IMPROVEMENT OF THE STRUCTURE OF UKRAINIAN INDUSTRY ON THE PRINCIPLES OF THE SUSTAINABLE DEVELOPMENT

Abstract

Under the current conditions, the domestic industry faces a number of challenges associated with the deepening of the systemic crisis, strengthening the threats to the national security, escalating the competition at the foreign markets. Ensuring of the adequate response to the mentioned challenges updates the necessity for the structural modernization of industry on the basis of the sustainable development, which will promote the formation of the preconditions of the industrial capacity use towards the realization of the strategy of European standards of living implementation in Ukraine and taking Ukraine the leading position in the world. The need for the increased attention to the structuring of the industry of Ukraine on the principles of the sustainable development is actualized by a great number of the external and internal factors, including: the deepening of the integration processes; escalating of the competition at the foreign markets of industrial products; rising of the prices for the energy resources and raw materials; arrangements within the framework of Association Agreement realization between Ukraine and the EU; declining of the volumes of industrial production and industrial capacity because of the war in the East of the country; technologically backward structure of industrial production; volatility rate of industrial dynamics and inter-industry inequality growth; inefficient structure and high energy consumption of industrial production; decline in the quality and reduction of the range of products offered at the domestic market; increasing of the import component in satisfying the domestic demand for industrial products. Intensification of the structural deformations in the industry of Ukraine provides the necessity to develop a strategy of its restructuring on the basis of the sustainable development. The criteria for the industrial sector structuring are the following: ensuring and implementation of the social development goals and increasing of the industrial production efficiency; reducing of the capacity resources and energy efficiency of industrial production; intensification of the economic security of the country; improving of the competitiveness of industrial products; increasing of the technical and technological level of industry; development of the military-industrial sector.