The Theoretical Foundations of Restructuring of the National Economy

Abstract

The aim of the article is to allocate theoretical approaches to the definition of restructuring of the national economy. As a result of the study, the following approaches to the definition of restructuring of the national economy have been proposed: «structure-forming», «sustainable development», and «innovation-industrial». The essence of the first approach lies in the positioning of restructuring as a process directed toward reorganizing certain structures by removing individual elements, also transforming the links between the components that are recognized as acceptable for the further successful functioning of the structure as a whole, as well as at achieving the structure of the national economy, which is able to provide the volume of production in accordance with the internal needs and requirements on the part of international markets. The approach of «sustainable development» includes an understanding of restructuring as the result of the return of the structure to a conditionally stable status regulated n the part of the State (with a clear consolidation of targets and implementation mechanisms in the relevant public documents), which provides a qualitatively new proportion of elements of social production, in order to ensure stable development of the economy, its resistance to whether external or internal challenges. The innovation-industrial approach provides for the directedness of structural changes into positive structural changes with an emphasis on preventing the negative consequences of structural crises as a factor that turns down the effective existence of the current structure, on the activation of economic activity of economic entities and the system of links between types of economic activity, also on the formation of a modern processing industry, which will create the grounds for the structural transformation of the economic system. Prospects for further research in this direction are to determine measures for restructuring the national economy in the period of post-war recovery of Ukraine.