POSTWAR RECOVERY OF UKRAINE'S INDUSTRY: CHALLENGES AND FEATURES OF POLICY

Abstract

Introduction. The war of the Russian Federation against Ukraine encourages a rethinking of the model of national economic reform policy pursued in recent decades and has caused significant technological and economic backwardness of the country, making it vulnerable to external aggression. Policy miscalculations, especially in matters of industrial development, should be taken into account in shaping the directions of postwar The war of the Russian Federation against Ukraine encourages a rethinking of the model of national economic reform policy pursued in recent decades and has caused significant technological and economic backwardness of the country, making it vulnerable to external aggression. Policy miscalculations, especially in matters of industrial development, should be taken into account in shaping the directions of postwar recovery. Purpose. Identify key challenges and outline the features of the policy of postwar recovery of Ukrainian industry. Results. The exceptional importance of industry for the stability and state of the economy both in peacetime and in wartime is shown. The key indicators of Ukraine's industrial development in the pre-war period are analyzed, which testify to its significant backwardness from developed countries. Against this background, the approaches to the formation and implementation of industrial development policy in developed countries and in Ukraine are analyzed and compared. The essence of modern state entrepreneurship is briefly described and its important role in ensuring effective economic and industrial transformations in developed countries is shown. Attention is drawn to the need for a complementary combination of structural and fundamental factors of development and the allocation of its strategic priorities in the implementation of state entrepreneurship. The main shortcomings of Ukraine's economic policy that led to deindustrialization and lagging behind in the pre-war period are identified. The "bottlenecks" of Ukraine's economy, which appeared during the war and led to large-scale economic losses, are shown. It is pointed out that overcoming the consequences of the war and post-war reconstruction should not be carried out by prolonging the pre-war approaches to economic management. Possibilities of implementation of the state entrepreneurship model to ensure effective recovery and accelerated development of the domestic economy are proposed. In this regard, the strategic priorities of the country's development, the corresponding sectoral priorities of the industry, its stages of recovery and the main organizational measures to be taken by the state to implement these priorities are highlighted.