Import substitution potential in the conditions of digital transformation

Anatolii Mazaraki, Tetiana Melnyk, Svitlana Melnychenko, Liudmyla Kudyrko, Tetyana Lositska () and Kateryna Pugachevska
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Anatolii Mazaraki: Kyiv National University of Trade and Economics
Tetiana Melnyk: Kyiv National University of Trade and Economics
Svitlana Melnychenko: Kyiv National University of Trade and Economics
Liudmyla Kudyrko: Kyiv National University of Trade and Economics
Tetyana Lositska: Kyiv National University of Trade and Economics
Kateryna Pugachevska: Kyiv National University of Trade and Economics

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Abstract: The monograph examines the current problems of state policy of import substitution in the current conditions of the post-industrial economy. The essence and generalized theoretical approaches to the genesis of theories of import regulation in open economies have been revealed, the tools of state regulation in import substitution policy have been systematized and the content of the modern concept of neo-industrial import substitution has been characterized with a definition of institutional obstacles to its development. The preconditions for the implementation of import substitution policy in key sectors of the Ukrainian economy have been studied. The current state of Ukraine's foreign trade has been analyzed and key problems of balancing the foreign trade balance have been identified. The causes and consequences of the growing import dependence of the domestic economy have been established. Considerable attention is paid to the areas of realization of import substitution potential in the context of building a national innovation system. The role of for- eign direct investment in ensuring structural transformations in the economy of Ukraine has been studied and the factors of deterioration of the investment climate in Ukraine have been determined. Based on the systematization of international experience, the risks and problems of neo-industrial development of countries that can affect the implementation of their import substitution strategies have been identified.

Keywords: Trade balance; imports; state regulation; import regulation; import substitution; neo-industrial import substitution; import dependence; open economy; "circular" economy; global digital economy; global production networks (search for similar items in EconPapers)
Date: 2021
ISBN: 978-617-7319-51-0
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Persistent link: https://EconPapers.repec.org/RePEc:baq:pcbook:978-617-7319-51-0.redif

DOI: 10.15587/978-617-7319-51-0

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