Approaches to forming the economic security of ukraine’s machine-building complex and foreign countries in the context of international economic activity

The article explores approaches to forming the economic security of Ukraine’s machine-building complex, drawing on international experience and global economic activity. In the context of globalization and increasing competition, Ukrainian enterprises need to enhance productivity, which is currently 40% lower than in EU countries. In 2023, the capital assets per worker amounted to approximately 1.5 million UAH, almost half of that in Poland and the Czech Republic. The machine-building sector requires 5–7 billion UAH investments annually over the next five years to reach European productivity standards. Analysis shows that a 10% increase in automation could boost productivity by 8% and reduce costs by 5%, allowing export volumes to rise to 20 billion UAH annually, up from the current 14 billion UAH, contributing up to 1 billion USD in annual foreign currency inflows to the economy. Applying technology gap and economic security theories in practice supports the development of state policy strategies to bridge technological gaps, strengthen national economic security in the machine-building sector, and maintain global competitiveness. An adapted formula for assessing the technology gap in the machine-building sector between Ukraine (country U) and a developed country (country D) demonstrates this need. For example, the technology index for Ukraine’s aquaculture sector stands at 40, compared to 90 in Norway, with a 55.6% gap indicating significant technological lag in the aquaculture industry. This suggests a need for modernization, increased automation, and investments in eco-friendly technologies to improve efficiency and competitiveness internationally. The study’s findings underline that applying technology gap theory can help define strategic approaches to narrowing the gap with more developed countries and creating a modern technological foundation essential for enhancing the competitiveness of the country’s machine-building sector. Keywords: machine-building complex, industry, economic security, investment, international economic activity, competitiveness, state policy, regulation, world market, foreign countries.

Authors

Publication Details

Journal
Ukrainian Journal of Applied Economics and Technology
Published
2024-08-30
DOI
https://doi.org/10.36887/2415-8453-2024-3-56
Citations
1
Primary Topic
Economic Issues in Ukraine
Type
article
Field-Weighted Citation Impact
0.83
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Approaches to forming the economic security of ukraine’s machine-building complex and foreign countries in the context of international economic activity

Anastasia Yatsun, Nataliia Korоbova, Наталія Вдовенко
1 citations
Ukrainian Journal of Applied Economics and Technology
Economic Issues in Ukraine
0.83
article

Approaches to forming the economic security of ukraine’s machine-building complex and foreign countries in the context of international economic activity

Anastasia Yatsun, Nataliia Korоbova, Наталія Вдовенко
article en
1 citations

Abstract

The article explores approaches to forming the economic security of Ukraine’s machine-building complex, drawing on international experience and global economic activity. In the context of globalization and increasing competition, Ukrainian enterprises need to enhance productivity, which is currently 40% lower than in EU countries. In 2023, the capital assets per worker amounted to approximately 1.5 million UAH, almost half of that in Poland and the Czech Republic. The machine-building sector requires 5–7 billion UAH investments annually over the next five years to reach European productivity standards. Analysis shows that a 10% increase in automation could boost productivity by 8% and reduce costs by 5%, allowing export volumes to rise to 20 billion UAH annually, up from the current 14 billion UAH, contributing up to 1 billion USD in annual foreign currency inflows to the economy. Applying technology gap and economic security theories in practice supports the development of state policy strategies to bridge technological gaps, strengthen national economic security in the machine-building sector, and maintain global competitiveness. An adapted formula for assessing the technology gap in the machine-building sector between Ukraine (country U) and a developed country (country D) demonstrates this need. For example, the technology index for Ukraine’s aquaculture sector stands at 40, compared to 90 in Norway, with a 55.6% gap indicating significant technological lag in the aquaculture industry. This suggests a need for modernization, increased automation, and investments in eco-friendly technologies to improve efficiency and competitiveness internationally. The study’s findings underline that applying technology gap theory can help define strategic approaches to narrowing the gap with more developed countries and creating a modern technological foundation essential for enhancing the competitiveness of the country’s machine-building sector. Keywords: machine-building complex, industry, economic security, investment, international economic activity, competitiveness, state policy, regulation, world market, foreign countries.

Ukrainian Journal of Applied Economics and TechnologyVol. 2024(3)
Openalex Percentile: Top 21%
Economic Issues in Ukraine
0.83
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.