PROSPECTS FOR MODERNIZATION AND GROWTH OF STRATEGIC SECTORS OF UKRAINIAN INDUSTRY
PROSPECTS FOR MODERNIZATION AND GROWTH OF STRATEGIC SECTORS OF UKRAINIAN INDUSTRY

Summary/Abstract: The article examines the features of modernization and growth in Ukraine’s strategic industrial sectors and identifies promising directions for their development. The authors analyze the consequences of the full-scale invasion for Ukraine’s real economy, which manifested in significant losses of production capacities, destruction of logistics chains, and a reduction in the sector’s share of GDP. The necessity of transitioning from a raw-material-based development model, reliant on resource advantages, to a structural transformation grounded in innovation is substantiated. Based on the analysis of the experience of developed countries (the USA, the EU) and the “Asian Tigers,” the article highlights the importance of state policies aimed at targeted support for a narrow set of strategic sectors (semiconductors, biotechnology, microelectronics) as a key factor for economic growth. It is demonstrated that Ukraine’s attempts to define priorities were too broad, indicating the absence of a clear industrial strategy and leading to underutilization of its resource potential. At the same time, the article emphasizes the pivotal role of digital transformation as a driver of recovery. EU financial instruments (“Digital Europe,” Ukraine Facility, CEF) and national initiatives (“Community 4.0”) are examined as mechanisms supporting Ukraine’s integration into the European digital market, the development of 5G infrastructure, and the strengthening of cybersecurity even under wartime conditions. The study argues that a post-war growth strategy should combine macroeconomic stabilization measures with structural reforms focused on job creation. Priorities include the development of the defense-industrial complex, localization of production, energy security, and technological modernization of industry based on the principles of sustainable development and the circular economy. The article stresses that the success of transformation depends on systematic state policy, institutional maturity, and effective use of international assistance.

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