IT SECTOR OF UKRAINE IN STRATEGIES TO IMPROVE THE COMPETITIVENESS OF THE NATIONAL ECONOMY

Authors

DOI:

https://doi.org/10.15330/apred.2.19.206-214

Keywords:

IT cluster, competitiveness, national economy, digital transformation, digitalization, innovation, technological development, globalization, entrepreneurship

Abstract

The formation and development of the IT sector in Ukraine is an important component of the strategy to increase the competitiveness of the national economy in the face of global challenges. Approaches to the concept of digitalization and digital transformation, as well as the main consequences of digitalization on the national economy, are highlighted.

The purpose of the article is to reveal the role of the IT sector in increasing the competitiveness of the national economy in the context of global trends in digital transformation. The article used the methods of analysis and synthesis, elements of the institutional approach, comparative analysis based on data from national and international statistical services, international ratings.

It has been identified that the development of the IT sector in the context of the deployment of Industry 4.0 is an important factor in increasing international competitiveness in the context of intensifying competition in the world markets of goods and services. This is due to its impact on economic growth, innovation, employment and exports, the general positive macroeconomic effect on all spheres and sectors of the national economy.

It was revealed that the development of the IT sphere requires certain organizational and institutional conditions for functioning, in particular through the formation of IT clusters. It is justified that it is important to take into account the specifics of each country, including the level of economic development, scientific and technical potential, regulatory environment and other factors.

The analysis of the latest global trends in the development of IT clusters proved that the leaders in this field are mostly economically developed countries. A complex of endogenous and exogenous factors for the successful development of IT clusters has been identified, in particular, the availability of highly qualified personnel, business access to financing, the presence of a favorable ecosystem, cooperation between business, government and research institutions. It was found that Ukraine has the potential to develop IT clusters, which can contribute to increasing its competitiveness in the global dimension. Based on the analysis of foreign trade statistics, it has been proven that the IT sector has become the industry that has ensured the stable availability of foreign exchange resources from the export of services even in war conditions. The theoretical significance of the study lies in the development of methodological provisions on the need and possibility of transforming the concept of economic growth for open economies: from a focus on natural resources and cheap labor to an innovation-oriented economy. The practical value is due to the determination of the combinatorial influence of factors of both endogenous and exogenous origin to ensure the modernization of regulatory policy for the IT sector in Ukraine.

Author Biographies

L.P. Kudyrko, State University of Trade and Economics, Department of International Economics, 19 Kyoto str., Kyiv, 02156, Ukraine, tel.: 044 513 33 48

PhD (Econ.), Professor    

D. S. Shevchenko, State University of Trade and Economics, Department of International Economics, 19 Kyoto str., Kyiv, 02156, Ukraine, tel.: 044 513 33 48

Master's degree student

References

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Published

2023-06-06

How to Cite

Kudyrko, L. ., & Shevchenko, D. S. (2023). IT SECTOR OF UKRAINE IN STRATEGIES TO IMPROVE THE COMPETITIVENESS OF THE NATIONAL ECONOMY. The Actual Problems of Regional Economy Development, 2(19), 206–214. https://doi.org/10.15330/apred.2.19.206-214

Issue

Vol. 2 No. 19 (2023): THE ACTUAL PROBLEMS OF REGIONAL ECONOMY DEVELOPMENT

Section

Management

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