ASSESSMENT OF THE DEVELOPMENT OF FOREIGN TRADE IN HIGH-TECH PRODUCTION OF UKRAINE UNDER THE ASSOCIATION WITH THE EU

Igor Matyushenko,Mariana Mateeva Petrova,Serhii Hlibko,Maryna Loktionova,Maryna Serhiivna Pasmor

doi:10.3846/bme.2020.11578

Abstract

Purpose – the purpose of article should assess the main factors affecting the development of trade in high-tech products of Ukraine in the context of association with the EU and the spread of a new industrial revolution. Research methodology – the scheme of research of trade of high-tech products of Ukraine from the EU on the basis of qualitative and quantitative economic-statistical analysis, analysis of comparative advantages and correlation-regression analysis. Findings – the results of the analysis show that the main factors determining the low presence of Ukraine in the world market of high-tech products are the outdated structure of production, a low level of R&D costs, and a decrease in the innovative activity of Ukrainian enterprises. The article presents the author’s recommendations on improving the effectiveness of foreign trade in high-tech products of Ukraine in the EU market. Research limitations – the absence of a state development strategy for the production of hightech products does not make it possible to accurately determine indicators of scientific research of the potential of Ukraine. Practical implications – correlation-regression analysis results can be used in the private and state sectors of the economy of Ukraine. Originality/Value – the original combination of schemes and methods allowed us to identify new critical places for export development in the context of the association of Ukraine with the EU.

Highlights

The relevance of the chosen topic of the study is explained by the fact that the development of disruptive production technologies is increasingly determining the future of the world as a whole and the European Union and Ukraine in particular
Findings – the results of the analysis show that the main factors determining the low presence of Ukraine in the world market of high-tech products are the outdated structure of production, a low level of R&D costs, and a decrease in the innovative activity of Ukrainian enterprises
Given the rather ambiguous state of development of the high-tech industry in Ukraine, the problem arises of assessing the peculiarities of the development of foreign trade in high-tech products in the context of the challenges of the new industrial revolution

Summary

Introduction

The relevance of the chosen topic of the study is explained by the fact that the development of disruptive production technologies is increasingly determining the future of the world as a whole and the European Union and Ukraine in particular. Given the rather ambiguous state of development of the high-tech industry in Ukraine, the problem arises of assessing the peculiarities of the development of foreign trade in high-tech products in the context of the challenges of the new industrial revolution. According to forecasts by 2030, world-renowned institutions (OECD, World Bank) and international industry associations can launch a revolution in industrial production only through the introduction, first and foremost, of high-tech industries, called “breakthroughs”, underlining “breakthroughs”. In assessing the impact of regulatory authorities on the foreign trade of high-tech products in Ukraine, scientists note the possibility of using cause-effect relationships between indicators characterizing the market’s business processes and state regulatory tools that can be quantified (Bacho et al, 2019; Sushchenko & Trunina, 2016; Koval et al, 2019). According to the modern classification of the Organization for Economic Co-operation and Development (OECD), high-tech industries include the aerospace industry, the pharmaceutical industry, the production of computers and office equipment, information and communications industry and instrumentation (Emerging Trends Report, 2013)

Methods

Results

Conclusion