• Valentina Antonyuk
  • Iryna Pidorycheva
Keywords: economic modernization, priorities, innovative development, processing industry, creativity, sociomental and institutional conditions for modernization.


In the article, the need for Ukraine’s economy modernization based on the new development paradigm founded on the creative component is justified. The article is highlighted the concept of the new development paradigm and its central elements are identified – creativity, knowledge, and access to information – which are powerful engines that stimulate economic growth and promote development in a globalized world. Taking into account world experience, it was found that in selecting the creative type of modernization, the priority spheres of economic development should be the processing industry and creative sectors of material production and services. Based on the analysis of the state of these spheres in Ukraine, it is defined priority vectors of economic modernization – structural transformation of the production structure, the development at a new technological basis of a powerful manufacturing and, above all those industries in which Ukraine has competitive advantages, as well as the development of the creative sector of the economy. The implementation of these areas will allow Ukraine to act "on an equal footing" in the system of world economic relations, will help reduce the import dependence on the supply of high-tech products and ensure a high level of productive employment. It is justified that modernization presupposes, first of all, building a new society in which effective economic, political and social institutions operate that ensure a steady progressive development of all spheres of public life. In that context, the socio-mental and institutional conditions of modernization are considered. Substantial reform of the power and economic relations, the provision of real economic freedom and the protection of rights, the overcoming of the bureaucratic and corrupt administrative system, which will ensure the unblocking of the creative and entrepreneurial initiative are essential for Ukraine.


1. Heyets, V. (2010). Liberalno-demokratychni zasady: kurs na modernizatsiiu Ukrainy [The liberal democratic foundations: the course for the modernization of Ukraine]. Ekonomika Ukrainy – Economy of Ukraine, 3, 4–20 [in Ukrainian].
2. Libanova, E. (2012). Sotsialni problemy modernizatsii ukrainskoi ekonomiky [The social problems of Ukraine’s economy modernization]. Demohrafiia ta sotsialna ekonomika – Demography and Social Economy, 1, 5–22 [in Ukrainian].
3. Levkovets, O. (2011). Modernizatsiia ekonomiky Ukrainy: zmist, umovy, ryzyky [Modernization of the Ukrainian economy: content, conditions, risks]. Biznes Inform – Business Inform, 10, 4–9 [in Ukrainian].
4. Kindzerskyi, Yu. (2013). Promyslovist Ukrainy: stratehiia i polityka strukturno-tekhnolohichnoi modernizatsii [The Ukrainian Industry: strategy and policy of structural and technological modernization]. Kyiv [in Ukrainian].
5. Kasych, A. (2016). Modernizatsiia yak stratehichne zavdannia rozvytku promyslovosti Ukrainy [Modernization as a strategic task of industrial development]. Biznes Inform – Business Inform, 7, 67–72 [in Ukrainian].
6. Statystychnyi shchorichnyk Ukrainy za 2016 rik [Statistical Yearbook of Ukraine for 2016]. (2017). Kyiv: Derzhavna sluzhba statystyky Ukrainy [in Ukrainian].
7. Zghurovskyi, M.Z. (Ed.). (2016). Forsait ta pobudova stratehii sotsialno-ekonomichnoho rozvytku Ukrainy na serednostrokovomu (do 2020 roku) i dovhostrokovomu (do 2030 roku) chasovykh horyzontakh [Foresight and elaboration of strategy for socio-economic development of Ukraine in the medium-term (until 2020) and long-term (until 2030) time horizons]. Kyiv: NTUU «KPI imeni Ihoria Sikorskoho», Vyd-vo «Politekhnika» [in Ukrainian].
8. Tsili Staloho Rozvytku: Ukraina. Natsionalna dopovid [Sustainable Development Goals: Ukraine. National report]. (2017). Kyiv: Ministerstvo ekonomichnoho rozvytku i torhivli Ukrainy [in Ukrainian].
9. The Global Competitiveness Report 2016–2017. Klaus Schwab World Economic Forum. (n.d.). Retrieved from 2017/05FullReport/TheGlobalCompetitivenessReport 2016-2017_FINAL.pdf [in English].
10. Creative Economy Report 2008: The challenge of assessing the creative economy towards informed policy-making. (2008). Retrieved from docs/ditc20082cer_en.pdf [in English].
11. Creative Economy Report 2013. Widening Local Development Pathways. (2013). New York: United Nations/ UNDP/UNESCO. Retrieved from [in English].
12. Amosha, O.I., Vyshnevskyi, V.P., & Zbarazska, L.O. (et al.). (2014). Promyslovist i promyslova polityka Ukrainy 2013: aktualni trendy, vyklyky, mozhlyvosti [Industry and Industrial Policy of Ukraine 2013: Current Trends, Challenges, Opportunities]. (V.P. Vyshnevskyi, Ed.). Donetsk [in Ukrainian].
13. World Development Indicators. Manufacturing, value added (% of GDP). The World Bank. (2017). Retrieved from http://data.worldbank. org/ indicator/NV.IND.MANF.ZS?locations=US-CN-KR-JPDE-UA-PL-CZ-BG&view=chart [in English].
14. Promyslovist Ukrainy u 2011–2015 rokakh: statystychnyi zbirnyk [Industry of Ukraine in 2011–2015: Statistical Yearbook]. (2016). Kyiv: Derzhavna sluzhba statystyky Ukrainy [in Ukrainian].
15. Limskaia deklaraciia. Put k dostizheniiu vseohvatyvaiushhego i ustoichivogo promyshlennogo razvitiia [Lima Declaration: Towards Inclusive and Sustainable Industrial Development]. 15-ia Generalnaja konferencija UNIDO, Lima (Peru) – 15th UNIDO General Conference, Lima (Peru). (2013). Retrieved from https://www.unido. org/fileadmin/user_media_upgrade/Who_we_ are/ Structure/Policymaking_Organs/Lima_Declaration_RU_ web.pdf [in Russian].
16. Landry, C. (2006). Kreativnyi gorod [The Creative City]. Moscow: Izdatelskii dom «Classics-XXI» [in Russian].
17. Florida, R. (2007). Kreativnyi klass: liudi, kotorye meniaiut budushchee [The Rise of the Creative Class. And How It’s Transforming Work, Leisure and Everyday Life]. Moscow: Izdatelskii dom «Classics-XXI» [in Russian].
18. Florida, R. (2004). Cities and the Creative Class. Retrieved from Cities%20and%20the%20Creative%20Class.pdf [in English].
19. Widening Local Development Pathways: The Creative Economy and the Post-2015 Development Agenda. (n.d.). Retrieved from ssc/news/articles/2013/widening_local_development_ pathways.html [in English].
20. Skyba, M. (2016). Kreatyvna ekonomika v Yevropi: 5 krokiv dlia zletu [Creative Economy in Europe: 5 Steps for Takeoff]. Retrieved from https://life. [in Ukrainian].
21. Zainiate naselennia za vydamy ekonomichnoi diialnosti u 2012–2016 rokakh [Employed population by types of economic activities in 2012–2016]. (n.d.). Retrieved from [in Ukrainian].
22. Natsionalni rakhunky Ukrainy za 2015 rik: statystychnyi zbirnyk [National accounts of Ukraine for 2015: Statistical Yyearbook]. (2017). Kyiv: Derzhavna sluzhba statystyky Ukrainy [in Ukrainian].
23. Yurasov, S. Kak ukraintsy delaiut dengi na ideiah. Kreativnaia ekonomika [How Ukrainians Make Money from Ideas]. (n.d.). Retrieved from http://www.liga. net/projects/just_business/ [in Russian].
How to Cite
Antonyuk, V., & Pidorycheva, I. (2018). PRIORITY VECTORS FOR THE MODERNIZATION OF THE UKRAINIAN ECONOMY. Strategic Panorama, (2), 116-123. Retrieved from
Transformational Processes in the Economy