PECULIARITIES OF DEVELOPMENT OF INDUSTRIAL PRODUCTS IN THE REGIONS OF THE COUNTRY

Keywords: industrial products, region, regional development, investment, innovation, effective policy

Abstract

The article is devoted to topical issues of peculiarities of development of industrial products in the regions of the state. The main aspects of the country's economic growth due to the effective development of industrial production in the regions of the country are substantiated. The index of industrial production in the regional context is analyzed with an emphasis on their unique features and challenges. The influence of the investment climate on regional development is highlighted, emphasizing the need to create favorable conditions for attracting capital. Recommendations are made to develop individual strategies for each region, taking into account their specifics and needs. The main specifics include: 1. uneven development; different regions have different levels of industrial development, which leads to economic imbalances. For example, industrialized regions such as Dnipro or Kharkiv differ significantly from agricultural regions. 2. outdated technologies; many enterprises use obsolete and physically outdated technologies, which reduces their competitiveness and production efficiency. 3. human resources shortage; lack of qualified personnel, especially in high-tech industries, is a serious obstacle to industrial development. 4. infrastructure problems; poor transportation and energy infrastructure in some regions complicates logistics and increases production costs. 5. environmental challenges; industrial production is often accompanied by a negative impact on the environment, which requires the introduction of environmentally friendly technologies. 6. investment climate; unstable economic situation, high level of corruption and administrative barriers reduce the attractiveness of regions for investors. 7. lack of strategic planning; lack of comprehensive industrial development strategies at the regional level leads to inefficient use of resources and opportunities. The article emphasizes the importance of an integrated approach to solving industrial development problems, which will contribute to sustainable economic growth and increase the competitiveness of Ukrainian industry in the international arena.

References

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Published
2024-07-29
How to Cite
Broshko , M. (2024). PECULIARITIES OF DEVELOPMENT OF INDUSTRIAL PRODUCTS IN THE REGIONS OF THE COUNTRY. Economy and Society, (65). https://doi.org/10.32782/2524-0072/2024-65-83
Section
ENTREPRENEURSHIP, TRADE AND STOCK EXCHANGE ACTIVITY