Value Added as an Indicator of Effectiveness of Strategizing High-Tech Sector in Raw Material Region

Abstract

The article examines the issues of structural technological inclusions characteristic of the raw material region and the way out of them due to various options for strategizing economic activity. The emphasis is made on the competitiveness of products of high-tech business and its ability to accumulate added value, which changes the intersectoral structural proportions in the economic system of the region. A sequence of research tasks was determined, including the formation of a portfolio of high-tech products in accordance with the demand for them in various product markets with a subsequent assessment of the effects of strategizing and the growth of added value in the high-tech sector and manufacturing industries in the region. The assessment of the competitiveness of high-tech products was made based on the systematization of information on the possibilities of entering the domestic and world markets by taking into account supply and demand in these markets. The selection criteria and the conditions for dividing into groups in terms of priorities were determined. This allows high-tech products to be grouped for promotion in various markets. Priority positioning schemes for high-tech products make it possible to designate their specific portfolios for promotion in the domestic market, including import-substituting products, and in world commodity markets. Forecasting value added within the designated portfolios of high-tech products accumulates the effects of possible transformational changes in the structure of the region's economic system. The value-added strategy changes the technological structure of the manufacturing industry in the region, ensuring its high-quality growth and focus on innovative development.