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Stimulation of High-Tech Exports as the Basis of the Strategy of Post-War Recovery of the Ukrainian Economy
Ushakova N. G., Androsova T. V.

Ushakova, Nataliia G., and Androsova, Tetiana V. (2024) “Stimulation of High-Tech Exports as the Basis of the Strategy of Post-War Recovery of the Ukrainian Economy.” Business Inform 8:81–88.
https://doi.org/10.32983/2222-4459-2024-8-81-88

Section: Mechanisms of Regulation of the Economy

Article is written in Ukrainian
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UDC 339.5:330.3

Abstract:
The aim of the article is to assess the export activity of Ukraine and determine its role in the conditions of the ongoing war and post-war recovery of the national economy. Economic growth rates are higher in countries that are deeply integrated into global value chains, have a more diversified export structure, and focus on the quality of their own exports. In the pre-war period, Ukrainian exporters had a number of internal (difficulties in accessing financing for the production and sale of export products, low level of production technologies, non-compliance of national products with the technical requirements and standards of the world market, burdensome border crossing procedures, corruption, etc.) and external problems (unstable conditions in foreign markets of raw materials), which negatively affected the results of export activity. A sharp decline in Ukrainian exports during the wartime is caused by restrictions on production, financial, technological, and human resources resulting from the physical destruction of enterprises and logistics infrastructure, the loss of part of the workforce due to an increase in mortality and its outflow abroad, a decrease in income due to an unprecedented decline in business activity and production efficiency, the inability to insure war risks, etc. According to the experience of South Asian countries, which are now leaders in terms of high-tech exports (Hong Kong, Vietnam, Singapore, South Korea), changes in the commodity structure of exports by reducing the volume of raw materials and increasing the share of high-tech goods, as well as IT services, can become the basis for preserving the Ukrainian economy during the war and the post-war recovery, which requires stimulating scientific and technical research and development by increasing investment in innovation areas, the State support for exporters of high value-added products.

Keywords: foreign trade policy, exports, commodity structure of exports, high-tech exports, martial law, post-war recovery.

Fig.: 1. Tabl.: 2. Bibl.: 22.

Ushakova Nataliia G. – Candidate of Sciences (Economics), Professor, Professor, Department of Economics and Business, State Biotechnological University (44 Alchevskykh Str., Kharkiv, 61002, Ukraine)
Email: [email protected]
Androsova Tetiana V. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Economics and Business, State Biotechnological University (44 Alchevskykh Str., Kharkiv, 61002, Ukraine)
Email: [email protected]

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