scholarly journals High-tech manufacturing as a determinant of the economic development

2020 ◽  
Vol 10 (1) ◽  
pp. 101-112
Author(s):  
Svitlana Bondarenko ◽  
Olena Makoveieva ◽  
Viktoriia Niziaieva ◽  
Anna Vorona
Keyword(s):  
Industrial Development ◽  
Poor Country ◽  
Value Added ◽  
Political Stability ◽  
Global Market ◽  
The State ◽  
Oil Refining ◽  
High Tech ◽  
Economic Miracle ◽  
The World

The aim of the article is to study high-tech production as determinants of the country's economy. The article proves that one of the important factors in the development of the Ukrainian economy is highlighting the development of high-tech production as a priority of the state policy, which will provide opportunities for entering new markets with highly competitive products. A historical analysis of economic phenomena in the global aspect, the possibility of applying experience in the economy of Ukraine. For Ukraine, the experience of the economic miracle of South Korea, which also survived the experience of war, may be interesting. Now the country is among the 12 strongest countries in terms of GDP in the world, at 5th place in the world in the export of high-tech products. The country was called an example of successful government intervention in the economy. The experience of the economic miracle of Singapore is also considered. For 50 years, Singapore has turned from a poor country into a world leader in high-tech industries, such as electronics and pharmaceuticals, and has become the largest financial and oil refining center. Singapore’s modernization was ensured by efforts in four key areas: economic reforms, which determined the vector of investment and innovation development, social modernization, an effective fight against corruption and political stability. The government has relied on attracting foreign investors, developing the financial market and high-tech industries. Simple and transparent business registration and regulation procedures have been adopted in Singapore. It is believed that Singapore owes its success to competent public policy. The article considers the possibilities for the transition of the Ukrainian economy to a new level of development. One of the important competitive advantages for Ukraine is a strong and internationally recognized IT industry, human capital. According to statistics, the main industries that fill the country's budget are metallurgy, the agricultural sector, food and IT. You can also add woodworking and chemical industries, whose share in the state budget is also large. In recent years, these industries have begun to use high technology more and more because of the need to compete in the global market with more developed companies. At the same time, there are no programs at the state level for the introduction of high technologies in the real sector of the economy. Now enterprises independently invest in their innovations. It is possible to launch a revolution in industrial production only by introducing advanced production technologies, which are called “breakthrough”, emphasizing their revolutionary influence on the structure of production. Today in Ukraine there is a fragmented approach to innovative development. Therefore, the task for the public administration system should be the allocation of priority areas for industrial development, the development of effective mechanisms for the development of production of high value-added products. High-tech production deserves special attention.

scholarly journals Analysis of the Development of the Industrial Sector in the Context of Global Transformation of Economic Processes

2021 ◽  
Vol 92 ◽  
pp. 07031
Author(s):  
Maria Klevtsova ◽  
Yulia Vertakova ◽  
Yulia Polozhentseva
Keyword(s):  
Statistical Analysis ◽  
Industrial Development ◽  
Value Added ◽  
Industrial Sector ◽  
Modern World ◽  
High Tech ◽  
Current State ◽  
National Wealth ◽  
The World ◽  
Stable Growth

Research background: In the modern world the rate of global transformation of economic processes is constantly increasing, while stimulating the growth of industrial production in the countries of the world. The industrial sector plays an important role in achieving stable growth in national wealth indicators, as well as in ensuring national security. Accelerating the pace of industrial development, especially high-tech, contributes to an increase in employment and the transition to a balanced economic development of the country. Purpose of the article: The main purpose of the publication is to study the current state and structural transformations in industry in the world economy, to analyze the level and dynamics of the main indicators of industrial development. Methods: Using statistical analysis of time series and dynamics indicators, the authors have evaluated the development trends of the industrial sector, based on the methods of scientific knowledge, a comparative analysis of the systematic results of development indices characterizing the functioning of industry around the world. Findings & Value added: A statistical analysis of the development of the industrial sector in the context of globalization allows the authors to determine the exact number of enterprises, the costs of the industry and their income, as well as the contribution made to the development of both region and the country as a whole. In this research the authors have considered the main economic indicators of industrial development in the world. The authors have systematized the main measures aimed at the development of the industrial sector.

scholarly journals Strategic Aspects of Economic and Energy Policy of Ukraine in the Context of Sustainable Development

2021 ◽  
Vol 1 (516) ◽  
pp. 65-76
Author(s):  
O. V. Klymchuk ◽  
◽  
S. V. Kozlovskyi ◽  
R. V. Lavrov ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Energy Saving ◽  
Energy Policy ◽  
Renewable Energy Sources ◽  
The State ◽  
Energy Industry ◽  
Energy Sources ◽  
High Tech ◽  
The World

The article is aimed at developing strategic directions and introducing regulatory measures for the formation of Ukraine’s energy policy on the principles of energy saving and the development of renewable energy industry. On the basis of scientific works, the main organizational-economic vectors of energy industry sector development are systematized, which are associated with the formation of a favorable socio-political climate regarding the priority of using renewable energy sources in the fuel and energy complex; development of effective methods of both the State-based and the market-based regulation by the world community; coordination of the strategy of sustainable development of the world economy. It is determined that the energy saving policy should be based on a flexible combination of the State-based regulation and the market environment for the formation of the most acceptable stimulation mechanisms in the specific economic and political situations, which allows for the greatest economic benefit. It has been found out that the implementation of energy saving processes is impossible without the mass use of renewable energy carriers, which are a universal resource for processing to the right types of energy, are marked by energy independence related to obtaining economic benefits and contribute to the creation of an ecological friendly environment. In the perspective, the energy saving processes, the transition of the national economy to wide implementation in the production of high-tech technologies and the use of renewable energy sources should become the determining factors of Ukraine’s energy strategy.

scholarly journals Comparative Advantages of National Pharmaceutical Industries through the Prism of New Indicators

2020 ◽  
Vol 89 (2-3) ◽  
pp. 48-58
Author(s):  
O. B. Salikhova
Keyword(s):  
Developing Countries ◽  
Pharmaceutical Industry ◽  
Capacity Building ◽  
Value Added ◽  
Global Market ◽  
High Tech ◽  
Medical Products ◽  
Comparative Advantages ◽  
Pharmaceutical Industries ◽  
Production Facilities

Specific ways of the emergence of new actors in the global market of pharmaceutical goods is investigated, with substantiating the role of transnational corporations (TNC), their investment and technologies in establishing pharmaceutical industries in developing countries. The cases of Puerto Rico and Ireland are taken in order to demonstrate the background for expansion of manufacturing of medicines and medical products and analyze the tendencies in their export capacity building. The factors making pharmaceutical TNC transfer production facilities to India and China are substantiated and implications of this process are highlighted. It is revealed that due to the production internationalization, countries that had been net importers of pharmaceuticals just several decades ago have joined the group of key suppliers to external markets. Because American and European TNC are leading in the pharmaceutical industry by R&D expenditure, they are the principal holders of advanced technologies in the industry. It follows that manufacturing of medicines and medical products in most part of countries either directly or indirectly depend on innovative products of TNC and their technology transfer via various channels (both licensing and imports of components, active pharmaceutical ingredients in particular). It is shown that with the emergence of new market actors coming from developing countries, traditional approaches to determining comparative advantages of counties in the global trade need to be improved. The cases of countries that are recipients of foreign technologies, on which territories powerful high tech pharmaceutical production facilities with high shares of intermediate consumption and heavy export supplies are located due to TNC investment or local public-private capital, give evidence that the classical RCA indicator allows to measure visible comparative advantages in the trade in goods rather than revealed ones. It is proposed that analyses of advantages at country level should include the indicator of high tech goods supplies, to provide for a more accurate description of the innovation component in advanced industries. A new approach to the assessment of comparative advantages of high tech pharmaceutical manufacturing is proposed and tested, which is based on the principle of specialization and use of the ratio of Comparative Advantage in Value Added Activity (CAVA) in particular. It is revealed that the pharmaceutical industry of Ireland, Jordan, Singapore, India or Columbia, with reliance on foreign investment and technologies, could gain advantages in value added creation and dominate the national economies. It is shown that Ukraine is enhancing the advantages in value added creation in the pharmaceutical industry; is it substantiated that due to low R&D and innovation performance and heavy dependence on imported components, capacity building of this industry and its current advantages result from global tendencies and global market conjunctures rather than from the implementation of the national science & technology priorities. According to the author’s recommendation, the proposed approach to determining comparative advantages in value added creation should be used for the assessment of other high tech industries, apart from the pharmaceutical industry, and that is should be supplemented by statistical tools for analysis of foreign trade in finished and intermediate high tech goods.

scholarly journals Investment Potential of the Manufacturing Industry

2019 ◽  
Vol 23 (4) ◽  
pp. 24-42
Author(s):  
N. M. Abdikeev ◽  
Yu. S. Bogachev ◽  
S. R. Bekulova
Keyword(s):  
Purchasing Power Parity ◽  
Manufacturing Industry ◽  
Value Added ◽  
Global Market ◽  
High Tech ◽  
Power Parity ◽  
Investment Activity ◽  
Fixed Assets ◽  
High Level ◽  
Advanced Development

The article considers investment in fixed assets of the manufacturing industry as one of the main factors of its development. The manufacturing industry is shown to be the growth driver of national economy for developed and developing countries. The analysis of exports and imports of the first 15 countries in the ranking in terms of gross domestic product calculated at purchasing power parity (GDP at PPP) shows the leading role of the manufacturing industry in the global economy. At the same time, competitiveness in the global market is determined by high-tech products. Therefore, for the sustainable development of the Russian economy, it is necessary to create investment conditions for the advanced development of high-tech segments of the manufacturing industry. However, the current structure of investments in fixed assets contributes to the development of such services sector segments as “Transportation and storage”, “Real estate operations”. In the structure of investments in fixed assets, the largest share belongs to investments in buildings and structures, and intellectual property items account for no more than 10%. It is shown that the lack of investment resources is the main reason for the reduction (by 1.5 times) of the contribution to the value added of the manufacturing industry in Russia, production of machinery and equipment. This leads to an increase in dependence on imports, a fall in the share of products from high-tech sectors. To analyze the development potential of manufacturing industries, the authors introduced an indicator of investment intensity per 100 rubles of shipped industrial products. It was determined that enterprises with a joint Russian and foreign form of ownership lead in terms of investment intensity. At the same time, private enterprises, leading in terms of output, demonstrate weak investment activity. The low investment attractiveness of high-tech manufacturing sectors is shown. The regional structure of the manufacturing industry was analyzed. There is a high level of regional concentration of the manufacturing industry in Russia. At the same time, the authors show its relatively weak significance in the structure of the gross regional product in the majority of the constituent entities of the Russian Federation. It has been proposed to develop a program at the federal level for the advanced development of production in the high-tech and medium-technology high-level sectors for 10–15 years. It is proposed to create a supradepartmental executive authority to manage this program.

scholarly journals STRATEGIES FOR RETENTION GLOBAL LEADERSHIP OF SMALL HIGH-TECH COMPANIES IN NARROWLY FOCUSED MARKETS

2018 ◽  
Vol 4 (2) ◽  
pp. 115-126
Author(s):  
F. A. Kurakov
Keyword(s):  
Russian Federation ◽  
Food Packaging ◽  
Raw Materials ◽  
Global Market ◽  
High Tech ◽  
Strategic Objectives ◽  
World Markets ◽  
The World ◽  
The Russian Federation ◽  
The Right

In the absence of the development of exports of high-tech industries, the implementation of strategic tasks for the accelerated growth of the economy set by the Decree of the President of the Russian Federation “On national goals and strategic objectives of the development of the Russian Federation until 2024” of May 7, 2018 No. 240 is unlikely. According to most researchers, the main potentially possible commodity items in non-raw materials exports, which are in demand in the world markets, are the products of engineering, pharmaceutical industry, apparatus and devices used in medicine. Therefore, the right to participate in foreign economic activity is delegated, first of all, to large domestic companies. However, today Russia is a country with a large assortment of production of simple products, which requires building a systematic approach in the formation of both economic policy in general and export in particular in the direction of developing of non-resource industries that produce high-tech products. The analysis of the strategies for retaining the leading positions in narrow niche segments in the global market, analysis of the competitive and diversifying strategy of the German company Poly-clip System, which is the world’s leading producer of clipping systems and the world leader in the food packaging segment was performed.

scholarly journals ASSESSING THE IMPACT OF ECONOMIC GROWTH ON INEQUALITY IN INDIA

2020 ◽  
pp. 5-8
Author(s):  
Furqan Ali ◽  
Mohammad Asif
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Capita Income ◽  
Political Stability ◽  
The State ◽  
Per Capita Income ◽  
Short Period ◽  
The World ◽  
Per Capita ◽  
The Impact

The rate of economic growth in India fluctuates with the world economic scenario. The developed countries being economically stable and highly advanced by technology, like U.S.A, France, Germany, Japan, and China faced the problem of economic crises. At the same time, the world comes to fluctuate their efficiency and empowerment to the leadership engagement in stabilizing the economy. In this paper, data taken from the Indian States as per capita income at the state level and compare it with all India average data. The Net State Domestic Product Per Capita Income (NSDPPCI), had taken on a current price for the short period 2011-2012 to 2016-2017. This paper compared the regional variation in state performance and compared the most riches states to inferior ones. The factors which affect economic performance are like stabilize the political stability in the state. We also focus comparison on the different political party announcements of the welfare scheme for the farmers and other poor people living in these states. Another factor like the level of education at states and center level, total population, and its growth rate, the public expenditure on the health sector. We measure income inequality, income distribution with the economic growth of India. KEYWORDS: Economic Growth; Inequality; Income Distribution; Political Stability.

scholarly journals National industrial competence and global added value chains: methodological instrumentarium of macroeconomic analysis

2021 ◽  
pp. 40-52
Author(s):  
Sergey A. Tolkachev ◽  
◽  
Artyom Y. Teplyakov ◽  
Keyword(s):  
Industrial Development ◽  
Manufacturing Industry ◽  
Global Value Chains ◽  
Added Value ◽  
Value Chains ◽  
High Tech ◽  
Macroeconomic Analysis ◽  
The World ◽  
Manufacturing Activity ◽  
Production Value

In the context of the developing global economic crisis, it is important to have an adequate methodological toolkit for the global positioning of the manufacturing industry in different countries of the world in the production value chains. In this work, the authors made an attempt to further develop their own concept that solves this problem. A methodology for calculating indices reflecting the dynamics of national industrial competence “in the context” of the integration of the country’s manufacturing industries into global value chains is presented. The calculations and conclusions are based on the OECD TiVA statistical database (2018). The tendencies of industrial development of thirty economies of the world, including the Russian one, were identified, taking into account their “embedding” in global value chains. So, if the manufacturing industry of Russia, participating in the international division of labor, manages to maintain an average level of general national industrial competence, then its strategic positions associated with the development of high-tech industries can be qualified as “outsider”. The author’s methodology seems promising in terms of assessing the global economic positioning of countries and formulating recommendations for national regulators of manufacturing activity.

scholarly journals FOREIGN TRADE IN SERVICES IN THE CONTEXT OF POSTINDUSTRIAL DEVELOPMENT OF UKRAINE

2018 ◽  
Vol 2018 (9) ◽  
pp. 26-36
Author(s):  
Tetyana MELNYK ◽  
Keyword(s):  
Higher Education ◽  
Health Care ◽  
Foreign Trade ◽  
Higher Education Institutions ◽  
The State ◽  
High Tech ◽  
Trade In Services ◽  
The World ◽  
Science Intensity

The tendencies of development of Ukraine’s foreign trade in services in the period of transition to postindustrial society are researched. The share of exports of Ukraine’s services in 2017 amounted to 0.2% of the world exports and 0.1% of the world imports. The foreign trade in technologically capacious services is analyzed by criterion of science intensity, according to which the Eurostat allocates 4 groups of high-tech services: the highest level of science intensity, science-intensive market services, science-intensive financial services and other science-intensive services. In foreign trade, the share of high-tech services is 42%; the share of exports is 26%. Thus, Ukraine is a net exporter on the world market of high-tech services and has over US$ 1.6 billion positive balance. Educational services, which belong to the fourth group of science-intensive services, are characterized by competitive advantages. Ukraine has a high coefficient of the population coverage with higher education. The final consumer spending of households for education in 2016 amounted to 1.3% of total expenditures in actual prices. Despite the fact that the price policy of Ukrainian higher education institutions is quite loyal, the number of students who go abroad to study increases every year. According to the CEDOS Center, the number of Ukrainian students studying in foreign universities amounted to 72 thousand in 2016-2017 academic year. According to the State Migration Service data, in 2016, 13,621 people left abroad and only 1,958 people returned. Moreover, highly qualified specialists are leaving, which negatively affects the quality of education. Ukrainian higher education institutions rank in the second half of the list of the international rankings of universities, with 5.6 out of 289. A study of the level of total per capita expenditures for health care at purchasing power parity showed that in Ukraine this level is 1.8 times lower than the world one, and 2-3.1 times lower comparing with countries of the post-Soviet space. The state and population health care expenditures increase (in 2017, they amounted to 0.02% of GDP), but are not accompanied by an increase in quality of services. No more than 6% of Ukrainians apply for personal health insurance programs. Therefore, it is necessary to develop regulatory and legal standards in the sphere of services, harmonized with international standards.

scholarly journals Analysis of the military-economic potential of some countries of the world

2019 ◽  
Vol 9 (3) ◽  
Author(s):  
Mykola Tkach ◽  
Ivan Tkach
Keyword(s):  
Social Activity ◽  
The State ◽  
Evolutionary Development ◽  
High Tech ◽  
Economic Potential ◽  
National Interests ◽  
Military Equipment ◽  
The World ◽  
The Military ◽  
The Relationship

The article is interesting for specialists, both in economic and defense spheres. In the context of increasing tension in relations between the states, of the world there is an increase in their defense budgets and the increase in the number of new weapons and military equipment systems and their evolutionary development. Such a reaction of states is logical, since it is the build-up of military capabilities that will ensure the protection of national interests.  At the same time, the basis for the development of military might is the economy, which provides the opportunity to manufacture and procure weapons. It is the degree of economic development of the state that allows it to move scientific and technological progress and realize its results in all spheres of social activity, including the production of high-tech weapons. The article shows the relationship between such concepts as economic potential and military potential of the state, namely the impossibility of developing a military potential without the development of economic potential. Having carried out mathematical calculations on the basis of selected indicators of potentials, the military-economic potentials of some advanced states of the world, as well as some developing countries, were discovered. possibility of development of military potential without development of economic potential are shown. Such a comparative analysis allowed to partly assess the balance of power in the world and draw conclusions about understanding of the processes of interaction between states.

scholarly journals Current state and prospects of innovative industry development of Ukraine

2020 ◽  
pp. 38-43
Author(s):  
Mohammed Younus Hasan Alghadhywi
Keyword(s):  
Industrial Production ◽  
Industrial Development ◽  
Environmentally Friendly ◽  
Inclusive Development ◽  
High Tech ◽  
Innovative Development ◽  
Processing Industry ◽  
Industry Development ◽  
The World ◽  
Innovation Processes

Purpose. The purpose of the study is to analyse the development trends of Ukrainian industry and identify ways to solve existing problems based on the intensification of innovation processes. Methodology of research. During the research methods generally accepted in economic science were applied, in particular: statistical and graphic – for definition of Ukrainian industry development tendencies; comparative analysis – to compare the Ukrainian industry and the world; system generalization – in substantiating the directions of industry innovative development intensification. Findings. The current trends in the development of industrial production in Ukraine, which are characterized by falling production volumes and negative changes in the structure of the industry, are revealed. The reduction of industrial production is revealed, which occurs mainly due to the curtailment of the processing industry enterprises activity. Negative changes in the structure of the industry are revealed, among which the increase in the share of low-tech productions with a significant decrease in medium-tech and moderate –high-tech ones are highlighted. Based on the correlation between industrial production indicators and GDP dynamics, it is proved that industry forms the foundation of the country`s social and economic development. It was found that the Ukrainian economy lags far behind the development of the world`s leading countries in terms of its material, resource, and energy intensity. The article proves that the issue of industrial development based on the intensification of innovation processes in Ukraine needs radical changes in reforming the management mechanisms of innovation processes and relations between science, society, business, and government to intensify investment activities support the technological development of industry, the introduction of environmentally friendly production. Originality. The analysis of the state of Ukraine`s industry and substantiation of the need for its innovative development was further developed, in the context of which measures were proposed to intensify innovation processes, which, in addition to existing ones, provide for the formation of a managing mechanism for innovative industrial development; coordination of industrial sector development policy with the goals of sustainable and inclusive development; introduction of environmentally friendly industrial production; expansion of cross-border economic and environmental cooperation; development of the strategy of development of the industry of Ukraine taking into account the European experience. Practical value. The results of the study are the basis for solving practical problems of improving the situation and the transition to innovative industrial development in Ukraine. Key words: industry of Ukraine, processing industry, structure of industrial production, industry innovative development.

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