Abstract
The article reveals the causes and consequences of accumulated problems in the development of the textile industry of Ukraine. The analysis of the state of the global textile market is presented. The processes of transferring centers of influence in the industry mainly from developed countries to developing countries are studied. The critical dependence of textile production on imported raw materials and semi-finished products is established. Attention is drawn to the need to strengthen the domestic raw material base, the revival and cultivation of flax, industrial hemp. The state of the implementation of foreign trade transactions in the industry is characterized the intensity of the flow of investment to strengthen its potential is investigated. Attention is focused on the need to strengthen the role of the state in supporting the development of the textile industry. Recommendations on further restructuring of the textile industry as an effective tool to increase its competitiveness have been developed.
Highlights
The development of the textile industry solves several important problems: it satisfies the material needs of people, taking into account the specifics of demand; contributes to a more efficient use of labor resources in the areas where enterprises are located, primarily heavy metallurgy, since women mainly work at textile enterprises; creates enterprises in areas that are limited by territorial, water and energy resources [2,3]
The textile industry of the Ukrainian SSR was provided with raw materials that were produced in the Union republics
Existing problems in the development of the textile industry of Ukraine can be divided into three categories: 1) problems associated with industrial structures after the collapse of the USSR; 2) problems of the transition economy and the imperfection of domestic legislation; 3) problems of economic and social direction
Summary
The key players in world politics and economics are the USA, Russia, China, as well as the EU and BRICS countries, “G7” and “G20”. Some countries are strengthening their economic potential, increasing their competitiveness, while other countries are losing ground in the global market. This problem concerns the market for industrial products, including light industry products and their component - the textile industry. We intend to consider the situation in the global textile industry market. We intend to consider the accumulated problems of the development of this industry and outline ways to solve them in Ukraine. Perhaps the results of our studies will be useful for economists in other countries
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