INTERNATIONALIZATION OF THE UKRAINIAN IT SECTOR: RISKS AND OPPORTUNITIES
Abstract
Information and communication technologies are an integral part of the current and future functioning of all countries in the international community. The global telecommunications network interweaves individual economies into a global system. The emergence and dynamic development of the ICT sector has significantly accelerated economic transactions, contributing to the growth of efficiency in domestic and international economic relations. This sector is quite resilient to global pandemics or economic fluctuations, creates high added value and thus attracts new workers, stimulating employment growth. The global market leaders, which are also a benchmark for other countries, maximize the internal development and internationalization of this sector. The above-mentioned actualizes the constant research of the state and prospects of the IT sector, both in individual countries and in the world as a whole. The purpose of the article is to assess the current state and prospects of development of the IT sector of Ukraine, including its export potential, by revealing its strengths and weaknesses, identifying risks and providing recommendations on the possibilities for further functioning of the sector in order to accelerate economic growth, post-war economic recovery and qualitative improvement of the structure of GDP and exports of Ukraine. The study is based on such general scientific and special methods as analysis and synthesis, induction and deduction, generalization, comparison, measurement, grouping and graphical methods. The contribution of the IT industry to the GDP and exports of Ukraine is revealed, trends in changes in the relevant indicators in 2010-2023 are identified. The factors of development and adaptability of the domestic IT sector in the context of Russia's full-scale invasion of Ukraine are generalized. Current problems and risks that negatively affect the functioning of the IT sector of Ukraine are identified and options for solving these problems and mitigating risks are proposed. The practical value of the study is to provide recommendations for the further development of Ukraine's IT sector for intensive economic growth and qualitative improvement of the structure of domestic exports.
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