scholarly journals Development of innovation and investment potential of the industrial sector

2019 ◽  
pp. 5-11
Author(s):  
Iryna Anatoliivna Markina ◽  
Serhii Mykolaiovych MARCHYSHYNETS
Keyword(s):  
Economic Development ◽  
Manufacturing Sector ◽  
System Development ◽  
Complex Form ◽  
Decisive Role ◽  
Industrial Sector ◽  
Point Of View ◽  
Investment Policy ◽  
Stage Of Development ◽  
The Impact

Introduction. The main catalyst for effective transformations in the industrial sector of the economy is innovation and investment policy, which aims to increase the potential, namely the capacity of the manufacturing sector of the Ukrainian economy. The innovation and investment potential closely reflect the objectively existing possibility of socio-economic development of the human system. The purpose of the article is to clarify the basic principles and approaches that reflect the innovation and investment potential and the essence of innovation and investment development. Results. The state ideology in the field of innovation and investment policy is considered. A generalization of the concept of “development” of the philosophical point of view is presented. The decisive role of development in understanding the essence of everything is proved. The vector of development in terms of its regressive or progressive manifestation is considered. It is determined that the stages of development are the stages of system change, which include: appearance, upward stage of development, maximal development or maturity, regressive changes or downward stage, disintegration and death. The tendency of differentiation in socio-economic systems is determined. The essence of “becoming” as a stage in the system development is considered. The essence of the system's maturity is revealed. External and internal sources of system development are considered. On the basis of the theoretical generalization, the key properties of the concept of “development” are given: it acts as a form of constant movement forward from simple to complex form; the degree of development is determined by the influence of external and internal factors; the way of development of the system is determined by its basic motives, the degree of recognition by the system of objectively existing reality; development is possible if it’s provided by the quantitative parameters of the end goal; the form of its implementation is cyclical or spiral; analysis of development must be carried out in two directions of research: in the material and spiritual worlds. The definition of “innovation” is given. The essence of scientific and technological progress as a basis of economic development is considered and the vision of leading scientists-economists on this phenomenon is presented. Quantitative estimates of the impact of innovative GDP growth are provided. The quantitative contribution of various factors of economic growth of a market economy is given. Key words: management, enterprise, potential, innovations, investments, innovation and investment develop-ment.

scholarly journals Protectionism and free trade correlation at the turn of the centuries

2018 ◽  
Keyword(s):  
Foreign Trade ◽  
Free Trade ◽  
Manufacturing Sector ◽  
Developed Countries ◽  
Industrial Sector ◽  
State Regulation ◽  
Point Of View ◽  
Theory And Practice ◽  
Stage Of Development ◽  
Consensus Pattern

The article studies the theory and practice of using the most important categories of state regulation of foreign trade – protectionism and free trade. That rational regulation in foreign trade policy can lead to the development of nation economies. The study considers historical aspects of the relevance of protectionism and free trade for different countries and their correlation under the influence of technological progress; underlines the urgency of the protectionism at the present stage of development of the world economy. Such a topicality of protectionism is caused by new phenomena in geopolitics and geo-economics that occurred at the turn of the century. The authors agree with the point of view that has been voiced in the past (by Friedrich Liszt), that free trade is an effective policy for developed countries. For those who do not have a highly developed industrial sector, elements of protectionism to protect the domestic economy remain extremely relevant. The policy that is imposed on the underdeveloped countries by the "Washington Consensus" pattern condemns the latter to a permanent lag. The ideas of protectionism remain topical for post-Soviet countries, where deindustrialization occurred during the quarter of a century, the share of the manufacturing sector in the structure of the national economy dropped sharply, and economic growth rates fell.

scholarly journals The Role of Power Generation and Industrial Consumption Uncertainty in De-industrialising Pakistan

2013 ◽  
Vol 52 (4I) ◽  
pp. 517-536
Author(s):  
Bushra Yasmin ◽  
Wajeeha Qamar
Keyword(s):  
Manufacturing Sector ◽  
Developed Countries ◽  
Industrial Sector ◽  
Economic Changes ◽  
Services Sector ◽  
Stage Of Development ◽  
Long Run ◽  
Natural Outcome ◽  
Secular Decline ◽  
The Impact

The term deindustrialisation refers to the process of socio-economic changes taking place due to reduction in the industrial capacity and/or the loss of industrial potential of an economy. This also connotes the secular decline in the share of industrial sector employment as observed in developed countries since 1970s. The secular shift from manufacturing to services sector reflects the impact of discrepancy in productivity growth between the said sectors. A faster rise in productivity in manufacturing sector than in services switches the employment from manufacturing to the services sector, as suggested by Rowthorn and Ramaswamy (1997). Generally, deindustrialisation is considered as the natural outcome of economic development because it involves the transformation from primitive agriculture-based economy to the modern industrial-based. After the establishment of manufacturing sector, the long-run economic growth stimulates an innovation-based economy implying the services sector’s growth [Galor (2005)]. However, the process requires a gradual shift accompanied by allied institutional and infrastructural reforms and the process of deindustrialisation occurs at the later stage of development.

Is the USSR dead? Experience from the financial and economic crisis of 2008–2009

2013 ◽  
Vol 46 (1) ◽  
pp. 109-122 ◽  
Author(s):  
Mikhail Golovnin ◽  
Alexander Libman ◽  
Daria Ushkalova ◽  
Alexandra Yakusheva
Keyword(s):  
Economic Development ◽  
Soviet Union ◽  
Economic Crisis ◽  
Former Soviet Union ◽  
Point Of View ◽  
The Impact ◽  
Former Soviet Republics ◽  
Economic Linkages

The paper examines the economic linkages between the post-Soviet states from the point of view of the financial and economic crisis of 2008–2009. It aims to find out whether the interdependence between the countries of the former Soviet Union is still large enough that crises in individual countries affect the economic development in the neighboring states, and assesses the impact of the crisis itself on the linkages between the former Soviet republics. The evidence is mixed: while some channels of interdependence deteriorated over the last decade, others became more important, and some were even strengthened by the crisis itself.

scholarly journals Globalized Inclination to Acquire Knowledge and Skills Toward Economic Development

2021 ◽  
Vol 18 ◽  
pp. 1349-1369
Author(s):  
Grigorios L. Kyriakopoulos
Keyword(s):  
Economic Development ◽  
Economic Recession ◽  
Point Of View ◽  
Economic Systems ◽  
Skills Acquisition ◽  
Highly Qualified ◽  
Cultural Characteristics ◽  
Knowledge And Skills ◽  
E Learning ◽  
The Impact

In an era of economic recession and the divulged threats of COVID-19 pandemic in the world a highly impacting socio-economic activity is the education sector. The operational difficulties of companies and organizations, as well as the closure of universities, schools, training courses, are all affecting the entrepreneurial and the learning progress on using workers time and learners facilities to develop their knowledge and to build up their skills. In particular, free time of institutions’ closure can become a golden opportunity for learning and progresses in virtual education while adopting e-learning modes of information technology (IT) and supporting the distribution of knowledge and information for training and education. Since the COVID-19 pandemic outbreak only few studies have been devoted on studying the impact of cultural characteristics, economic situations, skills and knowledge on the development and the wider human wellbeing. At this study the literature production of economic development was investigated in the light of the ignored, but critically important, issue of globalized inclination to acquire knowledge and skills. All essential aspects of economic systems and economic development within the COVID-19 era were approached, quantified, and graphically valuated, in the light of the following fields of literature search: “dynamic economic systems”, “economic development”, “knowledge skills”, and “globalization”. The measurable indicators of comparing these results were that of: chronological, geographical, languages of reports’ written, subject areas, and keywords, accordingly. Besides, the three domains of technology, environment – ecology, and socio-economics were conveyed, while the key-determinants of knowledge and skills acquisition were also analyzed. From a managerial point of view the simultaneous affection of cultural characteristics, economic simulations, skills and knowledge aspects were considered as positive and significant, thus, supporting managers to better understand the necessities of IT development and managing a highly qualified workforce to shift the thread of the COVID-19 era while performing feasible learning management to solidify workers’ education through formal and in-house education.

scholarly journals Modeling the impact assessment of agricultural sector on economic development as a basis for the country’s investment potential

2019 ◽  
Vol 16 (3) ◽  
pp. 229-240
Author(s):  
Alina Bukhtiarova ◽  
Arsen Hayriyan ◽  
Victor Chentsov ◽  
Sergii Sokol
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Agricultural Sector ◽  
Negative Impact ◽  
Manufacturing Sector ◽  
Value Added ◽  
The Cost ◽  
The Impact

In the context of countries integration into the world economic space, agricultural sector is one of the priorities and strategically important sectors of the national economy. Development of instruments aimed to increase investment potential of this sector is therefore an important component of the country’s economy growth. The article proposes a science-based model of the impact of the agricultural sector on the economic development level of countries trying to move towards European integration.It was found that the employment rate (+58.4) has the largest influence on the rate of GDP change in the studied group of countries (Ukraine, Moldova, Georgia, Armenia). The impact of the gross value added of the manufacturing sector on its economic growth is positive (+44.6). The negative foreign direct investment ratio in the model (–40.3) may be due to the fact that the indicator in the studied countries is still largely influenced by the intervention of the state mechanism, significant uncertainty and risk, which is a deterrent to the overall economic development. An important result of the study was that foreign direct investment had a negative impact on economic growth in developing countries. Further development of the investment potential of a country’s agricultural sector provides for a radical acceleration of scientific and technological progress and, on this basis, a reduction in the cost of a unit of agricultural products and food and an increase in their competitiveness in the domestic and world markets.

scholarly journals ANALISIS DAMPAK SEKTOR INDUSTRI MANUFAKTUR, KEMISKINAN DAN BELANJA PEMERINTAH BIDANG LINGKUNGAN TERHADAP KUALITAS AIR DI INDONESIA

2020 ◽  
Vol 4 (2) ◽  
Author(s):  
Azanul Akbar Lubis
Keyword(s):  
Economic Growth ◽  
Water Quality ◽  
Negative Impact ◽  
Manufacturing Sector ◽  
Government Expenditure ◽  
Well Being ◽  
Industrial Sector ◽  
Regional Budget ◽  
The Impact ◽  
Positive Effect

Manufacturing sector is one of the sectors that contribute to economic growth in Indonesia. Results of these contributions is the changing structure of the Indonesian economy from agriculture to the industrial sector. And poverty in Indonesia which is one indicator of well‐being in an area tend to be in 2000 to 2010 has a pattern that tends to decline, although not very significant. Of 2 (two) variables, namely the Manufacturing Sector and Poverty, the author tries to determine the impact of variables on water quality in Indonesia, by adding variable Expenditures Environmental Affairs as variables that also impact the water quality in Indonesia. Manufacturing Sector GDP, the number of poor, Regional Budget (APBD) Environmental Field, each is used as a proxy for the manufacturing sector, poverty and Environment Sector Government expenditure. The data is compiled based on 28 provinces in Indonesia in 2009, 2010 and 2011. The results obtained showed that the industrial sector and poverty have a negative impact on water quality while Government Expenditure Environment Sector positive effect on water quality in Indonesia.

scholarly journals Features of sustainable economic development in the Central Asian countries

2021 ◽  
Vol 296 ◽  
pp. 06001
Author(s):  
Natalia Brovko ◽  
Malik Borbugulov
Keyword(s):  
Economic Development ◽  
Regional Integration ◽  
Crop Production ◽  
Renewable Energy Sources ◽  
Wind Farms ◽  
Energy Sources ◽  
Present Stage ◽  
Stage Of Development ◽  
Green Development ◽  
The Impact

In this study there is an attempt to consider not only the consequences of climatic and technogenic changes in the Kyrgyz Republic, but also to develop some directions for solving these problems, taking into account the natural, economic and geopolitical capabilities of this country at the present stage. Within the framework of the study the issues of the impact of climate change associated with the reduction of fresh water, agricultural and crop production, as well as the problems of further use of traditional energy sources have been studied. These aspects are deeply covered as the Sustainable Development Goals under the auspices of the UN. According to the author, it is vitally important for the countries of the post-Soviet area to simultaneously find independent and nationally oriented directions and approaches to solve these problems, but without fail using the developments of the institutional base, the experience of the world community, as well as the advantages of regional integration. The main results consist in the development of a green development model related to the use of renewable energy sources at the present stage of development. The field of application of the results obtained is determined by the possibilities of including the main indicators of green development in strategic plans for socio-economic development and increasing the competitiveness of the national economy. The approach proposed by the authors allows, as a replenishment of lost energy sources in connection with climate warming and a decrease in water resources: proposals for the development of alternative sources of energy supply, the creation of solar and wind farms is proposed.

scholarly journals THE ROLE OF BUSINESS PROCESSES OF THE ENTERPRISE IN THE FORMATION INVESTMENT ATTRACTIVENESS OF THE REGION

2020 ◽  
pp. 285-289
Author(s):  
О. Pavlenko ◽  
I. Maksymenko ◽  
M. Grebenyuk
Keyword(s):  
Economic Development ◽  
Business Process ◽  
Business Processes ◽  
Production Capacity ◽  
Investment Policy ◽  
Matrix Approach ◽  
Economic Agglomeration ◽  
Main Components ◽  
The Impact

The article analyzes the role of business processes in the formation of investment attractiveness of regions based on the assessment of economic development of the territory. The business process of the enterprise is in fact any activity that takes place in the enterprise and has an "input product", adds to it a certain value or element, which in turn forms the output product for the final consumer. The article identifies the impact of business processes of the enterprise on the formation of economic attractiveness of the region. The structure of interaction between enterprises and investment policy in the middle of the above - mentioned economic zones is studied. An important element of the impact on regional development is the conditions of economic agglomeration, costs and benefits of agglomeration processes considered in the article, which in turn are formed in the conditions of regional infrastructure. Proved the relevance and adaptability of the matrix approach based on the comparison of individual indicators for conducting comprehensive research both at the enterprise level (business processes) and at the regional level (investment attractiveness). The main components of business processes of the enterprise in the article it is offered to consider management of labor resources, management of stocks and material resources, production capacity of the enterprise, and also information and technological resources. The main components of the region's investment attractiveness are investment potential, investment policy and investment climate. The study proposes to determine their interaction with each other and calculate the overall investment attractiveness based on the comparison of these components. In particular, the use of a matrix approach, in which it is possible to analyze both the general trend and specific indicators.This allows for further analysis and research, in particular the role of business processes in shaping the investment attractiveness of the region on the basis of various groups of indicators that simultaneously characterize both economic development of the region and business efficiency based on business process improvement.

scholarly journals TYPOLOGIZATION OF THE EFFECTS FROM THE INTRODUCTION AND USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES AND THEIR CHARACTERISTICS

2021 ◽  
Vol 7 (3) ◽  
pp. 88-96
Author(s):  
Tetiana Hushtan ◽  
Svitlana Danylo
Keyword(s):  
Economic Development ◽  
Information And Communication Technologies ◽  
Environmental Effects ◽  
Comparative Method ◽  
Communication Technologies ◽  
Economic Consequences ◽  
Systematic Research ◽  
Stage Of Development ◽  
Information And Communication ◽  
The Impact

The subject of the study is to consider the impact of information and communication technologies (ICT) on the country’s economic development that requires providing the systematic research of objective prerequisites for increasing ecological and economic efficiency of the introduction and use of ICT. The economic justification for the implementation of ICT taking into account the economic consequences of its impact on the environment is impossible without studying, systematizing economic and environmental effects from the use of ICT. Scientific studies of the economic problems of the implementation of ICT, in our opinion, should be deepened on the basis of the need to take into account the positive and negative economic consequences of their impact on the environment and therefore require further research in this direction. The purpose of the paper is to determine the impact of information and communication technologies on the country’s ecological and economic development and to systematize the economic, social and environmental effects from the introduction and use of ICT. The dialectical method of scientific knowledge, method of analysis and synthesis, comparative method, method of data generalization are used in the paper. The paper outlines and describes the main directions of influence of information and communication technologies (ICT) on economic development of industry, on development of agriculture, on the sphere of transport and communication. The classification of the effects from the introduction and use of ICT is given, namely: by the life cycle of the product – the effects that arise at the stage of development, production, realization, consumption and disposal of the product; by recipients of influence – the effects that arise in enterprises, government bodies, which use ICT, households, which are consumers of ICT goods and services, and in the environment; by the form of manifestation – direct and indirect effects. ICT provide extensive opportunities for learning, promote the participation of citizens in public life, etc., but at the same time they can increase the unevenness of the economic development of the regions of the country due to the difference in access to ICT. The development of ICT provides a reduction in the material component of production and consumption, helping to reduce the resource intensity and ecological sustainability of economic processes, and improve the environmental situation.

scholarly journals INNOVATIVE TRANSFORMATION OF AGRICULTURAL ENTERPRISES IN CONDITIONS OF UNCERTAINTY

2021 ◽  
Vol 6 (2) ◽  
pp. 17-22
Author(s):  
Yuliia Shevchenko
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Food Industry ◽  
Industrial Sector ◽  
Share Price ◽  
Industrial Complex ◽  
Rational Use ◽  
Market Capitalization ◽  
Agricultural Enterprises ◽  
The Impact

The purpose of the paper is an in-depth study of the innovative transformation of agricultural enterprises in the conditions of unpredictability, the need to spread and introduce new technologies that help reduce the effects of any crisis. Methodology. The rationale for choosing the agricultural sector corporation survey is based on the use of market capitalization and share price statistics over the past ten years, which clearly demonstrate the stable, moderate economic development of the corporate system. The study of innovative projects allows to demonstrate the state of the innovation sector within corporations of agriculture and food industry. The results of the paper are to emphasize the importance of maintaining the technologically advanced sector of agriculture, which will reduce the financial, fixed and variable costs of the enterprise. Cooperation between corporations, research institutes and non-profit organizations in the field of innovation will be able to improve the economic development of the host countries and start a new stage in the functioning of TNCs in the field of agro-industrial complex. Although TNCs in the food industry have a low market capitalization compared to the technological sector of the economy, they are the basis of one of the components of sustainable development, namely the environmental component. Limited resources encourage their rational use and careful treatment. Practical implications. Demonstration of successfully implemented innovation projects in the future will stimulate the management staff of any enterprise, regardless of ownership, to the rational use of own resources and sustainable development. The market capitalization of TNCs in the agro-industrial sector proves that obtaining permanent profits can reduce the impact of economic, environmental and social crises. Crisis waves and peaks will be smoothed out. Value/originality. Solving the problem of overcoming the consequences of unpredictability through innovative projects emphasizes the importance of a deeper and more thorough study of vivid and real examples of the introduction of innovative products by well-known transnational corporations. The agro-industrial sector depends on the available technologies, as the preservation of natural resources, public health and food safety are the main areas of existence of this sector of the economy.

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