THE INVESTMENT AND INNOVATION IMPERATIVES OF THE MODERN STRUCTURAL POLICY

L. Piddubna () and M. Gorobynska ()
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L. Piddubna: Professor of the Department of Economics and Enterprise Property Evaluation of Simon Kuznets Kharkiv National University of Economics
M. Gorobynska: Associate Professor of the Department of Economics and Enterprise Property Evaluation of Simon Kuznets Kharkiv National University of Economics

Economics of Development, 2016, vol. 80, issue 4, 35-43

Abstract: The characteristics of the structural policies of countries with a high level of competitiveness have been determined. The role of the state as the main subject of structural reforms has been examined. The following shortcomings and threatening trends in the structural processes of Ukraine which cause a low level of national competitiveness have been analyzed and summarized: the gradual deindustrialization of the economy; technological backwardness; lack of a comprehensive state strategy for Ukraine's integration into the world economic space and missing coherent structural policyThe examples of the use of innovative "leap" technologies and breakthrough technologies as an integral unity of material resources, ideas and original management decisions in the structural policies of other countries (particularly in Slovakia) have been supplied. These management technologies make possible a technological breakthrough and higher competitiveness of the national economy in the face of highly limited financial and time resources. Due to many investment and innovation limitations of the Ukrainian economy its breakthrough to global competitiveness in many areas is problematic. A possible solution to this problem is using breakthrough technologies in the structural policy which imply the development of a mechanism for managing an investment and innovation module. A model of the investment and innovation breakthrough module has been proposed, which is an integrated set of three control loops: parametric information, organizational and functional. Together these loops provide monitoring, identification of priority areas, an innovative breakthrough technology, implementation and monitoring of the structural policy which promotes the growth of competitiveness of the state and its economic entities.

Keywords: structural policy; competitiveness of economic systems; innovative "leap" management technologies; investment and innovation breakthrough module. (search for similar items in EconPapers)
Date: 2016
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