Abstract
The world experience of state promotion of high-tech exports is investigated, which involves the use of multifactorial legal, financial and insurance instruments. First, it is established that the country is not able to fully integrate into the world economic space and effectively develop without the development of high-tech exports. Secondly, it has been found that owning high-tech products in the context of globalization is becoming an extremely important factor in gaining competitive advantage in world markets, thus, national producers should rely on government assistance in the form of adequate risk coverage and various financing schemes. Thirdly, it is confirmed that Ukraine will be able to develop the system of state support for exports by expanding and improving the efficiency of existing state bodies, as well as creating institutional frameworks for the implementation of new mechanisms – the National Export Development Strategy of Ukraine. JEL: F13, O24, O38.
Highlights
Literature review and problem statementIn the context of further globalization of the world economy and the deepening international division of labour, export of high-tech industrial products is gaining importance and becoming one of the priorities of Ukraine’s economic policy
The world experience of state promotion of high-tech exports is investigated, which involves the use of multifactorial legal, financial and insurance instruments
Achieving the priority objective of accelerated growth of the Ukrainian economy is impossible without state support of high-tech innovative industries and increase in the export of scientific products to the world market. Both Ukrainian and foreign scientists research the problems of state stimulation of high-tech exports. This is due to the fact that in modern conditions the system of state support for export of high-tech products is an important direction of trade policy of many developed and, in recent years, developing countries
Summary
In the context of further globalization of the world economy and the deepening international division of labour, export of high-tech industrial products is gaining importance and becoming one of the priorities of Ukraine’s economic policy. Achieving the priority objective of accelerated growth of the Ukrainian economy is impossible without state support of high-tech innovative industries and increase in the export of scientific products to the world market. Both Ukrainian and foreign scientists research the problems of state stimulation of high-tech exports. This is due to the fact that in modern conditions the system of state support for export of high-tech products is an important direction of trade policy of many developed and, in recent years, developing countries. State support for the export of high-tech products in Belarus provides for the promotion of high-value-added knowledgeintensive and high-tech exports, which is one of the main tasks of foreign trade development (Nikitina, 2013)
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