A Methodological Approach to Assessing Development of Industry and its Individual Activities in a Country

Abstract

The article is dedicated to the problems of assessing and analyzing various aspects of competitiveness of industry and its development. It is proved that the toolkit for assessing development of industry and its individual activities requires further improvement in terms of ensuring the possibility of determining through its application the ways to overcome negative consequences of structural deformations in the industrial complex of an economy, taking into account the current trends in innovation and technological development of the world’s leading countries. An analysis of the existing approaches to assessing development of industry (its competitiveness) in general and individual branches (activities) in particular, proposed by international institutions, scientists and practitioners, is carried out. It is shown that in assessment of development of industry and its individual branches, there used aggregated private indicators, which do not allow taking into account the specifics of branches, their significance in industry, technological level, or determine structural changes and their impact on the country’s socio-economic development. In order to eliminate these shortcomings, and based on the existing experience of specialists in this field, an improved model for assessment and a methodological approach to assessing the development of industry and its individual activities in the country are proposed.

Keywords

• industry
• activities
• competitiveness
• development
• assessment
• methodological approach
• producibility