Problems of Development and Structural Shifts in Ukraine's Manufacturing at the Present Stage

The article examines the history and current problems of the development of the manufacturing in Ukraine. The main stages of development of this sector of the national economy and their characteristic features are determined. The dynamics of value added in the manufacturing industry per capita in Ukraine are investigated. A comparative analysis of the level of industrialization in Ukraine and average global indicators is conducted. It is revealed that over the past decades, Ukraine's economy has undergone persistent and rapid deindustrialization, which has occurred against the backdrop of external crisis shocks and the absence of systematic and targeted industrial policy from the government. The share of manufacturing industry in Ukraine's GDP has decreased to 10.0%, which is 6.5 percentage points lower than the global average. The key factors and consequences of deindustrialization of Ukraine's economy are analyzed. The problems of attracting capital and foreign direct investments in the manufacturing sectors of Ukraine are analyzed. The dynamics and structure of the domestic manufacturing sector by the level of product technology are analyzed. It is revealed that the deindustrialization of Ukraine's economy occurred primarily due to the decline of science-intensive industries. Meanwhile, existing market incentives and engagement in external markets mainly stimulated the development of technologically simpler productions. International comparisons of Ukraine's competitive industrial performance index are conducted. From 1990 to 2022, Ukraine dropped from 42nd to 82nd place worldwide in the CIP ranking, as each delayed year on the path to industrialization increases the number of international competitors who recognize the importance of developing their own manufacturing industry and pursue industrial policies and export expansion strategies for their industrial products.