Abstract

In the light of globalization processes at the present stage of development of the Ukrainian economy, domestic enterprises of the machine-building industry faced the problem of increasing their competitiveness in the world market, which in turn contributed to the Activation of their innovative activities. The need of implement measures to increase the level of investment attractiveness of Ukrainian enterprises, determines the feasibility of the analysis of the current state of the machine-building industry. The aim of study is to investigate the role of machine-building industry production in total industrial complex, the research status, the challenges and to identify priorities for further development of engineering in Ukraine that are taking into account the requirements of the Modern market. Research object. The object of the research is the machine-building industry of Ukraine and its condition in the conditions of world globalization. Methods. Research methods that were used in the process of writing the article - providing for the application of General scientific and empirical approaches to economic science – were based on a systematic approach. The appliance of the dialectical method allows us to highlight the features of modern innovation processes, furthermore, to explore the problems of creating an investment-attractive environment in the machine-building industry of Ukraine. The traditional method is applied in the study of previous experience chronology of events and facts in the development of the economy of Ukraine. General scientific systematical and logical methods were also used to obtain research conclusions. The basis of the information in this paper is on the researches consisted of monographs, scientific articles of domestic, foreign articles, legal activities of the enterprises and data of the State Statistics Service of Ukraine. The hypothesis of the study. Continuous monitoring of the current state of machine building in Ukraine and implementation of the results of its practical analysis will improve the investment attractiveness of the industry. Presentation of the main material. In this scientific article the role of mechanical Engineering as the leading industry of economy of Ukraine is investigated. Based on statistical data, the dynamics of the main indicators of development of the machine-building industry of Ukraine for 2010-2018 was analyzed. Significant problems of the studied area are Identified, priorities for further development are determined. The originality and practical significance of this study is to investigate deeply the main problems of investment attractiveness of the engineering industry. also this study’s main provisions can serve as a scientific basis for the development of machine-building enterprises, in the context of the study of the problems of increasing the investment attractiveness of the industry. Conclusions of the study. Since Mechanical Engineering is one of the leading industries, it is an indicator of the technical level of the country. Lack of financial resources at the enterprises through problems such as low speed potential restoration of production in industry were solved. This leaded to braking of the General development of mechanical engineering of Ukraine. In challenging situations of financial and economic activity, the enterprises of the machine-building industry need support from the State, in particular that needs a part of tax incentives for large-scale projects to modernize production facilities and Provide domestic producers with state orders. According to the results of the conducted research it can be argued that the main stimulus for the realization of the industry’s potential is the lack of material resources. Therefore, the solution for problems of increasing the investment attractiveness of industry will insure the further development of machine-building complex of Ukraine.

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