Production of engineering products as an element of social growth in the global world: legal factor of development

Abstract

The purpose of the article is to justify the need to develop the production of engineering products as an element of social growth in the global world and to improve the legal environment as a basis for this development. The research methodology is based on empirical, analytical methods, legal means of prevention, regulation and resolution of business development problems. Competitive struggle stimulates the development of enterprises, the problem creates new opportunities for business and market development stimulates social growth. The defined development chain is an element of globalization. It confirms the expediency of improving the legal field of activity of Ukrainian enterprises developing machine-building products in the direction of promoting the progress of their enterprises, import substitution and popularization of Ukrainian products. In the conclusions, it is recommended to use differentiation as a promising method of bringing Ukrainian enterprises to new markets, reaching foreign consumers and establishing them as a priority supplier of high-quality machine-building products.