ACTUALIZATION OF THE PROCESS OF ACCELERATED FORMATION OF RELATIVE COMPETITIVE ADVANTAGES OF THE REGIONS OF UKRAINE

Keywords: competitive advantages, regional production complexes, meso level, capital investments, industry, regional production

Abstract

The article examines the theoretical and applied principles of formation of competitive advantages of the meso-level of the national economy in terms of accelerating the formation of relative competitive advantages of the regions of Ukraine. A structural hierarchy of relative competitive advantages within the national economy was formed. An analysis of the provision of capital investment in the regions of Ukraine in terms of industry and the main sources of their formation. A structural model for determining regional competitive advantages has been developed. It is proved that the formation and development of regional production complexes contributes to the realization of territorial competitive advantages, which stimulates economic growth of regions on the basis of their active entry into the world economy, as well as interregional division of social and production functions between regions. It is determined that the formation of regional production complexes reflects the objective differences of the regions, which are represented by a set of these complexes, integratedly represent the territorial competitive advantages. It is proved that the modern territory as a localized system of production was transformed into a system of territorially connected regional production complexes, based on the integration of business, investment and financial infrastructures of the region. It was substantiated the scientific position that each regional production complex is formed on the basis of basic resource elements of the region, which contributes to the realization of its objective competitive advantages. Since each regional production complex is a separate element of the system of interregional division of labor within the national macroeconomy, the competitive advantages of the territory reflect the features of industrial specialization and the level of interregional cooperation. At present, there is a reorientation of macro-financial flows towards the regions of the territories, which provide more competitive conditions for the development of long-term capital investments. It follows that the totality of regional production complexes represents the actual range of their territorial relative competitive advantages.

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Published
2021-02-26
How to Cite
Nesterenko, S. (2021). ACTUALIZATION OF THE PROCESS OF ACCELERATED FORMATION OF RELATIVE COMPETITIVE ADVANTAGES OF THE REGIONS OF UKRAINE. Entrepreneurship and Innovation, (16), 32-39. https://doi.org/10.37320/2415-3583/16.5
Section
Economics and national economy management