Open AccessUKRAINE IN THE PROMOTION SYSTEM FOR EXPORTS OF HIGH-TECH PRODUCTS
Author(s) -
Anatoliy Rybchuk,
Taras Bachynsky
Publication year - 2020
Publication title -
journal of european economy
Language(s) - English
Resource type - Journals
eISSN - 2519-4089
pISSN - 2519-4070
DOI - 10.35774/jee2020.01.016
Subject(s) - business , promotion (chess) , context (archaeology) , high tech , competitive advantage , globalization , state (computer science) , international trade , government (linguistics) , industrial organization , economic policy , economics , market economy , politics , marketing , political science , paleontology , linguistics , philosophy , algorithm , computer science , law , biology
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.