TRENDS AND PROSPECTS FOR THE DEVELOPMENT OF DOMESTIC AUTOMOTIVE IN THE CONTEXT OF GLOBAL INTERNATIONAL POLICY

Authors

  • Y. V. Sribna National University of Water and Environmental Engineering, Rivne
  • V. V. Stupnytskyi Dubno Branch of Higher Education Institution «Open International University of Human Development «Ukraine», Dubno

DOI:

https://doi.org/10.31713/ve2202020

Keywords:

automotive market, car production, automotive development.

Abstract

The article proves that the automotive industry is one of the mostimportant segments of the world economic system and the economies of the vast majority of countries. Today, the automotive industry is a fairly high science-intensive production and the automotive industry is one of the foundations of scientific and technological progress. The formation of the modern national car market is carried out at the expense of the perfect state policy of the government. Thus, as a result of its successful implementation, the state annually ensures a stable pace of economic development and guarantees a high level of employment.Prospects for growth in car production by Ukrainian enterprises arelimited not so much by the lack of a capacious market, but by the lack ofadditional resources to invest in increasing capacity. In this situation, thedevelopment of Ukraine’s automotive industry directly depends on thearrival of serious foreign investors, who will bring to the industry not onlycapital in financial form, but also new technologies that are so necessary in the production of cars. Due to the innovative development of the automotive industry, Ukraine will be able to sell competitive products in both national and world markets, which will ensure Ukraine’s entry into the international economic community.It is noted that the main problem of the car market of Ukraine is thatthe Ukrainian manufacturer does not produce those cars that could satisfy the consumer, so the import of cars from Europe is actively developing. It is concluded that the Ukrainian market for European car companies is promising in terms of sales of used cars of European countries, thus ensuring the guaranteed sale of new comfortable cars for Europeans at their level of purchasing power. In the future, the territory of Ukraine will be suitable only for the final parking of used cars.

Author Biographies

Y. V. Sribna, National University of Water and Environmental Engineering, Rivne

Сandidate of Economics (Ph.D.), Senior Lecturer

V. V. Stupnytskyi, Dubno Branch of Higher Education Institution «Open International University of Human Development «Ukraine», Dubno

Candidate of Economics (Ph.D.), Associate Professor

References

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