Author
Listed:
- Svitlana Shults
- Olena Lutskiv
Abstract
The article focuses on the trends and features of structural diversification of the economy of European countries. It is noted that diversification is not so much a goal as a consequence of economic growth and its initiating structural changes, which occur on the basis of government-stimulated processes of creative destruction using the tools of modern structural policy. The main focus is on changing global development trends in European countries, namely the transition to a post-industrial technological structure, which is based on the advanced development of services and reducing the share of the industrial sector (agriculture and industry in GDP). The changes in the structure of the economy of the EU member states during 2010-2018 by the share in GDP and employment by three sectors of the economy (primary, secondary and tertiary) are analyzed. The analysis shows that Luxembourg, Cyprus, Malta, France and the Netherlands are in the top five in terms of the share of the tertiary sector in GDP, while Ireland, the Czech Republic, Romania, Hungary and Slovenia are outsiders in the ranking of countries. In terms of the share of those employed in the tertiary sector of the economy, the top five included the United Kingdom, where 80.8% of the employed population works in services. An analysis of the structure of employment in the service sector in the EU member states in 2018. The results of the analysis show that in the EU member states there is an accelerated development of those sectors of the economy that provide a significant contribution to increasing labor productivity, employment and allow to gain technological advantages over competitors. Emphasis is placed on the fact that a radical change in production technologies and the intensification of innovation processes are the determining factors in the formation of a new technological structure and ensure economic growth in general
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