INCLUSIVE INDUSTRIALIZATION FOR SUSTAINABLE DEVELOPMENT: TO THE PRINCIPLES OF FORMATION THEORY AND POLICY

Contradictory approaches to the formation of foundations and policies inclusive industrialization are revealed. The interdependence development is shown, in particular, due existence intrinsic property be inclusively oriented under conditions that create effect “circular cumulative causation” its deployment through structural policy instruments. Emphasis placed on absence such Ukraine incongruent actions state economy. significant limitations theory inclusive/extractive institutions for effective pointed out, connected with too long later period their neoliberal content, a priori unsuitable industrialization. Given social order limited access Ukraine, existing straightforward borrowing from developed countries noted, which led increased socio-economic instability spread rent-oriented organizations instead production. Industrialization considered as process changes should occur complementary combination fundamental factors development. Through prism these factors, models experiences deindustrialization world considered. It shown domestic premature ignoring need economic policy, unjustified replacement by measures deregulation liberalization, emphasis use current competitive advantages—cheap labor natural resources – building promising, technology-based innovative advantages. latent “failures” scientific-technological standpoint critically highlighted, attention drawn problems deepening injustice inequality, impossibility weak form national interests market power growing political influence corporations. As result, number conclusions Ukraine.