of high-tech facilities and industries that ensure the full consumption of extracted platinoids by the industry of the Russian Federation.

scholarly journals The Economics of Climate – Resilient Development – A Book Review

2018 ◽  
Vol 4 (2) ◽  
pp. 29
Author(s):  
Mohamad Buheji
Keyword(s):  
Climate Change ◽  
Economic Development ◽  
Economic Crisis ◽  
Low Income ◽  
Business Models ◽  
Low Income Countries ◽  
Economic Shocks ◽  
Main Challenge ◽  
The World

The “Economics of Climate-Resilient Development” present a comprehensive mitigation plan to avoid future socio-economic crisis. The authors foresight that unless strategies are adapt effectively and efficiently today by the different communities and specially in the developing low income countries, the world would be vulnerable to economic shocks that never been experienced before.The book can be considered unique since it linked the economic development with the techniques of adaptation. It coincides with work the reviewer published about resilience economy where approaches for enhancing people and communities are explained in order to reach the minimum expected adaptability and flexibility. Buheji (2018a, 2018b).However, the work of Fankhauser and McDermott (2016) greatly focus on climate change, as the main challenge of economic development. The work would be greater if the editors ensure more inclusion and details on the nature of human being journeys.The issue of poverty covered in the book is a good example of foresighted socio-economic risk that needs to be mitigated to avoid deterioration due to many conditions that mostly would be uncontrollable due external unforeseen factors. In an earlier work, these factors were seen the cause for more complexity of the business models, which required proactive resilient practices, Buheji (2017).

scholarly journals The New Empirics of Industrial Policy

2021 ◽  
Author(s):  
Nathaniel Lane
Keyword(s):  
Research Design ◽  
Industrial Policy ◽  
Policy Evaluation ◽  
Empirical Work ◽  
Empirical Literature ◽  
Industrial Policies ◽  
The World ◽  
The Impact

Nations have and will continue to shape their economies through industrial policy. Nevertheless, the empirical literature on these interventions is thin, dwarfed by the attention industrial policies receive from policymakers across the world. In this paper, I discuss the difficulties of empirically studying industrial policy and review how new econometric work is confronting these issues. Through careful research design and attention to institutional detail, I argue that emergent studies are rapidly expanding what we know—and updating what we thought we knew—about these policies. As well, I argue tools from policy evaluation allow us to study the impact of endogenous industrial interventions. This review is a proposal to take industrial policy, along with their complexities, more seriously as objects of inquiry. Doing so requires not only more serious evaluations of past policy but also a reevaluation of past empirical work and consensus.

scholarly journals FORMATION OF CLUSTERS IN THE AGRARIAN SPHERE OF THE NATIONAL ECONOMY IN THE CONDITIONS OF GLOBALIZATION

2018 ◽  
pp. 30-35
Author(s):  
Serhiy Nadvynychnyy
Keyword(s):  
Economic Development ◽  
Policy Implementation ◽  
National Economy ◽  
Cluster Model ◽  
Synergetic Effect ◽  
Cluster Policy ◽  
Agrarian Sector ◽  
State Participation ◽  
Cluster A ◽  
Different Levels

The article substantiates the essential content of the agrarian cluster. A number of advantages, which are obtained by economic entities in the agrarian sector from the synergetic effect of clusterization in the economic development and productivity of the regions, are distinguished. Based on international experience, the specific features of the cluster are defined. Four typical variants of cluster policy implementation are formed at different levels of state participation. They can be applied in Ukraine depending on the specifics of the regions. The cluster model of agrarian sphere development is proposed.

scholarly journals REALIZATION OF SUSTAINABLE DEVELOPMENT AIMS FOR INDUSTRY AND INNOVATIONS ON GLOCALIZATION PRINCIPLES

2018 ◽  
Vol 20 (4(69)) ◽  
pp. 7-22
Author(s):  
B.V. BURKINSKYI ◽  
O.I. LAIKO ◽  
M.I. LOSYEV
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Industrial Production ◽  
Industrial Development ◽  
Institutional Development ◽  
The State ◽  
Innovation Activity ◽  
Important Place ◽  
Technological Processes ◽  
Future Economic Development

Topicality. Creating of sustainable infrastructure and promoting of inclusive and sustainable industrialization and innovations is one of the aims of sustainable development of the state, approved by the United Nations, that implemented by the Government of Ukraine as a basis for future economic development policy. In the process of studying of the state's sustainable development, setting aims and finding ways of realization important place takes the research of industrial development and innovations, that takes into account the national specificity of the state's institutional development and the existing socio-economic situation on the principles of glocalization. This will take into account the interests of local communities, involve them in cross-border and international economic relations and will enable them to take part in globalized markets on the basis of local preferences and features.Aim and tasks. The aim of the article is to formulate the conceptual foundations and work out scientifically grounded application tools that are used as a methodological approach to study the existing level of industry and innovation development and to find ways to improve it using billateral joint of local resources and abbilities with preferences and conditions of global markets.Research results. The authors developed a complex of indicators for assessing the level of compliance of national industry, innovations and infrastructure with modern requirements for improving of the economic efficiency and "ecologization" of the economy through resource conservation and reuse of resources on the basis of glocalization. Data from the State Statistics Service of Ukraine, the Ministry of Economic Development and Trade of Ukraine, data from international rating agencies were the basis for the information provision of monitoring of the state of industry, innovations and infrastructure. According to the revealed tendencies, measures are proposed to regulate the development of industrial production, innovations and infrastructure on the principles of glocalization, the introduction of the postulates of the "green" and circular economics, in particular - economic and organizational stimulation of non-waste production through the application of tax holidays, priority in the competition for funding from the State Fund for Regional Development such projects that include non-waste treatment of garbage, complex industrial recycling of secondary or non- raw material without waste generation, as well as on the basis of the introduction of innovative domestic technologies.Conclusion. The revealed patterns of ecologization of domestic industrial production in Ukraine on the basis of glocalization point to the low capacity of industrial non-waste recycling of garbage and the insignificant level of use of circular technologies in the production process, that confirms the fact of uncertainty of terms and prospects of the realization of the idea of decoupling and the introduction of industrial activities on the basis of environmental and the achievement of zero waste level. The implementation of innovations using low-waste, resource-saving technological processes remains at an average-low level and in a year does not exceed 30-35% from the total number of implemented innovative technological processes, while the share of innovation activity and expenses for scientific developments in the total GDP volume is constantly shrinking. The level of penetration of a comfortable and well-developed infrastructure in the areas of infocommunications, in addition to Internet services, and road networks remains rather low and determines the prospects for further growth.

scholarly journals Study of the Current State of the Economic Potential of Industrial Enterprises of Ukraine

2021 ◽  
pp. 92-98
Author(s):  
T. Gitis ◽  
◽  
A. Bornikov ◽  
S. Duplyakina ◽  
S. Moroz ◽  
...  
Keyword(s):  
Economic Development ◽  
Industrial Development ◽  
State Level ◽  
Financial Resources ◽  
Innovation Activity ◽  
Economic Potential ◽  
Significant Deterioration ◽  
Industrial Enterprises ◽  
Current State ◽  
Production Facilities

Industrial enterprises in modern conditions of economic activity are the primary link of the economy. This determines the priority of industrial development in the context of ensuring sustainable economic growth in Ukraine. Currently, the Ukrainian industry is in a state of crisis, the emergence of which is largely due to the global economic crisis, the military confrontation in the East of the country and the loss of control over part of the territory of Donbass, the COVID -19 pandemic. The presence of these factors hindering economic development is due to the external environment for the Ukrainian industry, to which, for objective reasons, it is only possible to adapt. In the current situation, it is advisable to pay attention to the possibility of realizing the internal economic potential of industrial enterprises. The article examines the current state of the economic potential of the Ukrainian industry in terms of such basic components as: material resources (basic production facilities), human resources and financial resources (in the context of ensuring the introduction of innovations). According to the results of the analysis, it was found that the condition of the main production facilities of most industrial enterprises is unsatisfactory due to their significant deterioration. At the same time, the reduction in the volume of capital investments in tangible assets, which has been observed in recent years, hinders the processes of technical re-equipment and modernization of domestic industrial production. In addition, industrial enterprises in Ukraine have been losing their labor potential for a long time, which is a very negative trend from the point of view of ensuring economic development, since it carries the threat of a significant shortage of qualified labor in the future. Most domestic industrial enterprises lack their own financial resources to introduce innovations, which determines their low innovation activity and limits the possibilities of ensuring economic development. In order to summarize the results of the study, the value of the integral index of the economic potential of industry in 2011-2020 was determined, which confirmed the revealed trend regarding the reduction of the economic potential of Ukrainian industrial enterprises. Overcoming this problem requires the implementation of measures aimed at ensuring the economic development of Ukraine's industry at the state level.

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