Restructuring of industrial economies in countries in transition: Experience of Ukraine

provided by Research Papers in Economics

RESTRUCTURING OF INDUSTRIAL ECONOMIES IN COUNTRIES IN
TRANSITION: EXPERIENCE OF UKRAINE
by Dr. Valentina Degtyareva, Oleg Savsunenko
Institute of Industrial Economics
National Academy of Sciences of Ukraine

The necessity of restructuring in the Ukrainian industrial sector is caused by a number
strategic social and economic problems to be resolve, namely:

• overcoming deep economic crisis;

• transition the economy to the state of stable growth:

• implementation of a concept for socially oriented economy;

• achievement proper place in the international cooperation and labor division that correspond
the Ukrainian economic potential.

The achievement structurally balanced economy and its integration in the world
economy is one of the main goals of the transition to the market. Under the condition that
economic structure of Ukraine deeply distorted by extremely high concentration of basic
industries with technical and technological level lagging behind the needs of modern economic
and social development pattern, there should be made deep and sound structural changes in the
industrial sector of the country.

Ways of transition to the market are greatly predetermine by the initial state of the
economy, its sectorial structure, effectiveness territorial labor division, trade, system of
economic and social priorities, political situation as well as the readiness of the population to
adopt principles of market relationships.

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