Identifying the Factors and Obstacles to the Reindustrialization of Ukraine’s Economy on the Basis of the Innovation-Technological Modernization

Abstract

The article is aimed at identifying the factors and obstacles to the reindustrialization of Ukraine’s economy on the basis of technological modernization at the current stage of the country’s socio-economic development. It is reasoned that the innovation-technological development of the country’s economy can be managed by means of a quality and efficient State policy, the formation and adjustment of which is carried out taking into account internal and external, manageable and unmanageable factors and conditions. The results of studies by both domestic and foreign scholars examining the causes, conditions, factors and obstacles of the innovation-technological activity in Ukraine are presented. The major conditions and factors of modernization of Ukraine’s economy are identified and generalized by the grouping attributes: resource and market, institutional-legal, organizational, financial-economic, professional, socio-psychological. It is concluded that the policy of ensuring the modernization of the domestic economy should be systemic, balanced and directed to all these spheres; its formation and implementation should take into account the factors of financial-investment, material and technological support, institutional-legal system of functioning and organization of process management, financial-economic incentives and socio-psychological motives of all subjects of the system of scientific, research, innovation and technology activities in a close and mutually beneficial cooperation with the actors of the real sector of the national economy.

Keywords

• reindustrialization of the economy
• innovation-technological modernization
• factors and obstacles