Проводимо набір статей до публікації у науковому фаховому журналі
"Зовнішня торгівля: економіка, фінанси, право" з економічних та юридичних наук 

FREE FULL TEXT (PDF)  

UDC 330.341.4:330.322(100)   DOI: https://doi.org/10.31617/zt.knute.2019(103)04
Khodjaian Alina, 
E-mail: Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
ORCID: 0000-0002-3015-1016
  Doctor of Economics, Professor, Professor at the Department of International
Economic Relations, Kyiv National University of Trade and Economics
19, Kyoto str., Kyiv, 02156, Ukraine
     
Khodjaian Alla,
E-mail: Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
ORCID: 0000-0002-0940-2220
  Postgraduate Student at the Department of Modernization of Economic Management Mechanisms of the State Research Institute of Informatization and Economics Modeling,
38, Druzhby Narodiv Blvd., Kyiv, 01014, Ukraine

WORLD PRACTICE OF STRUCTURAL AND SECTORAL TRANSFORMATIONS 

Background. Throughout the history of economic thought, structural changes were considered a key catalyst for economic growth and development. The world practice as well has accumulated a considerable empirical evidence of structural transformations in national economies. Despite the different specifics of structural reforms implementation, the common feature of successful experience in this field is the active participation of government in transformation processes. After all, only market forces themselves cannot always direct the processes of structural shifts in an effective way. This determines the topicality of revealing the most effective structural policies applied to provide outstripping economic development.
Analysis of recent research and publications. A number of Ukrainian scientists studied the international experience of structural changes in various economies. While paying tribute to their work, it should be noted that experience of providing structural shifts in the new industrialized countries of Eastern and Southeast Asia, Latin America and a number of other countries still lacks proper attention. This particular experience may be more relevant to Ukraine in the context of achieved development level and available resources for structural policy implementation.
The aim of article is to summarize and substantiate the most effective world practices and approaches to formation and implementation of policies to ensure structural and sectoral transformations in national economy.
Results. The international experience of forming and implementing economic policy aimed at optimizing the structure of national economies is revealed. The main directions of government economic regulation, which proved to have most considerable impact in achieving the goals of outstripping development through structural and sectoral shifts, are determined. The process of structural policy transformation in the countries throughout the world according to development level of productive forces is researched.
Conclusion. According to the results of empirical analysis, the most effective areas of government support in structural reforms implementation are following: a) financial support of structural shifts through state development banks and venture funds; b) establishment of state enterprises in strategic industries, demand boost for promising products through public procurements; c) promoting innovation activity of enterprises through subsidizing R&D, launching state research programs, opening technological parks and business incubators to attract knowledge intensive FDI; d) active development of market infrastructure, competitive environment and education system.
 
Keywords: structural policy, directions of structural policy of foreign countries, mechanisms of state policy of structural transformation.

REFERENCES

  1. Mazaraki, A. A., Melʹnyk T. M., Yukhymenko, V. V. [et al.] (2014). Stratehiya postkryzovoho rozvytku zovnishnʹoekonomichnoho sektora Ukrayiny [Strategy of post-crisis development of the foreign economic sector of Ukraine]. A. A. Mazaraki (Ed.). Kyiv: Kyiv. nats. torh.-ekon. un-t [in Ukrainian].
  2. Bytsyura, Yu. V. (2016). Strukturni zrushennya v ekonomitsi yevropeysʹkykh krayin [Structural changes in the economy of European countries]. Zovnishnya torhivlya: ekonomika, finansy, pravo, 3, 59-72 [in Ukrainian].
  3. Honta, S. V. (2015). Strukturni transformatsiyi v post·sotsialistychnykh krayinakh skhidnoyi Yevropy: dosvid dlya Ukrayiny [Structural Transformations in Post-Socialist Countries in Eastern Europe: Experience for Ukraine]. Naukovyy visnyk Uzhhorodsʹkoho universytetu. Is. 1 (3), 38-42 [in Ukrainian].
  4. Manzhura, O. V. (2017). Zarubizhnyy dosvid strukturno-investytsiynoho rozvytku ekonomiky: perspektyvy dlya Ukrayiny [Foreign experience of structural and investment development of the economy: prospects for Ukraine]. Investytsiyi: praktyka ta dosvid, 5, 5-9 [in Ukrainian].
  5. Shynkaruk, L. V. (2015). Vzayemozv’yazok strukturnykh transformatsiy ta ekonomichnoho zrostannya Ukrayiny [Interconnection of Structural Transformations and Economic Growth of Ukraine]. Mezhdunarodnyy nauchnyy zhurnal «Ékonomycheskye nauky», 9, 180-185 [in Ukrainian].
  6. Economic Development in Africa Report (2014). Catalyzing Investment for Transformative Growth in Africa. UN Conference on Trade and Development. New York and Geneva: UNCTAD [in English].
  7. Thrasher, R. D., & Gallagher, K. P. (2015). Defending development sovereignty: the case for industrial policy and financial regulation in the trading regime. Rethinking Development Strategies after the Financial Crisis. Vol. 1: Making the Case for Policy Space. New York and Geneva: UNCTAD, 93-105 [in English].
  8. Ferraz, J. C., Kupfer, D., & Marques, F. S. (2014). Industrial policy as an effective developmental tool: Lessons from Brazil. Transforming Economies: Making Industrial Policy Work for Growth, Jobs and Development. Geneva: International Labor Organization, 291-305 [in English].
  9. Sanderson, H., & Forsythe, M. (2013). China’s Superbank: Debt, Oil and Influence: How China Development Bank Is Rewriting the Rules of Finance. New York: Bloomberg Press [in English].
  10. Nightingale, P., & Coad, A. (2014). Muppets and gazelles: political and methodological biases in entrepreneurship research. Industrial and Corporate Change. Vol. 23 (1), 113-143 [in English].
  11. Intarakumnerd, P. (2015). Best Policy Practices in Small and Medium-Sized Enterprise Innovation and Technology Transfers for ASEAN and East Asia. Innovation, Technology Transfers, Finance, and Internationalization of SMEs’ Trade and Investment, 14, 1-35 [in English].
  12. Barry, F., & Topa, B. The state, venture capital and domestic high-tech start-ups in a late-developing economy: Ireland. UCD Centre for Economic Research Working Paper. www.ucd.ie. Retrieved from https://www.ucd.ie/economics/research/workingpapers/2006/WP06.25.pdf [in English].
  13. ICT value added / OECD Innovation and Technology data. www.data.oecd.org. Retrieved from https://data.oecd.org/ict/ict-value-added.htm [in English].
  14. Neven, D. J., Seabright, P., & Grossman, G. M. (1995). European Industrial Policy: The Airbus Case. Economic Policy. Vol. 10, 21, 313-358 [in English].
  15. Lo, D., & Wu, M. (2014). The state and industrial policy in Chinese economic development Transforming Economies: Making Industrial Policy Work for Growth, Jobs and Development. Geneva: International Labor Organization [in English].
  16. Felipe, J. (2015). Rhee c. Issues in modern industrial policy (I): sector selection, who, how, and sector promotion. Development and Modern Industrial Policy in Practice: edited by J. Felipe. Cheltenham & Northampton: Asian Development Bank and Edward Elgar Publishing [in English].
  17. Guadagno, F. Industrial policies in lower-middle-income countries. E15Initiative / International Centre for Trade and Sustainable Development and World Economic Forum. www.e15initiative.org. Retrieved from http://e15initiative.org/publications/industrialpolicies-in-lower-middle-income-countries [in English].
  18. Lee, K. Industrial policies for upper-middle-income countries. E15Initiative / International Centre for Trade and Sustainable Development and World Economic Forum. www.e15initiative.org. Retrieved from http://e15initiative.org/publications/industrial-policiesfor-upper-middle-income-countries [in English].
  19. Marchyshynetsʹ, O. V., & Marchyshynetsʹ, C. M. (2017). Industrialʹni parky yak instrument zaluchennya investytsiy u realʹnyy sektor ekonomiky [Industrial parks as a tool for attracting investment into the real economy]. Ekonomika i suspilʹstvo, 9, 16-22 [in Ukrainian].
  20. 2017/18 Knowledge Sharing Program with Ukraine: Final Reporting Workshop and Senior Policy Dialog. Kyiv: KSP, 2018. 79 p. [in English].
  21. Zuniga-Vicente, J., Alonso-Borrego, C., Forcadell, F., & Galan, J. (2014). Assessing the effect of public subsidies on firm R&D investment: A survey. Journal of Economic Surveys. Vol. 28 (1), 36-67 [in English].
  22. Cheon, B.Y. (2014). Skills development strategies and the high road to development in the Republic of Korea. Transforming Economies: Making Industrial Policy Work for Growth, Jobs and Development. Geneva: International Labor Organization [in English].
  23. Agriculture, forestry, and fishing; Industry, including construction; Services (value added, % of GDP). The World Bank national accounts data. www.data.worldbank.org. Retrieved from https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS?locations=UA [in English].
  24. Merchandise trade matrix – product groups, exports in thousands of United States dollars, annual. UNCTAD Statistics. www.unctadstat.unctad.org. Retrieved from https://unctadstat.unctad.org/wds/TableViewer/tableView.aspx?ReportId=24739 [in English].
  25. Research and development expenditure ( % of GDP). The World Bank national accounts data. www.data.worldbank.org. Retrieved from https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS?locations=CN-KR-MY&view=chart [in English].
  26. GDP per capita (constant 2010 US$). The World Bank national accounts data. Retrieved from https://data.worldbank.org/indicator/NY.GDP.PCAP.KD?locations=KR-CN-MY&view=chart [in English].