The System of Instruments for the Recovery and Development of the Processing Industry of Ukraine

The transformations that have taken place in the economy and public administration system of Ukraine over the years of independence have led to a number of negative consequences. First of all, this is a decrease in the gross regional product per capita, deindustrialization of the economy, the formation of an inefficient public administration system, and deindustrialization in investment attractiveness. One of the main factors of this situation is the low level of investment, gradual wear and tear and lack of modernization of equipment, slow rates of borrowing and development of advanced technologies and innovations in the processing industry. In this context, a system of instruments is proposed in terms of limiting the export of raw materials and creating new value-added chains, attracting investments, deregulation, stimulating public procurement, localization of industrial production, development of the high-tech sector, import substitution and localization of production of transnational companies, and stimulating non-raw material exports.