Economic Policy of Industrial Development and Investment Approach to the Analysis of the National Economy

Abstract

The article is devoted to a critical analysis and scientific search for alternative options for the country's economic development along the path of technological modernization and structural restructuring of the national economy. The purpose of this article is to consider the investment approach to the analysis of the economy in the context of modern political economy. As a result of the critical analysis, an investment approach to the analysis of the economy was used to theoretically substantiate the fundamental possibility of the development of industrial capitalism in economic macro-region, including Ukraine. Based on the investment approach to the analysis, M.I. Tugan-Baranovsky convincingly showed the fundamental possibility of the development of industrial capitalism, which is capable of creating a corresponding internal market for itself in the process of industrialization. First of all, this can happen due to the outstripping growth in investment demand for means of production. The most important reason for the unrealized industrial potential is the initially incorrect strategic formulation of the problem of economic transformations and the associated erroneous choice of the target of economic reforms. The historically specific goal of economic transformations should not be an abstract market economy, but the development of industrial capitalism, which determines the development of a solution to the problem of a radical change in the target of economic reforms, which should be directly related to the development of industrial capitalism and the corresponding renewal of the tools of the state's economic policy.