STRUCTURAL-METHODOLOGICAL RESEARCH OF ECONOMIC MODERNIZATION OF THE REGION

  • Vachovych I. LUTSK NATIONAL TECHNICAL UNIVERSITY
  • Salivonchyk I. LUTSK NATIONAL TECHNICAL UNIVERSITY
Keywords: modernization, theories of modernization of the regional sector, integration, EU

Abstract

Modernisation must not be seen as a simple set of specific programs in various areas of political, economic and social life of the country, although no such programs are technologically difficult to implement the modernization process. Therefore, we consider the modernization as a particular economic ideology, which leads to a large-scale qualitative changes. It is the modernization provides the basis for technological updates suplita, because otherwise the country simply is not a real request for a large-scale innovation. In scientific work “Modernization of Ukraine: defining reform priorities: Draft for discussion”, the concept of modernization: “...it is primarily a comprehensive process of reforming existing and establishing new political, legal, economic and social institutions, and the borrowing of cultural norms that meet the highest standards and values of developed democratic countries.

Scientists are considering an upgrade, as a certain ideology around which to build specific reforms that lead to large qualitative changes. And then upgrade provides the conditions for technological development and the need for innovation in various areas. For the regions of Ukraine at the present stage of development three stages of modernization of the economy are grounded;  industrial, post-industrial and neo-industrial.  In recent years, the Ukrainian industry is mostly old-fashioned enterprises of the Soviet era, where production technologies are lagging behind for decades from modern ones. Therefore, we believe that a new era of industrialization is needed in the country as never before, namely structural modernization and development of the regional economy, because our country, in addition to the leading positions in the agro-industrial sector, can also be an attractive production site for domestic and  global enterprises. The modernization of the Ukrainian economy should be aimed at building a highly effective competitive dynamic socially oriented economic system, in which economic development is ensured primarily through expanding the use of innovative technologies, rational use of human potential on the basis of increasing and improving the quality level of export potential and integration into global economic relations,  expansion of capacity and balance of the domestic market. In other words, we are talking about restructuring the economy on a fundamentally new principles of management. Today, the economic aspect of the region's European integration represented first and foremost, the economic and monetary Union (EMU), which represents the intertwining of monetary policy with economic policy and involves the harmonization (convergence) of economic and monetary policies of member countries Union with the aim of introducing a single currency - the Euro. To integrate into the EU, regions need to substantially change the process of implementing economic and financial policies. You need to change the tools for regulating the foreign exchange market and create conditions for the merger of our financial market with globalized world, but in practice, this can radically change the financial services market in the country and especially the banking system. All of this requires, in our view, fundamental research

Published
2020-01-28