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Assessment of the Industrial Structure and its Influence on Sustainable Economic Development and Quality of Life of the Population of Different World Countries

1
Jiangsu Normal University, 101 Shanghai Rd, Tongshan Qu, Xuzhou 221100, China
2
National Academy of Sciences of Ukraine, Research Centre of Industrial Problems of Development, 1a Inzhenernyi Ln., 61166 Kharkiv, Ukraine
3
Ministry of Economic Development and Trade of Ukraine, State Research Institute of Informatization and Modeling of Economy, 38 Druzhby narodiv Boul., 01014 Kyiv, Ukraine
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(5), 2072; https://doi.org/10.3390/su12052072
Received: 15 January 2020 / Revised: 20 February 2020 / Accepted: 24 February 2020 / Published: 8 March 2020
(This article belongs to the Section Economic and Business Aspects of Sustainability)
The article proves that despite a significant growth in the service sector in recent years, industry remains the main engine of economic growth. Moreover, using the analysis of statistical data, it is shown that the development of industrial complexes of countries of the world is accompanied by corresponding structural changes, which in turn determines their economic development in general. The study aims to solve the following issues: which structure of the national industry can be considered progressive under modern conditions, i.e., can lead to progress and sustainable socio-economic growth; whether there is a correlation between the progressive structure of the country’s industry and its economic development and the quality of life of its population; how the approach of the country’s industrial structure to its progressive state influences the country’s economic development and quality of life of its population. The purpose of the study is to justify or refute the hypothesis about influence of progressiveness of the industrial structure on sustainable economic development and quality of life of the population. The main methods used in the study are cluster analysis and integral assessment. The statistical basis of the study is the data on inter-branch balances for 36 countries of the world for 2009, 2011 and 2014. The results obtained in the study allowed confirming the hypothesis about the positive influence of approach of the industrial structure of countries of the world to its progressive state on the sustainable economic development and quality of life of their population. This conclusion can be considered as the basis for forming the state policy of the world’s countries to develop their economies and improve the quality of life of their population. View Full-Text
Keywords: industrial structure; structural changes; sustainable economic development; quality of life of the population; Gross Value Added; progressiveness; technological level; manufacturing industry; engineering industrial structure; structural changes; sustainable economic development; quality of life of the population; Gross Value Added; progressiveness; technological level; manufacturing industry; engineering
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MDPI and ACS Style

Gryshova, I.; Kyzym, M.; Khaustova, V.; Korneev, V.; Kramarev, H. Assessment of the Industrial Structure and its Influence on Sustainable Economic Development and Quality of Life of the Population of Different World Countries. Sustainability 2020, 12, 2072. https://doi.org/10.3390/su12052072

AMA Style

Gryshova I, Kyzym M, Khaustova V, Korneev V, Kramarev H. Assessment of the Industrial Structure and its Influence on Sustainable Economic Development and Quality of Life of the Population of Different World Countries. Sustainability. 2020; 12(5):2072. https://doi.org/10.3390/su12052072

Chicago/Turabian Style

Gryshova, Inna, Mykola Kyzym, Viktoriia Khaustova, Volodymyr Korneev, and Hennadii Kramarev. 2020. "Assessment of the Industrial Structure and its Influence on Sustainable Economic Development and Quality of Life of the Population of Different World Countries" Sustainability 12, no. 5: 2072. https://doi.org/10.3390/su12052072

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