Industrial policy as a key tool of development strategy

Deineko L.V. (Ed.). (2019). Industrial policy as a key tool of development strategy. National Academy of Sciences of Ukraine, SO “Institute for Economics and Forecasting of the NAS of Ukraine" [in Ukrainian] 

ISBN 978-966-02-8126-4 (electronic edition)

The scientific and analytical paper focuses on the need to implement a balanced industrial policy for the modernization of domestic industry and its development in accordance with the goals of Ukrainian society. Various guidelines for strengthening the institutional capacity of the state during the implementation of industrial policy are proposed, which consist in ensuring institutional coherence, strategic cooperation between the government, business and other groups of society, settling the conflicts and promoting competition.

The situation in key industrial markets is diagnosed and the most vulnerable segments are identified in the context of the critical decline in output, excessive import dependence, and a disconnection between the output of certain goods and domestic demand. The priority directions of structural transformation of industrial development are outlined, taking into account the growing role of the environmental factor and the stimulation of ecological modernization of hazardous industries. A number of tools - institutional, financial, environmental and managerial ones - are proposed for the implementation of the mechanisms of ecological readjustment of economic growth associated with industrial development. A system of measures to manage the development of personnel potential is proposed, which in the conditions of the transformation of industry should be based on the mechanisms of economic self-development, increased importance of education and knowledge management, improved quality of industrial professional education, and shaping a modern innovation ecosystem in industry. Various guidelines for strengthening global ties in the international trade in industrial goods are substantiated, and mechanisms for promoting Ukraine's integration into the global market are proposed, including tools of technical assistance for the spread of domestic industrial engineering services both in Ukraine and abroad are analyzed.