Industrial Development In Ukraine Research Articles

STATE REGULATION OF INVESTMENTS IN INNOVATIVE DEVELOPMENT OF INDUSTRY TO STRENGTHEN FINANCIAL SECURITY IN THE CONTEXT OF INDUSTRY 4.0

The main purpose of the article is the theoretical and methodological substantiation of the modern approach to the formation of a model of state regulation of investment support for innovative industrial development in the context of helping to increase the level of financial security. The object of the study is the innovative development of the industrial sector of the Ukrainian economy. At the same time, the scientific task will be to present a methodological approach to assessing the current state of trends in investment support for innovative industrial development in all regions of Ukraine as a tool for state regulation. The research methodology involves the use of modern methods of analysis and synthesis of available information on the research topic. A nonparametric statistical method was used to analyze the trends and dynamics of industrial development in Ukraine. The integral assessment method was used to form a methodological approach to assessing the level of investment support for innovative development as an effective instrument of state regulation. As a result of the study, a model of state regulation of investment support for innovative industrial development is presented. An assessment was made of the level of investment support for innovative industrial development concerning the proposed model. Based on the results obtained, measures to ensure financial security in the conditions of Industry 4.0 are proposed. The key financial obstacles to investment support for innovative industrial development are presented, ordered by the priority of the state's response to them. The study has limitations in that it does not take into account all aspects of state regulation. In this case, only the specifics of the industrial sector of the economy were taken into account.

Investigating the Role of Innovation in Inclusive and Sustainable Development in Ukraine and South Korea

While other studies have analysed the problems of innovation and innovative development at the global level or for some specific countries or enterprises, this study provides a comparison of publication activity in the sphere of innovation and innovative development in two countries with different levels of economic and sustainable industrial development. This study investigates publications on the innovation and innovative development problems regarding sustainable industrial development in Ukraine and South Korea. A bibliometric study was conducted. The data were collected from the SciVal platform. The authors used the modern techniques and procedures of bibliometric analysis and data visualisation. The results show that (1) South Korea demonstrates higher publication activity on innovation and innovative development than Ukraine; (2) in the articles, authors of both countries highlight the problem of increasing innovative activity; (3) authors from South Korea form a denser network of relationships with authors from other countries; (4) in both cases, the leading cluster formed around the keyword “innovation”; and (5) for Ukraine and South Korea, innovative activities are connected with sustainable development. This study combines qualitative and quantitative research methods. It was carried out in two phases: data preparation and data analysis, using the techniques and procedures of bibliometrics. The results demonstrate the importance of the publication of scientific papers on the effects of a country’s innovative activities to raise public awareness, foster the country’s innovation, and thus stimulate sustainable development.

STRATEGIC SCENARIOS FOR SUSTAINABLE INDUSTRIAL DEVELOPMENT OF UKRAINE IN THE POST-WAR PERIOD

The purpose of the paper is to develop the most probable scenarios and to determine the strategic directions and effective tools for the Ukrainian industrial recovery, which will ensure the resistance of the economy in the conditions of military challenges. The method of strategic scenarios allows to find out how the industrial development in Ukraine will develop in the course of war and post-war recovery. Methodology. The methods of system analysis and logical modeling were used to describe the transition of the Ukrainian production from the current situation of military crisis to the target one; structural analysis was used to determine the system of indicators characterizing the resistance of the industry. For this purpose, national (State Statistics of Ukraine) and international (World Bank, Eurostat official website) databases characterizing the level and structure of industrial development in the last 5 years were used. The method of calculation takes into account the criteria of changes in indicators: direction (growth/decline occurred); rate of changes based on the cumulative annual growth rate for the period of 5 years. The study was carried out using analytical methods of the influence of trends in the formation of strategic scenarios in unpredictable situations (conditions of wartime uncertainty), to assess changes in the probability of occurrence due to the actual occurrence of one of them, which made it possible to identify trends, justify scenarios and take them into account when analyzing the prospects for industrial development to strengthen the defense capabilities and economic growth of Ukraine. The results of the survey showed that the strategic scenarios for the industrial development of Ukraine will be adjusted as necessary for the post-war industrial recovery in case of a long-term external military threat to preserve the state sovereignty. The achievement of the set strategic goals depends on the driving forces determining the industrial development in Ukraine. As the main indicators characterizing the tendencies of industrial development in Ukraine, the indicators reflecting the efficiency of the use of productive forces have been chosen: indicators of industrial production efficiency; labor productivity; indicators characterizing innovative development; performance indicators of foreign economic activity and investment development. Taking into account the influence of each of the driving forces of industrial development in the conditions of wartime uncertainty, three scenarios of industrial development were developed: a conditionally positive scenario, in which the economic system will gradually stabilize due to the cessation of hostilities and the recovery of production capacities; a conditionally negative scenario, which will be characterized by the disintegration of the economic system, the destruction of energy infrastructure facilities, where negative trends will dominate; a conditionally neutral (basic) scenario, in which the disintegration of the economic system will not reach extreme levels, and industrial production will develop in areas not covered by hostilities. Practical implications. The key problem of restoring economic stability in Ukraine is to create conditions for favorable development of industrial business, which depends on balanced strategic policy decisions. The transformation of industry into an effective force for the revival of the Ukrainian economy in the conditions of the war and post-war period requires a balanced strategic management of the future development, because it is crucial to meet the unprecedented demands of the war on the available resources of the country and to prevent a social, humanitarian, economic, financial, environmental, military crisis. At the same time, traditional methods of indicative planning cannot take into account all factors of wartime uncertainty, therefore, the rationale of future development vectors based on scenario planning makes it possible to create conditions for minimizing threats and realizing potential opportunities. Value/originality. Strategic scenarios provide for better economic recovery planning with long-term national priorities, development strategies of related industries and sectors for ensuring the Ukrainian manufacturing resistance.

Modeling the influence of monetary factors on the development of national production

The article is devoted to defining the influence of monetary policy on the development of national production and substantiating the prospects for its monetary regulation. It has been established that in recent years the monetary policy of Ukraine has been unfavourable for the industrial development in Ukraine. The NBU, which adheres to the monetary regime of inflation targeting, pursues a relatively strict policy, in particular, maintaining the real key rate at a level above neutral and low growth rates of the real money supply. As a result, for many years the national industry has been operating in conditions of a chronic shortage of working capital and investments, which exacerbates the problems of its development. To establish the nature and strength of the influence of monetary factors on long-term economic growth in Ukraine, a new economic and mathematical model based on production functions has been developed. Its parameterization showed that national output directly depends on the increase in invested labour, and vice versa – on the increase in Hryvnia exchange rate to U.S. Dollar (discourages exports) and U.S. Dollar Index (worsens the foreign economic situation). The impact on the increase in the real money supply can also have a positive impact on the economy, but its strength depends on the growth rate of broad money (with controlled inflation). At moderate rates, typical for the basic scenario of long-term development of the Ukrainian economy, investments are not increasing as vigorously as it is necessary for accelerated growth of real GDP and incomes of citizens. An increase in the growth rate of the real money supply (up to about 15% per year), set forth in the accelerated development scenario, can provide better results. It is proved that despite the importance of monetary variables, the key factors influencing the links in the chain "real money supply – investment – industrial growth" should be sought outside the monetary sphere proper. Stable expansion of the monetary base and growth of the real money supply do matter, but they are not able to solve the fundamental problems of modernization of economic institutions, structural restructuring of the economy and overcoming technological gaps with industrialized countries. It follows from this that in Ukrainian economy in the long run it is important for the regulator to maintain stable growth of the real money supply and controlled inflation, but this will be of fundamental importance for solving the accumulated problems only if the policies of the regulator and the government are coordinated, which should create favourable conditions and form appropriate institutions to reduce the dependence of the economy on raw material exports, accelerate national technical and technological development and increase its overall level.

STRATEGIC INDUSTRIAL DEVELOPMENT SCENARIOS OF UKRAINE AND THEIR FEASIBILITY UNDER UNCERTAINTY

Introduction. In this paper, we examine the importance of scenario strategizing of industrial development under conditions of uncertainty caused by human, material and non-material losses during wartime. The main approaches to the development of the industrial development scenarios are systematized. It has been established that scenario methods can be used to cope with future uncertainties by envisioning plausible futures and identifying paths to reach desirable targets. Based on the study of the main indicators that characterize the internal opportunities for the manufacturing development in Ukraine (the dynamics of sold product volume, labor productivity, industrial energy consumption, the dynamics of research and innovation activities, high-tech exports, etc.), the authors identify the driving forces and weaknesses of the Ukrainian industry. Also the opportunities and threats of innovative transformations for manufacturing in the war and post-war period were identified. The proposals for a quick and effective manufacturing recovery in relation to the development policy priorities of the European Community were substantiated relying supports country-level collaboration between governments, business and civil society. Materials and methods. In article the methods of the system analysis and logical modeling - for explanation the ways of transition of the industry from the current situation to the target one; structural analysis to determine the system of indicators characterizing the sustainability of the industry were used. For this, national (State Statistics of Ukraine) and international (World Bank, Eurostat official website) databases characterizing the level and structure of industrial development over the past 5 years were used. The calculation methodology takes into account the criteria for changing indicators: direction (growth/decline occurred); rate of changes. The calculation of trends for measures with quantitative units is based on the cumulative annual growth rate for the 5 years period. The study was carried out using elements of the method of analyzing the influence of trends in the formation of strategic scenarios in the event of unpredictable situations (in conditions of wartime uncertainty), to assess changes in the probability of occurrence of a given set of events due to the actual occurrence of one of them, which made it possible to identify trends, justify scenarios and take them into account when analyzing the prospects for industrial development to strengthen the defense capabilities and economic growth of Ukraine. Results and discussion. Strategic scenarios for the industrial development of Ukraine will be adjusted as needed for post-war industry recovery in case of an long-term military external threat to preserve the state sovereignty of our country. It stresses the importance of ensuring a consistently high level of state defense capability. This additionally prioritizes the need to develop a developed industrial complex in creating available resources to meet the needs of not only the civilian population, but also the army. Achieving the set strategic goals depends on the driving forces that determine the industrial development in our country. As the main indicators characterizing the tendencies of industrial development in Ukraine, the indicators reflecting the efficiency of the use of productive forces were chosen: indicators of the industrial production`s efficiency; labor productivity; indicators characterizing innovative development; performance indicators of foreign economic activity and investment development. This choice is due to the fact that a strong industrial base should generate productive and stable employment, and, as a result, an increasing in the average level of wages. In addition, the industry should ensure the production of socially significant industrial goods (food, medicine, hygiene items, clothing and footwear, fuel). Taking into account the influence of each of the driving forces of the industry development in the conditions of the wartime uncertainty, three scenarios of industrial development have been developed: a conditionally positive scenario, in which the economic system will gradually stabilize due to the cessation of hostilities and the manufacturing capacities recovery; a conditionally negative scenario, which will be characterized by the disintegration of the economic system, the destruction of energy infrastructure facilities, where negative trends will be dominant; a conditionally neutral (basic) scenario, in which the turbulence of the economic system will not reach extreme levels, and industrial production will develop in areas not covered by hostilities. Conclusions. The key problem of restoring the economic stability of Ukraine is to provide conditions for the favorable conduct of industrial business, which depends on balanced strategic policy decisions. The transformation of industry into an effective force for the revival of Ukrainian business in the conditions of wartime and the post-war period requires a balanced strategic management of the future development of the economy, because it is critically important to meet the unprecedented demands of the war on the available resources in the country and prevent a social, humanitarian, economic, financial, environmental, military crisis. At the same time, traditional methods of indicative planning cannot take into account all factors of the wartime uncertainty, therefore, the rationale for future development vectors based on scenario planning makes it possible to create conditions for minimizing threats and realizing potential opportunities.

IMPACT OF THE COVID-19 PANDEMIC ON THE INDUSTRIAL SECTOR: IMPLICATIONS FOR ECONOMIC POLICY

The COVID-19 pandemic had a major impact on the economy around the world, damaging many areas of daily life. The industrial sector has been affected by the effects of industrial closures, reduced economic activity, and disruptions in logistics and transportation. The damage caused by the crisis has not yet been specifically assessed, as the industrial sector was not the most affected by the pandemic compared to other sectors of the economy. The subject of the study is the industrial sector of Ukraine and the EU. The aim of the article is to assess the impact of the COVID-19 pandemic on industrial development in Ukraine and the EU, as well as to propose economic policy measures to achieve stabilization in the industrial sector. Since industry is the foundation of economic growth and development, it is necessary to assess the depth of its decline and find possible solutions to get out of the recession. The theoretical analysis of the article is based on recent work by scientists in the field of industrial development, as well as on the authors' developments assessing the impact of the COVID-19 pandemic on the economy. The COVID-19 pandemic created the following problems for Ukraine's economy and industry: a decrease in aggregate global demand and a decline in business activity, which led to lower prices on world commodity markets; strengthening of government regulation; raw-material orientation of Ukraine's exports and the significant dependence of industrial enterprises on world prices for raw materials; transport and logistics problems with raw material supply chains; lower business expectations and reduced investment due to significant uncertainty. The findings showed that the coronavirus crisis hit the industrial sectors mainly in April 2020, leading to a 16.1% decline in industrial production in Ukraine and an 18.6% decline in the EU. Such industries as automobile manufacturing, leather manufacturing, light industry, furniture manufacturing, coal mining, oil and gas extraction were hit the hardest. The following measures to stabilize the industrial sector are proposed: support for domestic demand for the products of industries, namely metallurgy, machine building, and chemical industry, which are mainly export-oriented and very sensitive to changes in global demand; stimulation and development of high value-added production; acceleration of the digitalization process within national borders; support for the industrial sector in its pursuit of environmentally friendly production, and others.

Key accents of agenda of industrial development in Ukraine

Industry of Ukraine requires cardinal changes both for overcoming of the current crisis phenomena and for providing of favourable conditions for dynamic and effective increase in a long-term prospect. Actuality of problem grows under impact of scale transformations in geopolitical and geoeconomical landscapes. The key trends of industrial development in the world are determined by the processes of introduction of innovative technologies of fourth industrial revolution (4IR). However, at present starting positions of national economy and industry in particular are unfavorable for realization of such projects. The problem of disparity of necessity and possibilities transition of industrial production to the new technological level must be settled by continuous adjustment of industry development strategy and state tactics to the specific national aims and conditions (macroeconomic, institutional, foreign-policy) The aim of this article is to accent attention on actual directions, mechanisms, and instruments, which are most accessible, acceptable (economical and institutional measuring) and effective for realization of industrial development strategy under existing conditions in Ukraine. In the article the "road map" of becoming modern industrial production in Ukraine is offered. It covers five purposeful directions (blocks): science and innovation, finance and investment, institutional, structural changes, and market demand. Within each of them tendencies are analysed and priorities for public industrial policy are formulated. The significance and arguments for the urgent formation of national scientific and innovative potential as a factor in reducing the dependence of production and reproduction processes in industry on external influences are presented. The institutional block covers the issue of uncertainty of strategic prospects of industrial development in Ukraine as a deterrent factor to the necessary transformations. The importance of realization of the strategic role of the state at the present stage of industrial transformations is argued. The objective need to involve big business in the intensification of innovation processes based on various forms of partnership with the state is revealed. Emphasis is placed on the priority tasks of structural and sectoral development in the context of accelerating the implementation of modern technological solutions and product innovations. In particular, the importance of the manufacturing sectors of defence and ICT is accented. The importance of expansion and diversification of domestic and foreign markets for the development of high-tech sectors of in national industry is considered.

Current state and prospects of innovative industry development of Ukraine

Purpose. The purpose of the study is to analyse the development trends of Ukrainian industry and identify ways to solve existing problems based on the intensification of innovation processes. Methodology of research. During the research methods generally accepted in economic science were applied, in particular: statistical and graphic – for definition of Ukrainian industry development tendencies; comparative analysis – to compare the Ukrainian industry and the world; system generalization – in substantiating the directions of industry innovative development intensification. Findings. The current trends in the development of industrial production in Ukraine, which are characterized by falling production volumes and negative changes in the structure of the industry, are revealed. The reduction of industrial production is revealed, which occurs mainly due to the curtailment of the processing industry enterprises activity. Negative changes in the structure of the industry are revealed, among which the increase in the share of low-tech productions with a significant decrease in medium-tech and moderate –high-tech ones are highlighted. Based on the correlation between industrial production indicators and GDP dynamics, it is proved that industry forms the foundation of the country`s social and economic development. It was found that the Ukrainian economy lags far behind the development of the world`s leading countries in terms of its material, resource, and energy intensity. The article proves that the issue of industrial development based on the intensification of innovation processes in Ukraine needs radical changes in reforming the management mechanisms of innovation processes and relations between science, society, business, and government to intensify investment activities support the technological development of industry, the introduction of environmentally friendly production. Originality. The analysis of the state of Ukraine`s industry and substantiation of the need for its innovative development was further developed, in the context of which measures were proposed to intensify innovation processes, which, in addition to existing ones, provide for the formation of a managing mechanism for innovative industrial development; coordination of industrial sector development policy with the goals of sustainable and inclusive development; introduction of environmentally friendly industrial production; expansion of cross-border economic and environmental cooperation; development of the strategy of development of the industry of Ukraine taking into account the European experience. Practical value. The results of the study are the basis for solving practical problems of improving the situation and the transition to innovative industrial development in Ukraine. Key words: industry of Ukraine, processing industry, structure of industrial production, industry innovative development.

ВПЛИВ ТЕХНОЛОГІЙ ІНДУСТРІЇ 4.0 НА СТРУКТУРНІ ТРАНСФОРМАЦІЇ В ЕКОНОМІЦІ

У статті автори оцінюють вплив глобальних трендів Індустрії 4.0 на структурні трансформації в промисловості та обґрунтовують на цій основі напрями пожвавлення промислового сектору України через призму глобальних технологічних викликів. Розглядаються сучасні структурні диспропорції українського промислового розвитку та висвітлюються можливості, які надають технології 4.0 для інноваційного оновлення промисловості; оцінюється готовність до впровадження СМАРТ-технологій на промислових підприємствах. Ключовим висновком дослідження є те, що подальша інноваційна трансформація глобального виробництва призведе до неминучих змін в організації та управління виробничими процесами. Враховуючи результати досліджень, було запропоновано ефективне вирішення визначених проблем. Вони включають формування нових інститутів розвитку, які просувають технології Індустрії 4.0, адитивні технології, інтернет-речей, Big Data, роботизацію виробництв з одночасним розвитком громадських, освітніх і наукових інституцій, що забезпечують підвищення кваліфікаційного рівня персоналу, розширення проєктної інноваційної діяльності.

Investment climate as a factor of industrial development in Ukraine

The article deals with the provision of industrial development based the attraction of in-vestment depending on the changing characteristics of the investment climate. Since the problems of stagnation of the industrial production, its low productivity, excessive financial vulnerability (in view of high debt dependence and low solvency of the sector’s companies), capital losses, and the level of profitability, which is insufficient for reproduction, all remain relevant, the study offers those means of their solution that are related to attracting investments and improving the investment climate. The author highlights essential aspects of the investment climate and its impact on attract-ing investment in the industrial development. Conducted a comparative analysis of the indicators of industrial activities depending on the characteristics of the investment climate on the example of reference groups of foreign countries and Ukraine, which revealed various problematic aspects of the conditions of investment in Ukrainian industry. A set of econometric models was developed with whose help the author substantiates the effect of the system of factors of the investment climate (namely: macroeconomic stability, development level of the goods, financial and labor markets, innovative activities and technological transfer) on the industrial development and assesses the changes caused by thelong term shifts in the parameters of the industrial system. The author shows the feasibility of implementing a comprehensive approach to improving investment conditions with the use of various public policy instruments that determine the investment climate (including macroeconomic, monetary, and scientific and innovation policies as well as policies of the expansion of product inlets and regulation of the labor market) to ensure industrial development. In particular, in the context of the support of innovation, the article proposes the application of smart specialization strategies, which envisages modernization and diversification of regional industrial potential, and enhancing their entrepreneurial capabilities based on the introduction of technological innovations.

Інвестиційний клімат як фактор промислового розвитку в Україні

Інвестиційний клімат як фактор промислового розвитку в Україні

Тrade policy as an instrument to promote industrial development in Ukraine

Relevance of the research topic is due to the rapid growth in world trade, which leads to new challenges for Ukraine’s industry in the context of deepening economic globalization and increasing international competition. Under these conditions, the development and application of effective industrial policy instruments aimed at supporting promising sectors of the processing industry in the process of integration into the world market is very important. Formulation of the problem. New opportunities associated with the further liberalization of foreign trade in an increasingly open and competitive environment require the creation of a favorable environment for promoting the export activities of Ukrainian industrial producers under the constraints of international trade agreements. Selection of unexplored parts of the general problem. In the context of increasing the influence of integration processes on the development of production, the problem of choosing the most effective instruments of state regulation, which most of all contributed to active cooperation with foreign partners for export-oriented industrial producers of Ukraine, in particular for products with a higher degree of processing, remains insufficiently studied. Setting the task, the purpose of the study. The objective of the study is to develop proposals for effective trade policy instruments aimed at supporting the export of industrial products with higher added value within the framework of the existing restrictions of international agreements. Method or methodology for conducting research. General scientific methods are used in the work: abstract-logical, systemic; analysis and synthesis, statistical comparisons, grouping, sampling; expert assessments. The field of application of results. The results of this study can be applied in the process of government policy formation on the main aspects of the export development of industry in the context of integration processes. Conclusions. Based on the analysis of quantitative and qualitative indicators of international trade, its geographical vectors, trends in exports and imports of Ukrainian-made industrial goods are disclosed, and effective trade policy instruments are proposed: namely, non-tariff regulatory methods aimed at creating effective policies and institutions and can be used for the eliminating restrictions upon integration of the Ukrainian manufacturer to the international markets.

PUBLIC FINANCIAL POLICY ON INDUSTRY SPHERE: FOREIGN EXPERIENCE AND PROBLEMS OF IMPLEMENTATION IN UKRAINE

Introduction. Industry serves as the basis for meeting the needs of the national market and building a powerful export potential of the country. The public financial policy should aim at creating favorable conditions for investing in industry, which determines the relevance of the research. Purpose. The objective of the paper is to carry out a comparative analysis of the main mechanisms of the public financial policy of the industrialized countries of the world, to identify the existing trends in the development of industry in Ukraine, and to make recommendations on borrowing of the global experience in Ukraine. Results. A comparison of the mechanisms of implementation of the public financial policy in the industry of the United States, China, Japan, Germany, the Great Britain, Italy, and France has been carried out. The trends of industrial development in Ukraine have been determined. The scientific novelty consists in the recommendations suggested by the authors for ensuring the effective development of the industry, namely: in the creation of the State Innovation Bank, which would undertake soft lending of innovative projects and in the exemption from taxation of d enterprises in the event of their merger with a loss-making enterprise. Thus, the state will promote the creation of conditions for the progressive technological development of industry, increase its innovation and investment attractiveness. Enterprises will receive additional or cheaper financial resources, which will be able to invest in modernization and upgrading of productions, primarily high-tech. In view of the effective intended use of resources released as a result of taxation, it is suggested to conclude a special agreement between the controlling body and the taxpayer, according to which the payer will assume the obligation to effectively dispose of the financial resources.

INSTITUTIONAL TOOLS FOR INDUSTRIAL DEVELOPMENT SUPPORT

The article deals with modern institutional tools for supporting the industrial development of Ukraine. The problems and advantages of industrial sector development are identified in this manuscript. Particular attention is given to identifying priority sectors of the economy as a driving force for the development of Industry 4.0 and the conditions of financial, legislative and technical support. Algorithm for implementing strategic industrial priorities and tools for regulating industrial development in Ukraine are proposed by authors. Keywords: institutional tools, Industry 4.0, industrial development, smart regulation

Сучасні аспекти управління продуктивністю праці.

The main indicators of industrial development in Ukraine are described. The conclusion is made on the need to introduce new approaches to understanding the processes of economic development, the introduction of systematic developments in the field of productivity in the practice of economic activity. It is emphasized on the relevance of the study of labor productivity, its place in the theory of productivity. It is proposed to consider labor productivity as a partial factor of productivity. It is noted that aspects of using the labor productivity indicator in economic calculations are paid attention by the state authorities. The dynamics of labor productivity in Ukraine are analyzed with the conclusion that there is a stable tendency to increase the indicator of labor productivity. The necessity of introducing labor productivity management programs with motivational orientation in enterprises is substantiated. The methodological principles of forming an effective system of employee motivation for achievement of the planned level of labor productivity in the economic system are presented.

The Features of Formation of Competitive Advantages of Power Enterprises

Energetics is one of the leading sectors of the Ukrainian economy, which provides vital interests of the country, its economic security, social and cultural standard of living of the people. At the present stage of the transformational processes that dominate the world, when innovation, efficiency and competitiveness become the main tasks and signs of economic development, еnergetics becomes a key factor in technological modernization of the economy.The current state of industrial development in Ukraine is characterized by a drop in investment processes and a lack of production. The industry has an advantage in industries with a low technological level, final consumption products are largely uncompetitive in foreign markets, and a significant gap in socio-economic development levels is slowing down the growth of the economy both in general and in the sectors of the national economy. Author's contribution consists in providing the most effective management tools of business competitiveness at present. The article deals the features of formation of competitive advantages of power enterprises.

PROFESSOR P.P. KOPNIAIEV - SCIENTIST, PUBLIC PERSON, ESTABLISHER OF HIGHER ELECTRICAL ENGINEERING EDUCATION (TO THE 150TH ANNIVERSARY OF HIS BIRTH)

Purpose. To carry out complete historical and scientific analysis of Professor P.P. Kopniaiev's activities and establish his role and place of achievements in the formation of the basic concepts and directions of the theory of electrical engineering and its practical application in the development of higher education in Ukraine. Methodology. We have applied general scientific methods of logic and classification, analysis and synthesis and special historical methods – historical-comparative, problem-chronological, synchronic and diachronic. Results. On the basis of generalization of a wide range of sources of central, regional and personal archives, the principles and content of scientific-pedagogical, organizational and public activities of P.P. Kopniaiev were revealed and the classification of the scientific work according to the main directions of his research was conducted. Originality. Complex analysis of P.P. Kopniaiev's scientific-pedagogical, organizational and public activities were carried out in the field of higher electrical engineering education and industrial development in Ukraine, and his scientific achievements were classified according to the main directions. Practical value. Factual information, generalizations and conclusions can be applied in the teaching of humanitarian and engineering disciplines in higher education, in particular in the development of the lecture courses and textbooks used in educational activities, as well as in the preparation of general and scientific works on the history of science and technology.